Volvo Group Venture Capital, a subsidiary of the Volvo Group, has invested in Peloton Technology, a developer of vehicle technologies that deliver safety and fuel savings to fleets in the trucking industry. Peloton’s truck platooning system is an integrated safety, efficiency and analytics platform that builds on advanced safety technologies such as collision mitigation and adaptive cruise control systems.
The Peloton system electronically couples trucks through a combination of vehicle-to-vehicle communications, radar-based active braking systems and proprietary vehicle control algorithms. The result is enhanced collision avoidance capabilities and increased fuel efficiency for the front and rear trucks in a two-truck platoon.
A study of Peloton’s system by the North American Council for Freight Efficiency and a major fleet, using the industry standard SAE Type II test, showed reductions in fuel consumption of 10% for the rear commercial vehicle and by more than 4% for the front vehicle. Other US and international studies of truck platooning have also shown high levels of fuel efficiency improvement.
Volvo Trucks has long been a leader in offering advanced technology to our customers, and we were the first OEM to lead a platoon. We look forward to working with Peloton Technology as they work on a platooning solution that will improve safety and fuel efficiency, while also combatting the costs associated with congestion.—Gӧran Nyberg, president of Volvo Trucks North America
Peloton, based in Mountain View, California, also is developing a Platooning Network Operations Center, a cloud-based service that helps trucks find platooning partners, collects vehicle and driver data and allows the approval or adjustment of platooning parameters.