Volvo Places Bet on Technology with Investment

A subsidiary of the Volvo Group has placed a bet on the future of trucking technologies when it comes to increasing safety and fuel savings.

Volvo Group Venture Capital announced on Monday its investment in California-based Peloton Technology. The amount of the investment was not disclosed.

According to a release, 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 system electronically couples trucks through a combination of vehicle-to-vehicle communications, radar-based active braking systems and proprietary vehicle control algorithms. The result, said Volvo, 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, a U.S. non-profit, and a major fleet, using the industry standard SAE Type II test, showed reductions in fuel consumption of 10 percent for the rear commercial vehicle and by more than 4 percent for the front vehicle.

Other U.S. and international studies of truck platooning have also shown high levels of fuel efficiency improvement, according to Volvo.

 “Volvo Trucks has long been a leader in offering advanced technology to our customers, and we were the first OEM to lead a platoon,” said GÓ§ran Nyberg, president of Volvo Trucks North America.

Peloton is 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, according to Volvo.

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