Truck automation startup Peloton raises another $60 million
Peloton Technology, a startup working on truck automation tech used to create "platoons" of vehicles that travel together, said Wednesday it had raised another $60 million. The details of the funding round were first reported earlier this month by Bloomberg.
Key term to know: Platooning. It's the idea that you can use autonomous driving technology to string groups of trucks together. When the front truck brakes or speeds up, so does the truck behind it. The improved aerodynamics save fuel.