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Automated Truck Firm Raises $60 Million

April 7, 2017

By: Bob Tita

(The Wall Street Journal) Software firm Peloton Technology has raised $60 million in a second round of funding for its work automating commercial truck fleets. Peloton's system allows two trucks traveling front-to-back to be controlled by a driver in the front vehicle. Trailing the lead vehicle by as little as 30 feet, the second truck uses about 10% less fuel because of reduced wind resistance from the lead truck, Peloton says.

Peloton and its competitors in the race to automate driving are facing skeptical regulators and trucking-fleet owners who worry how safe and reliable the technology will be. Chief Executive Josh Switkes said Wednesday Peloton's system will make less mistakes than a human truck driver. "It can bring real value in safety and fuel savings and both of those bring operational savings to the truck fleets," Mr. Switkes said...

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Read More At The Wall Street Journal:https://www.wsj.com/articles/self-driving-truck-firm-raises-60-million-1491488715