Monday, August 31, 2015

Peloton Adds Lockheed Martin As Investor

Mountain View-based Peloton Technology, which is developing automated technology to allow drafting of large trucks to save fuel, has added another investor to its recent funding round. Peloton said that Lockheed Martin has joined in its recent funding, to help it further develop its technology for both the U.S. and international markets. Size of the investment was not announced. Peloton recently raised $17M in a round from DENSO International America and Intel Capital. The company is led by Josh Switkes. More information »