Peloton catches corporates to raise $60m

Apr 13, 2017 • Robert Lavine

Intel, BP, Nokia, UPS, Denso, Schlumberger, Volvo, Mitsui, Lockheed Martin, Okaya and Breakthrough Fuel all participated in Peloton Technology's series B round.

Fleet management systems provider Omnitracs led a $60m series B round for US-based automated car technology developer Peloton Technology yesterday that included several corporates

Intel Capital, BP Ventures, Nokia Growth Partners and UPS Strategic Enterprise Fund all invested, representing semiconductor maker Intel, petroleum producer BP, communications equipment provider Nokia and logistics service provider UPS respectively.

The corporate venturing units were joined by automotive systems producer Denso International America, oil and gas company Schlumberger, carmaker Volvo, conglomerate Mitsui, aerospace company Lockheed…

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