It primarily developed a vehicle "platooning" system to enable pairs of trucks to operate at close following distances with a stated goal of improving safety and fuel efficiency.

Peloton Technology was the first company to test a non-research commercial truck platooning system on public roads in the United States.

[8] Peloton's platooning system has reportedly been tested over approximately 15,000 miles in several states, including Nevada, Texas, Utah, Michigan, and California.

[15] In April 2015, Peloton closed a $16 million Series A round led by Denso International America and Intel Capital, which also included Magna International, Castrol innoVentures, Volvo Group Venture Capital, UPS Strategic Enterprise Fund, Sand Hill Angels, Band of Angels, and Birchmere Ventures.

[19] Peloton also contributes to a second FHWA-funded platooning research project led by UC Berkeley PATH and including Volvo Trucks.

A Purdue University-led team of NEXTCAR[24] researchers are focusing on technologies that benefit line-haul Class 8 trucks with an emphasis on platooning vehicles.