Also known as: Creation Labs
Driver co-pilot to make trucking more efficient
Company was acquired
Event Year: 2021
Company was acquired
Event Year: 2021
Hypermile was dedicated to enhancing the efficiency, sustainability, and safety of the trucking industry through the development of an AI-powered driver assistance system. Recognizing that fuel constitutes a significant portion of operating costs for logistics companies, often exceeding one-third of the total, Hypermile focused on optimizing driving behavior to reduce fuel consumption. Inefficient driving habits can increase fuel usage by as much as 35%, creating a substantial financial burden for operators. Existing solutions often lack cost-effectiveness, prompting a continuous search for innovative approaches.
Furthermore, logistics companies face increasing pressure to adopt sustainable practices. Heavy Goods Vehicles (HGVs) contribute significantly to transport emissions, accounting for a disproportionate share of the total. While electric vehicle adoption is growing in the passenger vehicle sector, long-haul HGVs face challenges related to high initial costs and limited range, hindering their widespread use in logistics operations.
Hypermile aimed to address these challenges by leveraging advanced AI technologies to improve the fuel efficiency of diesel trucks and extend the range of future zero-emission vehicles. Their flagship product, Hypermile Co-Pilot, was a retrofittable AI cruise control system designed to optimize truck speed for maximum efficiency. By training AI algorithms to anticipate traffic flow, optimize speed based on road gradient, and maximize vehicle coasting, Hypermile achieved significant reductions in diesel consumption and range extension for battery-electric vehicles. The company's long-term vision included incrementally developing higher levels of autonomy, with the ultimate goal of creating a Level-3 autonomous trucking solution.
Hypermile was dedicated to enhancing the efficiency, sustainability, and safety of the trucking industry through the development of an AI-powered driver assistance system. Recognizing that fuel constitutes a significant portion of operating costs for logistics companies, often exceeding one-third of the total, Hypermile focused on optimizing driving behavior to reduce fuel consumption. Inefficient driving habits can increase fuel usage by as much as 35%, creating a substantial financial burden for operators. Existing solutions often lack cost-effectiveness, prompting a continuous search for innovative approaches.
Furthermore, logistics companies face increasing pressure to adopt sustainable practices. Heavy Goods Vehicles (HGVs) contribute significantly to transport emissions, accounting for a disproportionate share of the total. While electric vehicle adoption is growing in the passenger vehicle sector, long-haul HGVs face challenges related to high initial costs and limited range, hindering their widespread use in logistics operations.
Hypermile aimed to address these challenges by leveraging advanced AI technologies to improve the fuel efficiency of diesel trucks and extend the range of future zero-emission vehicles. Their flagship product, Hypermile Co-Pilot, was a retrofittable AI cruise control system designed to optimize truck speed for maximum efficiency. By training AI algorithms to anticipate traffic flow, optimize speed based on road gradient, and maximize vehicle coasting, Hypermile achieved significant reductions in diesel consumption and range extension for battery-electric vehicles. The company's long-term vision included incrementally developing higher levels of autonomy, with the ultimate goal of creating a Level-3 autonomous trucking solution.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2020
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2020
B2B
B2B
B2B -> Engineering, Product and Design
B2B -> Engineering, Product and Design
Team size: 11
Hiring: No
Team size: 11
Hiring: No