Startups working in trucking. Corporates in driverless cars. A new era of American exurbs.
Tech for trucking
Yesterday Verizon acquired Telogis for an undisclosed sum. Telogis provides connected intelligence to trucking and other fleet-based industries, helping them optimize fuel efficiency, safety, and driver behavior. The startup had raised over $141M from backers including Kleiner Perkins and GM Ventures.
The US telecom giant plans to augment its Verizon Telematics unit with the new acquisition, no doubt sensing the magnitude of the opportunity in connected trucking and vehicle fleet services.