Hypermile Analysis: $2M Raised
What is Hypermile?
Hypermile builds AI cruise control software for trucks that targets fuel use, CO2 emissions, ride smoothness, and driver comfort. The system combines predictive control, OEM integration, OTA updates, cloud monitoring, and secure vehicle data connections. The site says the product has been validated with major European fleets and logged more than 1,000 highway miles in pilots.
Location
Keeling House, Claredale Street, London, England E2 6PG, United Kingdom
Employees
11-50
Founded
2020
Industry
Hypermile Operates In The **transportation Technology Industry**, Specifically Focusing On **fleet Management And Sustainability Solutions**. This Industry Encompasses The Development And Implementation Of Technologies Aimed At Improving The Efficiency And Environmental Impact Of Vehicle Fleets. Hypermile's Ai-driven Cruise Control System Is Designed To Reduce Fuel Consumption And Co₂ Emissions For Fleet Operators, Enhancing Overall Vehicle Performance And Driver Comfort. The Company Targets Fleet Operators, Truck Manufacturers, And Sustainability Officers, Providing Tools That Integrate With Existing Systems To Monitor And Optimize Fleet Performance In Real-time.
Revenue
$280k
Business Model
Pure Industrial Software
Full Address
London, Greater London, WC2R 1LA, United Kingdom
Funding Status
Acquired
HQ Location
London, England, United Kingdom
Investors
- Y Combinator
YC Batch
S20
Product Features & Capabilities
- Hypermile Co-Pilot, retrofittable AI cruise control, fuel efficiency improvement, safety enhancement, camera-based device integration, vehicle speed control, brake and throttle management, road context understanding.
Use Cases
Reduce fuel consumption by 11% for fleet operators; Cut CO₂ emissions by 22 tons per truck annually; Enhance driver comfort through smoother journeys; Integrate with existing OEM systems for improved performance; Monitor fleet performance in real-time via cloud dashboard
Pricing
- Free Plan
- Leased camera-based hardware
- Access to fleet management platform
- Installation and maintenance included
How much Hypermile raised
Pre-Seed - $1.5M
May 2021Lead Investor: Y Combinator, Greg Brockman (CTO of OpenAI), Luc Vincent (former VP of Engineering at Lyft)
Who are the founders of Hypermile
JL
Jakub Langr
CTO
JH
Market Focus
Hypermile primarily focuses on the trucking industry, specifically on improving efficiency, sustainability, and safety in commercial vehicles through AI driver assistance systems.
Competitors Overview
Hypermile operates in the AI driver assistance market for commercial vehicles, focusing on improving trucking efficiency, sustainability, and safety. Its main competitors include:
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Plus.ai: An AI-first global autonomous trucking technology company that develops autonomous trucks. Their advantage lies in their focus on fully autonomous solutions, which may appeal to companies looking for complete automation in logistics.
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Mobileye: A leader in advanced driver-assistance systems (ADAS) and autonomous vehicle technology. Mobileye's extensive experience and established market presence provide them with a competitive edge in safety features and technology integration.
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Applied Intuition: This company offers a simulation and validation platform for ADAS and autonomous vehicles, catering to various industries including trucking. Their strength is in providing robust software solutions that enhance the development and testing of autonomous systems.
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Daimler AG: A major player in the automotive industry, Daimler is investing heavily in AI and autonomous driving technologies. Their established brand and resources allow them to innovate rapidly and integrate advanced technologies into their commercial vehicle offerings.
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Valeo: Known for its innovative automotive technologies, Valeo focuses on developing smart mobility solutions, including ADAS. Their advantage is in their extensive research and development capabilities, which lead to cutting-edge technology.
Notable differences include Hypermile's specific focus on retrofittable solutions for existing commercial vehicles, which may appeal to fleet operators looking to enhance their current systems without investing in new vehicles.
Full Description
Hypermile is an AI cruise control system that reduces fuel consumption by up to 11% and CO₂ emissions by 22 tons per truck annually. The technology uses advanced perception and prediction models to optimize driving patterns based on real-world data. It has been validated with major European fleets, demonstrating significant fuel savings and improved driver comfort.
Other Considerations
Pilot programs with major European fleets; Achieved 99.9% system uptime during testing; Recognized for contributions to transportation sustainability; Partnerships with leading truck manufacturers; Compliance with upcoming EU regulations
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