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Hypermile

Hypermile Logo

Driver co-pilot to make trucking more efficient 


Year Founded

2020

Company Size

11 - 50 People

Funding Raised

Not Specified

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About Hypermile

Hypermile is on a mission to improve trucking efficiency, sustainability and safety by developing an AI driver assistance system ๐Ÿš› ๐ŸŒŽ๐ŸŒฑ.

Today, fuel is the main cost component for logistics operators, accounting for >1/3 of all operating costs. Driving behavior is a key factor affecting overall fuel consumption and can increase fuel use by up to 35%. However, current solutions are not cost effective, so logistics operators are constantly looking for new solutions.

In addition, logistics operators are under huge sustainability pressure, as Heavy Goods Vehicles (HGVs) are responsible for 16% of the UK's transport emissions but only 5% of the miles travelled. While electric vehicle sales for passenger vehicles are on the rise, the same can't be said for long-haul HGVs due to high initial cost and limited range, making it impractical for logistic purposes.

With this problem in mind, we aim to leverage the latest AI techniques to improve the fuel efficiency of diesel trucks today, and increase the range of zero-emission trucks of the future.

Our product Hypermile Co-Pilot is a retrofittable AI cruise control for commercial vehicles focused on controlling the speed of the truck efficiently. We have trained the AI algorithms to learn the best techniques for saving fuel: anticipating how traffic flow will change, optimising speed based on the road gradient and maximizing vehicle coasting. As a result, we can reduce diesel consumption by 11% and extend the range of battery-electric vehicles by 15%. The long term vision is to incrementally build higher levels of autonomy with the next milestone being a Level-3 autonomous trucking solution.

The company was founded in May 2020 and raised a $1.5M pre-seed round in May 2021 from Y Combinator, Greg Brockman (CTO of OpenAI), Luc Vincent (former Executive VP of Autonomous Driving at Lyft Level 5) and others. Weโ€™ve received a number of R&D grants from Innovate UK, Department for Transport and Horizons 2020. Weโ€™re currently a team of 10 across Commercial, Product and Engineering (including 4. sub-teams cloud software, machine learning, automotive software and electronics).

Profile ID: #328077


Latest Jobs


Founders & Leadership

James Hennessey

James Hennessey

Co-founder of Hypermile


Financials Beta

Business Model: Not Specified

Revenues: Not Specified

Expenses: Not Specified

Debt: Request

Operating Status: Active

Funding Raised: $0

Investment Rounds: 0 Rounds

Funding Stage: Not Specified

Last Funding Date: Not Specified


Frequently Asked Questions

Who are Hypermile's founders and individuals in key leadership positions?

Hypermile has 1 founders and people in key management positions. They are:
  • James Hennessey
  • How long has Hypermile been in business?

    Hypermile was established in 2020 (3 years in business).

    Is Hypermile currently hiring?

    Yes, Hypermile is currently hiring for 1 job positions.

    Visit Hypermile's Jobs Page to view a list of all open positions.

    Which country is Hypermile headquartered in?

    Hypermile is based in United Kingdom.

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