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PACCAR, Platform Science announce equity investment partnership

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Nov 25, 2023

PACCAR, Platform Science announce equity investment partnership

PACCAR announced that it has made a minority equity investment in its connected

PACCAR announced that it has made a minority equity investment in its connected truck partner, Platform Science. The companies say this strategic investment complements the partnership recently launched by PACCAR and Platform Science to integrate Platform Science's Virtual Vehicle technology with the PACCAR Connect telematics system.

The integrated product will offer Kenworth and Peterbilt customers a standardized telematics operating system and application store, enabling customers to access software solutions, real-time vehicle data, and third-party applications directly from their vehicles. The companies say the vehicle information technology environment will reduce the number of telecommunications devices required on a vehicle. Factory installation will increase customers’ productivity and uptime by eliminating the aftermarket installation process, the companies say.