Paccar and Platform Science announce strategic equity investment

Paccar has made a minority equity investment in its connected truck partner, Platform Science, a telematics and fleet management platform. 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.

“Paccar Connect will be the industry’s most user-friendly, customizable and productive connected truck solution, and will enhance our customers’ agility and operating efficiency,” said John Rich, Paccar chief technology officer. “We look forward to launching the system on Kenworth and Peterbilt trucks in 2024.”

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 company stated. This includes over 30 partner apps for customers to install and utilize, and will be installed during the assembly line process.

“Platform Science’s Virtual Vehicle will bring a whole new dimension of adaptive ingenuity to trucks, empowering operators to tap into a broad suite of solutions that precisely meet their fleets’ needs,” said Jack Kennedy, Platform Science co-founder & CEO.