EDP invests €500,000 to develop Fuelsave solution

September 6, 2019 Read time: 1 min

Energy company EDP has invested €500,000 in Portuguese start-up Fuelsave to help truck drivers save fuel, which it claims takes up 40% of transport companies’ budgets.

Fuelsave is developing a solution that is expected to optimise truck driving and save up to 20% on fuel. It collects and analyses electronic data from each truck to help understand the different driving parameters that impact fuel consumption.

Luís Manuel, administrator of EDP, says: "The transport sector still has too much weight in CO2 emissions, and freight is a big part of this problem. We believe that development of smart driving solutions that significantly reduce fossil fuel consumption is part of the future.”

Looking ahead, EDP intends to help autonomous driving companies develop technologies more safely using the Fuelsave platform.

Location Based Systems

Related Content

  • ITS projects deliver return on investment
    December 3, 2012
    Light is being shed on where the real return on investment is today – growing, tangible, revenue-generating markets like ITS. There is a great deal of investment going on within the ITS space, and a great deal of external interest in investing in ITS,” says Scott Belcher, President and CEO of ITS America, which has been connecting investors with technology firms ripe for investment. Interested parties include the leading investment banking firm Raymond James. Its managing director, Gary Downing says: “ITS i
    Read More
  • Watch your step: the sidewalk robots are here
    March 14, 2023
    The way we order and pay for goods has changed radically – but what about how those goods are delivered? Gordon Feller looks at how sidewalk robots might reshape the urban landscape
    Read More
  • Port of Hamburg launches intelligent traffic light
    June 3, 2015
    The Hamburg Port Authority (HPA) in Germany and NXP Semiconductors have partnered on an intelligent traffic light for the port that they claim optimises the flow of truck traffic and guides drivers through the increasingly heavily used port more quickly and safely. The smartPORT traffic light was developed by the HPA in conjunction with its partners NXP, Siemens, Heusch/Boesefeldt and Hamburg Verkehrsanlagen. NXP supplied the solutions for the wireless communication, V2X and RFID, and ensures data pro
    Read More
  • All-electric delivery trucks hit the streets of Columbus
    March 1, 2012
    Frito-Lay North America division, the US$13 billion convenient foods business unit of PepsiCo, has started rolling out some of its fully electric delivery trucks in Columbus.
    Read More

Highlighted Content