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

  • First-of-a-kind collaboration to analyse real-time traffic patterns and individual commuter travel history
    February 3, 2012
    IBM has announced a new collaboration with the California Department of Transportation (Caltrans) and California Center for Innovative Transportation (CCIT), a research institute at the University of California, Berkeley, to develop an intelligent transportation solution that will help commuters avoid congestion and enable transportation agencies to better understand, predict and manage traffic flow.
    Read More
  • ITS Australia Awards: finalists revealed
    November 29, 2022
    Cisco, Moovit and Q-Free are among the companies up for 13th ITS Australia Annual Awards
    Read More
  • UK trial of electric cars proves they are greener
    June 14, 2013
    Experts leading a major three-year trial into the impact of electric vehicles and the role they could play in our transport systems of the future, have shown that rolling them out across our city’s roads would protect both our health and the environment. Data gathered and analysed by transport experts at the UK’s Newcastle University shows that daytime air pollution levels in our towns and cities regularly exceed the Government’s recommended 40µg m-3 (21 parts per billion) for prolonged periods, putting peo
    Read More
  • Digital twins promise no jam tomorrow
    June 6, 2024
    Every year, Transport for London helps make billions of road journeys congestion-free - but could it do better? Digital twin and graph technology are starting to make London less congested and greener, says database expert Aaron Holt
    Read More

Highlighted Content