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NV DMV FollowupProprietary and Confidential 2 Peloton Technology Founded 2011, Menlo Park CA To dramatically improve highway safety and the efficiency of every mile traveled Josh Switkes CEO Dave Lyons Product Steve Boyd Ext. Affairs Chris Gerdes Chief Scientist John Formisano Fmr. Fed Ex Ralph Eschenbach Fmr. Trimble Mark Platshon BMW, BP

NV DMV FollowupProprietary and Confidential 3 The Peloton Solution Individual Truck Safety ­Radar + Automatic braking Close Formation Platooning ­Well beyond cruise control ­Fuel Savings from aerodynamics ­Enhanced driver awareness -- video link Platooning Network Operations Center ­Coordination of linking opportunities ­Trucks can only link when it is safe Safe road Safe traffic conditions Safe weather Safe driver

NV DMV FollowupProprietary and Confidential PATH – US (Includes Nevada) ’90s and ongoing 4 Platooning Demonstrations SARTRE – EU (Sweden) 2009-PresentENERGY ITS – Japan KONVOI – Germany PIT – Canada 2009

NV DMV FollowupProprietary and Confidential 5 The Peloton System Peloton Controller SAAS Managed Services Truck Operation Analytics Truck and Fleet Optimization Driver Analytics Safety/Near-Miss Statistics Radar Truck- Truck Link Video Link Third-Party Components Braking System Engine Torque Truck Interface User Interface

NV DMV FollowupProprietary and Confidential 6 Enhancing Driver Performance Forward Collision Avoidance12% Fuel Savings Full Road VisibilityBlindSpot Display

NV DMV FollowupProprietary and Confidential 7 Technology Package Tractor-only Installation Commercially-proven components Robust vehicle control software Antennas Display, Camera Radar Unit Acceleration Control Active Braking System System Control Module Platooning Indicator

NV DMV FollowupProprietary and Confidential 8 Enhancing Driver Performance Human drivers in command of both vehicles at all times Human drivers steer both trucks at all times System adjusts speed and applies braking to assist the drivers ­Similar to adaptive cruise control Level 1 Automation (by NHTSA defined levels of automation) Vehicles back away and drivers resume full control: ­When a driver chooses to end the linking ­During system faults ­When other vehicles interfere

NV DMV FollowupProprietary and Confidential 9 Safety Package Forward Collision Avoidance Radar-based avoidance: overcomes driver fatigue, weather Weather and location based geofencing of operation Driver real-time notification of hazards Traffic conditions/accidents, Weather and Road conditions Ultra-fast reaction by trailing truck: Far better than an alert driver Smart ordering of trucks : Requires front positioning for heavier truck with longest stopping distance Driver monitoring: Detect lane drift Remote linking approval based on truck, traffic, road, driver Driver awareness enhancement: Blind spot display, full road visibility

NV DMV FollowupProprietary and Confidential 10 System Benefits Safety ­Peloton safety systems are always on even when trucks are not platooned ­Linking only enabled on appropriate stretches of highway ­NHTSA: Crash-avoidance systems can save $3.1B, reduce fatalities 44% Article: -Truck crashes in 2011 caused over 3700 fatalities -Fleets alone face crash costs of over $48B/year; national costs even higher Fuel efficiency: 10+% savings ­US Class 8 trucks use approx. 25B gal of diesel/year ­Dramatic Economic, Health and Environmental benefits of fuel savings Reducing congestion and new infrastructure requirements ­Accident prevention reduces congestion Reduce fuel wasted from congestion Fewer new lanes/roads required ­Requires no new infrastructure

NV DMV FollowupProprietary and Confidential Formal Track Verification Sep 2013 Test Track  Verifies safety and fuel savings potential Highway Test 1Q Michigan  In cooperation with Michigan DOT, Fleet Automation Forum Highway Test 2 / Demo Q TBD  Seeking partners to show transportation leadership and drive economic development Commercial PilotQ TBD  Pre-production system on fleet trucks  Seeking partner states 11 Timeline