Rumor: Online Fleet Management Service G7 to Complete USD 9-digit Funding

Chinaventure, 8/23/18

Beijing-based Huitong Tianxia IOT Technology, operator of online logistics platform G7, is reportedly about to complete a new round of USD 9-digit funding, according to a source familiar with the matter. G7 is in the final stages of negations with several large USD-denominated investment funds. The new funding will be used to support G7's strategic position in AI+IA (Artificial Intelligence + Intelligent Assets), R&D investments, and deeper positions in each of the company's business areas.

G7 currently serves more than 50,000 clients and connects to over 700,000 vehicles.

Editor's Note: G7 is an IoT company that specializes in providing comprehensive fleet management services to logistics companies based on IoT and big data technology, thereby improving time-efficiency, cost, and safety management levels for fleet clients and logistics businesses. For more information on this topic, please see "Online Fleet Management Service G7 Wins USD 70 Mln Funding," MD 12/18/17 issue.

Keywords: Internet funding logistics IoT Huitong Tianxia artificial intelligence G7 vehicle tracking

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