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Recently, CV2X solution provider Nebula-Link announced its completion of the B+ round of financing worth more than CNY 100 million, which is expected to be used on product R&D.
Car road
On October 13, CV2X solution supplier Nebula-Link (Chinese: 星云互联) received more than CNY 100 million (USD 14 million) from its B+ round of financing, which was co-invested by ZGC Science City Fund (Chinese: 中关村科学城科技成长基金), Qualcomm Ventures (Chinese: 高通创投) and Changjiang Capital (Chinese: 长江资本). StarBridge Capital served as a financial advisor.This round of financing, just several months after its round B funding in March this year, is expected to help Nebula-Link improve its competitiveness in the CV2X area.
Nebula-Link, founded in 2015, is dedicated to developing ICV and V2X service applications and has branches in Beijing, Shanghai, Changsha and Hefei. The firm provides “Vehicle-Road-Cloud” series products and services including V2X products, protocol stacks and testing tools, as well as Vehicle-to-Infrastructure (V2I) solutions. Moreover, Nebula-Link has launched C-DAS and Road Traffic Active Control solutions that could help achieve better "vehicle-road connection".
Nebula-Link is expected to use the fund in product R&D, contributing to improving the competitiveness of China’s intelligent transportation industry.