G7 Closes Record-Setting Funding Round of USD 320 Million Led by Hopu Capital
As the logistics technology leader in China, G7 actively invests in IoT, big data, AI and smart equipment and promotes intelligent transformation, connectivity and sharing for logistics assets, including trucks and trailers.
Dec 10, 2018/EqualOcean/--G7 networks, a leading Internet of Things (IoT) technology company in China, has closed its latest USD 320 million funding led by Hopu Fund（厚朴资本）, followed by CBC Capital（宽带资本）, Canada Zhihui International Financial Group, Mount Morning Capital（晨山资本）, Total Energy Ventures, TH Capital（泰合资本）. Its existing investors GLP, BOCGI and Tencent participated in this new funding round. TH Capital served as exclusive financial advisor in the transaction. G7 has seized more than USD 500 million last year.
G7 was included in Gartner's 2018 Market Guide for Transportation Mobility Technology. Gartner's inclusion of G7 is indicative of the increasing transparency necessitated by today's advanced technologies.
As the logistics technology leader in China, G7 actively invests in IoT, big data, AI and smart equipment and promotes intelligent transformation, connectivity and sharing for logistics assets, including trucks and trailers. The G7 platform serves more than 50,000 customers and connects more than 600,000 vehicles in real time, making it the largest open IoT platform in China's logistics sector.
G7's real-time driver behavior monitoring system gives fleet managers an at-a-glance holistic picture of their fleets. Leveraging its broad client base, G7 is able to provide recommendations for extreme delays, such as other suitable fleets with matching route itineraries.
ZHAI Xuehun（翟学魂）, G7's Founder and Chief Executive Officer said: "Technology is having a profound influence on the industry. Based on LoT, big data and artificial intelligence, the smart fleet model is changing the way fleet operates and becoming the new-generation of logistics infrastructure with improved efficiency. G7 is looking forward to corporate with investors and partners to accelerate the industry transformation with technology innovation."
MA Zheren（马喆人）, the President of G7, commented: “Artificial Intelligence in IoT (AIoT) is changing logistics equipment at a rapid speed. Intelligent equipment and asset-as-a-service are the new trends. G7 maintains a competitive edge on the large scale of data and neutrality of its industry-wide platform. G7 will be engaged in technology development and leading the future of the logistics industry.”( Find more about MA)
——Author: LinYan.Write to LinYan at LinYan@EqualOcean.com