Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Global Giant-backed Fleet Manager G7 Completes Record-Setting Funding Round of USD $320 Million, Smart Fleet Management and Autonomous-driving Trucks to be Expedited

G7, China’s leading Internet of Things (IoT) company, announced  that it has completed a record-setting funding round of USD $320 million in October. The funding round is supported by Total Energy Ventures (TEV) International, Tencent, and GLP, etc., to further expedite the realization of smart fleet management and autonomous-driving trucks.

New investors include HOPU Investments, China Broadband Capital (CBC), iFoF, Mount Morning Capital, Total Energy Ventures, and TH Capital. Existing shareholders, GLP, Bank of China Investment, and Tencent, etc., participated in this new round. In over a year, G7 has received approximately USD $500 million of investment through multiple rounds and has become one of the most valuable IoT companies in the world.

Read More: Interview with Sheldon Fernandez, CEO at DarwinAI

G7 has strategically partnered with key truck-makers including Volvo, Scania, Futon, GAC, FAW, and Dongfeng Motor. With its proprietary Artificial Intelligence in IoT (AIoT) platform, G7 collects countless real-time data from trucks and leverages AI technologies to enable vehicles to be connected. This also enables one-stop management for fleet operators. Serving more than 60,000 customers and over 800,000 commercial vehicles, G7 is now the world’s largest integrated fleet management platform.

The global autonomous truck market is expected to grow at a CAGR of 5.8% from 2018 to 2023. Riding on increasing safety demands, G7 co-develops autonomous trucking network with GLP and NIO Capital through a joint venture earlier this year, focused on next-generation smart trucks with autonomous driving and new energy technologies.

Related Posts
1 of 40,303

Read More: New and Exciting Ways Brands Are Using AI on Social Media

Technology is having a profound impact on the industry. Based on IoT, big data, and artificial intelligence, the smart fleet model is fundamentally changing the way fleets operate and is forming a new-generation of logistics infrastructure with much-improved efficiency. G7 is looking forward to working with investors and partners, through the use of innovative technologies, to accelerate the industry transformation,” said Xuehun Zhai, Founder and Chief Executive Officer of G7.

G7 provides integrated fleet management solutions and services, which covers safety, energy, payments, financing, and intelligent-equipment-as-service, to logistic enterprises, and freight fleets. G7 Smart Fleet Management Solution helps small fleet managers manage their fleet and drivers, and provides one-stop fleet operation consumer products and services including fuel card, ETC card and credit by connecting partners in the ecosystem including banks, highways, and petrol stations.

Read More: Bringing Collaboration to the Midmarket

Global industry players are visioning the same market trends for G7. Fleetmatics, a company acquired by Verizon, provides fleet management software and solutions; Fleetcor focuses on smarter fueling and smarter payment services; others include Pilot Flying J, the largest truck-stop chain in North America (invested by Buffett and Nikola) offering smart equipment/trucks and asset management solutions. With a portfolio covering most businesses of the companies above, G7 is committed to establishing a data-driven, open, and shared ecosystem that connects logistics infrastructure, vehicle OEMs, and financial institutions.

18 Comments
  1. Copper scrap permits Recycled copper ingots Scrap metal reclamation and salvage
    Cable recycling, Scrap metal utili, International copper scrap trade

  2. Simply want to say your article is as amazing. The clearness in your post is simply excellent and i can assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please continue the rewarding work.

  3. Hmm it appears like your site ate my first comment (it was extremely long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog blogger but I’m still new to the whole thing. Do you have any tips and hints for inexperienced blog writers? I’d certainly appreciate it.

  4. steam cs skin g******* sites says

    This is very interesting, You are an excessively professional blogger. I have joined your feed and look ahead to seeking more of your wonderful post. Also, I have shared your site in my social networks

  5. университет says

    One of the leading academic and scientific-research centers of the Belarus. There are 12 Faculties at the University, 2 scientific and research institutes. Higher education in 35 specialities of the 1st degree of education and 22 specialities.

  6. Good post. I am going through some of these issues as well..

  7. I am curious to find out what blog system you happen to be working with? I’m experiencing some minor security problems with my latest website and I would like to find something more safeguarded. Do you have any solutions?

  8. Magnificent goods from you, man. I’ve understand your stuff previous to and you’re just too wonderful. I really like what you’ve acquired here, really like what you’re stating and the way in which you say it. You make it entertaining and you still take care of to keep it sensible. I cant wait to read far more from you. This is actually a terrific site.

  9. Awesome! Its in fact awesome piece of writing, I have got much clear idea regarding from this post.

  10. хот фиеста says

    Spot on with this write-up, I really think this web site needs far more attention. I’ll probably be back again to read through more, thanks for the information!

  11. I’ve read some just right stuff here. Definitely worth bookmarking for revisiting. I wonder how so much attempt you put to create this sort of f******** informative site.

  12. Hello very nice web site!! Guy .. Beautiful .. Amazing .. I will bookmark your website and take the feeds also? I am glad to find so many useful information here in the publish, we need develop more strategies in this regard, thank you for sharing. . . . . .

  13. Hmm is anyone else having problems with the images on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog. Any feedback would be greatly appreciated.

  14. Теннис онлайн says

    Very nice write-up. I definitely love this website. Continue the good work!

  15. I’m now not sure where you are getting your info, however good topic. I needs to spend a while learning more or understanding more. Thank you for f******** information I used to be looking for this information for my mission.

  16. Автомойка самообслуживания под ключ – это современное решение для максимально выгодного бизнеса. Без перерывов и выходных, 24/7 для клиентов.

  17. I was recommended this blog by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my problem. You are amazing! Thanks!

  18. This text is invaluable. Where can I find out more?

Leave A Reply

Your email address will not be published.