Chinese Telematics Provider Receives $320M Funding

A Chinese commercial telematics service provider, G7, secured $320 million in funds toward the development of integrated fleet management solutions and services.

G7’s services cover safety, energy, payments, financing, and Intelligent-equipment-as-service, to logistic enterprises and freight fleets, according to the company. The company services more than 800,000 commercial vehicles.

In over a year, G7 received approximately $500 million of investment through several funding rounds, according to a release. The company is also co-developing autonomous trucking network with industry partners.