MotionLED Technology Group Ltd., a UK-Chinese technology hardware and software company providing Digital Outdoor Advertising solutions focused on the transportation industry, raised $500k in funding.
The backers were not disclosed.
The company intends to use the funds to continue to expand operations.
Led by Graham Skelton, CEO, Wilfred Wong, COO, and Winsome Cheung, CFO, MotionLED Technology provides BusLED, a bus-side consuming LED display for use out of doors in sunlight. The displays are controlled remotely via wireless technologies which allows for real-time advertising and public service announcements that can be displayed based upon time of day and location of the vehicle.