iSmartWays Technologies Inc., an Edmonton, Canada-based technology company and global leader in connected vehicle (V2X) and transportation technology, raised a multi-million Pre Series-A funding.
Backers included Saic Capital and ChinaEquity Group.
The company intends to use the funds to strengthen its existing V2X capabilities and expand R&D competences in 5G-based Cellular-V2X, automated vehicles and smart mobility.
Led by Dr. Tony Qiu, Engineering Professor with the University of Alberta and co-founder, iSmartWays specializes in research, development and manufacturing of connected vehicle hardware and software solutions. By using their technical strengths and team, the company completed SAIC Motor’s C-V2X mass production and automated driving demonstration pilot.