April 30, 2020 — 21:56
Inceptio Technology, a Chinese autonomous driving truck start-up, has raised US$100 million financing with undisclosed investors, according to a company announcement. At the same time, the A-sample validation was conducted together with Dongfeng Commercial Vehicle Co., Ltd. It is a key milestone of productization in China autonomous driving industry and marks a solid step taken by Inceptio in volume production of L3 autonomous trucks in accordance with its set timeline. Co-founded by China’s leading IoT company G7, Global Logistic Properties Ltd(GLP), and NIO Capital in April 2018, Inceptio Technology is dedicated to build a nation-wide freight network using autonomous driving trucks. It develops proprietary autonomous technology for trucks and provides a more secure, efficient and economical Transportation-As-A-Service (TaaS) to logistic customers. The Shanghai-base firm has partnered with domestic OEMs in volume production of autonomous trucks. Its L3 autonomous heavy-duty trucks are planned to be rolled off from the OEM production line by the end of 2021. To date, more than 100 logistics and freight companies had already signed up for Inceptio’s Smart Truck Asset Service. Founder and CEO of G7 Networks Limited, Mr. Sherman Zhai said: "The autonomous trucking network built upon big data and artificial intelligence will become a pay-as-you-go infrastructure service in the logistics industry. G7 is willing to share its deep understanding of the logistics industry and customer needs with Inceptio. Leveraging on G7’s well established Big Data Analytics and network of service, we join hand in hand to usher in the new era of ‘Mobility as a Service’.”
Mr. Ming Mei, Co-founder and CEO of GLP, said: " Inceptio has gathered top talents across the fields of autonomous driving, vehicle engineering and logistics operations. They are among the most capable teams for realizing autonomous driving in logistics. Together with Inceptio, GLP will leverage its asset management strengths to build an exceptional intelligent Asset as a Service platform." Mr. Jielong Zhang, Chief Financial Officer of Inceptio said: "The world is experiencing changes brought on by disruptive technology in the scale never seen before, whilst the world is also facing challenges in multiple fronts. Despite unprecedented difficulties due to COVID-19 pandemic, we are proud that Inceptio team, our investors and our industry partners across locations in Shanghai, Wuhan and Silicon Valley were able to close capital raising and deliver product milestone on schedule. We look forward to working with more partners, together We Make Logistics Graceful!"

GLP-Backed Autonomous Trucking Startup Inceptio Secures $100M Round

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Rumor site Nokishita has published the images, which were revealed by certification agencies, along with a short list of specifications. The leaked snapper is the successor to the Canon PowerShot G7 X Mark II – one of our favorite travel compacts – and if rumors are to be believed, it will feature built-in Wi-Fi and Bluetooth for a easy transfer of images to a smartphone for uploading to social media. It has also been suggested that the camera will boast a 24.1MP 1.0-inch CMOS sensor with a burst speed of 10fps. Image 1 of 9
Image 9 of 9
According to Nokishita, the lens on the upcoming snapper will be a 8.8 - 36.8mm f/1.8 - 2.8 lens (the current Mark II model sports a 24-100mm f/1.8-2.8), along with a NB-13L battery that’s already in use in the PowerShot G7 X Mark II and gives up to 265 shots. Unlike the older version, the Canon PowerShot G7 X Mark III is rumored to be capable of 4K video. None of this has been confirmed, however, so you'll need to take the rumored spec sheet with a grain of salt, but we’re expecting to see the snapper officially revealed at CES in early January 2019 in two color options – black and silver.

Canon PowerShot G7 X Mark III product images surface online

BEIJING, Dec. 17, 2018 /PRNewswire/ -- G7, China's leading Internet of Things (IoT) company, has completed a funding round with US$320 million in October with Total Energy Ventures (TEV) International, Tencent, and GLP, etc. This fundraising set the record in the global IoT start-up sector and has made G7 one of the most valuable IoT companies worldwide. There are currently 220 million unconnected vehicles in Europe alone, and estimated to be 400 million in 2020. Thus, transport mobility becomes a key investment topic of TEV, which includes substantial values in China's Internet of Things sector. Among all the players in the industry, G7 stands out with the largest market share and the most comprehensive portfolio, thus winning the interest of investors. "The new investment in G7 will largely enhance TEV's presence in the fast growing market. We believe there will be important potential value to be unlocked for TEV and G7 catalyzed by this investment," Girish Nadkarni, Chief Executive Officer of TEV said. Based on its proprietary Artificial Intelligence in IoT (AIoT) platform, G7 provides integrated fleet management solutions and services, which cover safety, energy, payments, financing, and Intelligent-equipment-as-service, to logistic enterprises and freight fleets. Together with industry partners, G7 is co-developing autonomous trucking network. Serving more than 60,000 customers and over 800,000 commercial vehicles, G7 is now the world's largest integrated fleet management platform. "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 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. "Artificial Intelligence in IoT (AIoT) is reinventing transportation and logistics equipment. Intelligent equipment and asset-as-a-service are the next big waves. The scale of our data and neutrality of our industry-wide platform are at the core of our competitive edge. We are determined to proactively invest in intelligent equipment and infrastructure so that we will continue to lead the change," said Julian Ma, President of G7. Source: G7

IoT Leader G7 Completes Record-Setting Funding Round of US $320 Million, Global Giants Back the Deal

IoT Leader G7 Completes Record-Setting Funding Round of US …
BEIJING, Dec. 17, 2018 /PRNewswire/ — G7, China’s leading Internet of Things (IoT) company, has completed a funding round with US$320 million in October with Total Energy Ventures (TEV) International …
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IoT Leader G7 Completes Record-Setting Funding Round of US …

BEIJING, Dec. 17, 2018 /PRNewswire/ -- G7, China's leading Internet of Things (IoT) company, announced today 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. 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. 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. 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. Source: G7

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

NIO Capital is a fund established by Chinese electric car company NIO. NIO Capital focuses on investments within the electric and smart automotive sector by leveraging its access to global innovation, a comprehensive market understanding and a strong Chinese and global ecosystem.

NIO Capital

NIO Capital founder , chairman , CEO and NIO Capital 's managing partner William Li said : `` Focusing on mega industries and creating major projects sit at the core of our investment approach and are the driver of our partnership with G7 and GLP .

G7 forms JV with GLP and NIO Capital on autonomous driving electric trucks

Global Logistic Properties is a provider of modern logistics facilities in China, Japan, US, and Brazil. GLP is dedicated to improving supply chain infrastructure for manufacturers, retailers, and third-party logistics companies.

Global Logistic Properties

Bank of China (SSE: 601988) (SEHK: 3988) operates the foreign exchange bank and the international trade bank.

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Why retailers are prioritizing visibility platforms for fleet & freight optimization

As Supply Chain Pressures Mount, These 60+ Trucking Tech Companies Are Reshaping Logistics

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking). 

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We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

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G7 Networks is a logistics big data company providing real-time tracking, analysis, and management of trucking fleets.

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