Yuntong Shuda has completed a Series A financing of 50 million yuan.

36Kr learned that "Yuntong Shuda" announced that it has completed a Series A financing of 50 million yuan. This round of financing was led by Puhua Capital, followed by investors such as the Data Security Fund and Huadan Capital, and existing shareholders like Meiri Interactive continued to increase their investment. The financing will be mainly used for core technology R & D, global promotion of the Digital - Intelligent Green Wave system, in - depth governance of traffic data, and expansion of intelligent connected vehicle scenarios, so as to further enhance the company's innovation ability in the field of intelligent transportation. As of now, the Digital - Intelligent Green Wave system has been put into use in nearly 30 regions including Hangzhou, Wenzhou, Taiyuan, Tianjin, and Baoding. More than 600 digital - intelligent green wave corridors have been built, with a total length of over 1,000 kilometers. The road traffic efficiency has been improved by at least 20%, saving citizens 15 - 20 minutes of commuting time every day.