Maruti Suzuki India Ltd. and IIM Bangalore partner up to nurture 26 mobility startups

California and Tel Aviv, Israel, June 27, 2023 — NoTraffic, the top mobility platform, announced that a USD 50 million Series B funding, led by M&G Investments with participation from VNV Global and UMC Capital, as well as current investors Grove Ventures, Vektor Partners, Next Gear Ventures, North First Ventures, Meitav Investment House, Alchimia Investments, and TMG, had been successfully completed. With the help of the latest round, NoTraffic is able to maintain its current rate of growth while stepping up production, R&D, and sales into new international markets like Japan, Italy, Germany, and the UK.

The $1.2 trillion US infrastructure bill is one reason why NoTraffic’s core infrastructure sector is currently enjoying considerable tailwinds and its most prosperous period to yet. Additionally, a number of structural factors continue to fuel demand for digital transformation in the mobility sector, not the least of which is the urgent need to lower traffic fatalities, ease the 12% annual increase in traffic congestion, and lower CO2 emissions from roads, which account for 29% of all US emissions. With its efficient, useful, and affordable solutions, NoTraffic is well positioned to facilitate this digital transformation.

“NoTraffic is prepared to advance traffic management beyond the limitations of its outdated infrastructure. Similar to how mobile devices upended their fixed line of business, Apple’s AppStore paved the way for a wide variety of fresh applications, business models, and revenue streams. According to Tal Kreisler, co-founder and CEO of NoTraffic, “NoTraffic’s SaaS platform is designed to similarly produce distinctive insights and functionalities that can be flexibly provided to stakeholders without changes to the infrastructure.” “This financing enables the next generation of advanced mobility services to better adapt our infrastructure for the rise of autonomous vehicles and is another step in our mission to revolutionise how traffic is managed.

NoTraffic swiftly converts any signalised crossroads into a dynamic, cloud-connected network that can comprehend the full flow of traffic in any location and instantaneously respond to all motorists. To control traffic flows in real-time, the system combines and shares data provided by NoTraffic’s patented intelligent edge sensors with data from connected and autonomous vehicles (V2X) and other data sources. This technology is helping to change how people communicate with traffic infrastructure and is expected to play a major role in the development of the next generation of mobility.

We try our  best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by! 

Next Article

Previous articleNew York-based cyber insurance startup 1Fort raises USD 2 million in pre-seed round
Next articleKansas-based cybersecurity startup Invary raises USD 1.85 million in Pre-seed funding
Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.


Please enter your comment!
Please enter your name here