iSmartWays Technologies, an Edmonton-based technology company and a global leader in the connected vehicle (V2X) and transportation technology announces a multi-million Pre Series-A funding agreement with investors SAIC Capital and ChinaEquity Group.

Connected vehicle technology is transforming roads, communities, and personal lives. Using wireless communication technologies to communicate with the driver, other vehicles, roadside infrastructure, and the cloud, connected vehicles allow drivers to reach their destinations quickly, safely and in a cost-efficient manner. With connected vehicles rapidly gaining traction among automotive manufacturers and road authorities, the globally connected car market size is projected to reach over USD $200 billion by 2027.