Grandway Advised Guangzhou Yuntong Intelligent Technology Co., Ltd. on RMB 220 Million in Funding

Grandway Law Offices was engaged by GuangZhou GRG Intelligent Technology Solution Co., Ltd (hereinafter referred to as “GuangZhou GRG”) to provide specialized legal services for its second round of financing.

The signing ceremony for GuangZhou GRG’s second round of financing was recently held at the Guangzhou Science City. Representatives from 12 investment institutions attended, including Guangzhou Industrial Investment Group, ABC International, Chengfa Capital, Guangzhou Financial Holdings, Guangzhou Panyu Industrial Investment, Lingnan Business & Tourism Group, Kejin Holdings, Yintai Fund, Hongtu GRG, Zhonghong Utilities, Yuntian Holdings, and Guangzhou Baocheng.

GuangZhou GRGwas founded in 2016 as a state-owned high-tech enterprise that operates with a market-oriented approach, a team of scientific and technical professionals as its core, and a foundation built on independent intellectual property rights. It is recognized as a national-level “Specialized, Unique and Little Giant” enterprise and the first batch of artificial intelligence companies included in Guangzhou’s registry.

Currently, GuangZhou GRG’s products have been deployed in over 10 countries, more than 40 domestic cities, and over 100 transit lines. GuangZhou GRG has participated in major national projects such as the first smart metro station, the first electronic invoicing system for all ticket types in urban rail transit, the first internet-based cloud ticketing platform, and the first palm-scan payment gate project.

In the field of smart transportation, GuangZhou GRG continues to expand its industry reach, providing solutions such as intelligent airport passenger services, digitized toll plazas for highways, and domestically produced traffic signal control systems for urban roads. With its advanced products and high-quality services, GuangZhou GRG has gradually emerged as a leading enterprise in the rail transit sector, earning widespread acclaim in the industry.

In 2022, GuangZhou GRG introduced strategic investors and implemented an employee stock ownership plan through public listing, securing RMB 94.18 million yuan in its first round of financing. Grandway Law Offices also provided comprehensive legal services. The mixed-ownership reform of Yuntong Intelligent has infused the company with strong internal momentum, innovative capabilities, and openness, facilitating synergistic development between industry and capital.

The proceeds from this round of financing will be utilized to implement the “Smart Big Transportation” strategy, with a focus on advancing research and development of new products in the transportation field, forward-looking technology research, project operations, and attracting high-end talent. This will support GuangZhou GRG in becoming the world’s most capable provider of artificial intelligence-powered transportation system solutions.

The new capital injection will further deepen GuangZhou GRG’s mixed-ownership reform, stimulating corporate innovation vitality and development momentum. It will provide robust financial backing for GuangZhou GRG to continuously consolidate and enhance its market position in transportation scenarios such as smart ticketing, smart customer service, smart fare gates, smart flight information displays, smart security checks, smart highways, and digital intersections. Additionally, it will facilitate the expansion into new domains, technologies, and applications in transportation, strengthen the “AI + Transportation” initiative, and promote the integration of service ecosystems.

This project was led by Grandway partner Lawyer Chen Jun, with team members including Lawyer Li Dan and Lawyer Luo Yingshi.