A company named Veniam has announced that with the help of True Ventures, it has raised about $4.9 million dollars for a project that will turn buses into Wi-Fi hotspots. This technology has already been introduced in the public bus system in Portugal and the company noted that about 75 percent of passengers use the new technology. With the new capital raised for this project, Veniam hopes to install even more hotspots worldwide.
Veniam’s goal is to bring wireless connections to the public through transportation systems and to provide users with a stronger internet connection.
“In short, Veniam wants to turn fleets of vehicles, public or private, into live networks, that both bring folks online without being dependent on cellular networks. It also wants to use its network to collect reams of data. That data may itself be a greater opportunity for the firm — imagine being able to track every bus and municipal vehicle at all times, keeping tabs on traffic information, and so forth,” according to the company.