Miovision raises $260 million in growth funding

On April 17, 2023, Miovision announced that it had raised $260 million in growth funding in a round co-led by TELUS Ventures, Maverix Private Equity and Export Development Canada (EDC).

Miovision is a leading provider of intelligent transportation solutions that enable cities to reduce traffic congestion and vehicle emissions while improving public safety. The company's AI-powered platform helps communities improve traffic efficiency at the intersection and make roads safer for all types of road users - vehicles, bicycles and pedestrians. Miovision is headquartered in Kitchener, Ontario, and has offices in Germany, Serbia and the US. 

Gowling advised Miovision with respect to this funding round with a team led by Todd Bissett and Stephanie Hayes and that included Patrick Chen (corporate) and student-at-law Alyssa Chen.