Motorcoach IT solution provider, UBT, raises $4M in investment
Founded in January 2016 with a vision of revolutionizing the motorcoach industry, UBT is committed to providing the most innovative and affordable IT solutions for bus operators.
United Bus Technology (UBT), a leading IT solution provider company for the motorcoach industry, raised $4 million in Series A round. During the press conference on June 19, Tony Wei, UBT's founder and CEO, announced the deal.
"The funding, together with initial $6 million cash investments from our funders will enable UBT to expand its research capabilities and technical team to further drive our products and services," Wei said. The funding is led by DYNC Atlantic Investment, which is very optimistic of UBT's business model and ambitious growth plan.
Ad Loading...
Founded in January 2016 with a vision of revolutionizing the motorcoach industry, UBT is committed to providing the most innovative and affordable IT solutions for bus operators. UBT strives to achieve the highest customer-satisfaction rating in the industry, providing 24/7 customer service and full warranty on hardware and software. UBT's products for bus operators help boost sales, retain customer loyalty, and enhance operational efficiency.
UBT's flagship product, NetBox™, has been deployed to nearly 50 companies in the motorcoach industry and is well received by all. It is the most affordable all-in-one platform developed for bus operators on the market. NetBox™ provides high-speed Internet with MegaWifi, vast movie streaming system with OnCoach Cinema®, and a GPS-based fleet management solution MegaTrac®. UBT also offers many other customer-tailored services such as eLog, IFTA reporting, cloud-based ticketing, and reservation, which is operated by its partner, iLIKEBUS.com, and onsite passenger check-in.
Premiums remain elevated. Underwriting scrutiny is intense. And claims costs continue to rise at historic levels. Behind those numbers lies a complex mix of legal, medical, and cultural forces reshaping the commercial landscape.
The company said it has remained the most widely purchased model in the new coach market across the US and Canada, according to historical data from the Motorcoach Builders Survey conducted by the American Bus Association
A phased approach to technology, in-house capabilities, and workforce investment is helping transportation leaders break the reactive cycle and build more resilient, revenue-focused operations.
The company's flagship H3-45 is also the best-selling 45-foot motorcoach in North America, according to vehicle registration data from S&P Global Mobility (Polk).
METRO’s Executive Editor Alex Roman spoke with Mueller about the opening event, the company’s progress since launching in late 2022, and the road ahead.
METRO Executive Editor Alex Roman presented the award to the operation’s President/CEO Scott Parsons at the United Motorcoach Association’s EXPO in Birmingham, Alabama.
The new facility, spanning more than 43,000 square feet, includes pre-delivery inspection, a large repair, maintenance, and service center, an administrative building, and a dedicated training and delivery center for customers and service partners.
