PANews reported on December 13 that according to official news, the DePIN project Soarchain announced the completion of US$4.5 million in financing, with Taisu Ventures, BlockBuilders, Hyperithm, Plug and Play, Alpha Ventures, QC Ventures, Chorus One, Cogitent Ventures, Evo Labs, and Elevate Ventures participating in the investment.

According to reports, Soarchain is a DePIN project that combines artificial intelligence and modularity. Soarchain integrates users' cars into a secure real-time data network to provide support for advanced applications that improve safety, efficiency and sustainability.