AIPARK closes Series C round led by Gaorong Capital

AIPARK, an intelligent parking company, recently announced the completion of its Series C financing round, raising 300 million yuan. This round of financing was led by Gaorong Capital.

AIPARK, an intelligent parking company, recently announced the completion of its Series C financing round, raising 300 million yuan. This round of financing was led by Gaorong Capital.

AIPARK was founded in 2015. As a global pioneer of high level video parking management technology, the company creates the 5.0 era of smart parking with artificial intelligence technology.

Since its inception, AIPARK has attracted strategic investments from Gaorong Capital, Nio Capital, CICC Capital, Zhongguancun Qihang Capital and other top-tier investment funds. In 2017, Gaorong Capital had invested in AIPARK.

In the past 5 years, AIPARK’s AIPARK City, the city-level smart parking solution driven by the core technology of “AI+IoT+DT”, has been commercially launched in major cities and the company has become the largest enterprise in the world in terms of the practical application of AI in urban traffic scenarios.

Currently, AIPARK city-level smart parking projects have been commercially launched in Beijing, Shanghai, Guangzhou, Shenzhen, Fuzhou, Chengdu, Xining, Shijiazhuang, Handan, Zhangjiakou, Bozhou, Tangshan and other cities.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/30/aipark-closes-series-c-round-led-by-gaorong-capital/.

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