The smart parking technology developer has received $42.4m of fresh capital which came two years after a series B round led by Nio Capital.
AIpark, a China-based artificial intelligence (AI)-equipped parking app developer backed by smart electric vehicle manufacturer Nio and environmental engineering firm Sanli, has secured RMB300m ($42.4m) in series C funding.
Venture capital firm Gaorong Capital led the round, which included ShouTaiJinXin Fund’s Changshang Kunzhong vehicle and Zhongguancun Science City Science and Technology Fund.
Founded in 2015 and also known as Aiboche, AIpark uses on-site cameras and AI algorithms to generate car park occupancy data and inform drivers of parking space availability,…
