Parking cloud

Parking cloud


Launch date
Employees
Market cap
-
Enterprise valuation
$498—748m (Dealroom.co estimates Feb 2022.)
Company register number 1018651015
Seoul South Korea (HQ)
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DateInvestorsAmountRound
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N/A

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KRW25.0b

Late VC

KRW148.6b

Series D
Total Funding$146m

Recent News about Parking cloud

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iParking, a brand developed by ParkingCloud, is a South Korean startup that specializes in smart parking solutions. The company operates in the automotive and technology market, providing a seamless parking experience for both everyday users and property owners. iParking's services include the provision of parking control equipment rentals, 24-hour call center support, and unmanned parking operations.

The company's business model revolves around offering a parking system rental service for a monthly fee of 365,000 KRW. This service includes the installation of the parking system, unmanned operation, and real-time remote support. Additionally, the company guarantees 24-hour call center support and after-sales service for five years. Since the launch of this product, iParking has secured contracts with over 1,000 new parking lots within a year.

iParking also offers an app for easy and convenient charging of electric vehicles (EVs), catering to the growing EV market. The app allows users to charge their vehicles anytime, anywhere, enhancing the overall EV user experience.

The company's clients primarily include large corporations and partners who have adopted and are operating the iParking system. The company also serves individual car owners who use the iParking lots and app for their parking and EV charging needs.

Keywords: Smart Parking Solutions, Parking System Rental, Unmanned Parking Operations, 24-hour Support, Electric Vehicle Charging, Parking Control Equipment, Real-time Remote Support, After-sales Service, iParking App, Parking Lot Contracts.

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