Ai Parking completes D+ round of financing, led by China Zhongji Investment
Recently, AIPARK (hereinafter referred to as "AIPARK"), China's largest city-level smart parking platform, announced the completion of its D+ round of financing. This round was led by China Zhongji Investment, with participation from Straits Golden Control. Previously, AIPARK has received strategic investments from Shenzhen Capital Group, Gaorong Capital, NIO Capital, CICC Capital, and other investment funds.
AIPARK has a deep understanding of the differentiated needs and pain points of smart city parking scenarios. It is the world's first company to apply high-level video recognition technology to urban smart parking and static traffic order management, and has built a world-leading smart parking and static traffic order management technology and operation system. Currently, AIPARK's city-level smart parking solutions have been implemented in more than 20 cities, including Beijing, Shanghai, Guangzhou, Shenzhen, Fuzhou, Chengdu, Xining, and Shijiazhuang, and cover more than 2,000 smart parking projects in commercial parking lots in first- and second-tier cities.
As the only AI enterprise certified by the Ministry of Industry and Information Technology in the field of static transportation, AIPARK possesses the full-stack core technology of smart parking systems. It has developed more than 170 independent intellectual property rights in internet big data and intelligent hardware core technologies and patents. It has launched a series of high-tech products and technologies including AIparkSky Eye, AIpark City urban smart parking management system, AIpark Arris open platform, AIpark Brain city-level static traffic dispatch management system, AIpark Commander AI illegal parking management product, and AIpark CityCharge, building a solid barrier with absolute core competitiveness in the industry in terms of hardware, algorithms, data, R&D, and operations.
Relying on its independently built smart parking technology and product system, AIPARK has won widespread social recognition and has become the largest enterprise in the world in terms of the actual application scale of artificial intelligence in urban traffic scenarios.
Wu Fushun, Partner and Managing Director of China Zhongji Investment, believes that smart parking, as an important civil project, is an important part of the country's new infrastructure construction. With the advancement of new infrastructure such as 5G, the Internet of Things, big data, and artificial intelligence, smart parking will have great potential. AIPARK started early and developed quickly, and has accumulated many high-quality successful cases in this field, with high industry barriers and high growth potential.
Yang Xiaoying, Partner and Managing Director of China Zhongji Investment, said that smart cities and smart transportation are areas that China Zhongji Investment pays close attention to. We are particularly concerned about the efficiency improvement and model transformation of urban transportation brought about by AI and big data and other cutting-edge technologies. AIPARK innovatively uses a high-level camera scheme to solve the pain points of government managers' difficulty in collecting parking fees and inefficient management, and brings convenient and smooth parking management solutions to C-end citizens, creating huge social benefits. At the same time, the company's business model continues to be optimized, and the high degree of product reuse has been verified. Functions have smoothly extended from road test parking management to illegal parking management and security management, and from road test public parking management to commercial scene parking management and C-end user operation, with huge imagination space. We remain optimistic about the development prospects of AIPARK as a leading enterprise in China's city-level static traffic management, and look forward to the company making greater contributions to China's smart transportation construction!
