Tencent backed parking service platform Parkbees secures Series A+ for IoT development, & more

Car parking service platform Parkbees receives USD 5.9 million for Series A+


Founder: Xu Zhideng

Founded in: 2015

Financing status: RMB 40 million (USD 5.9 million) Series A+ round in 2017

Car parking service platform Parkbees on Tuesday received USD 5.9 million for its Series A+ financing round to combine car financial services with its platform.

Parkbees is a car parking service platform that operates a car parking app and other car related services. It reconstructs the entrance and exit of parking lots, and combines it with the Internet so that managers can monitor the parking lots in real time. It also integrates information and data of the parking lots in cities on its app, which helps users search available parking spaces nearby easily. Automatic deduction of parking fees based on license plate recognition technology can also be done on the app.

Founded in 2015 in Shenzhen, it has 12 offices throughout China and its car parking service covers more than 150 cities in China with over 1 million parking spaces which are under its management. To date, it has accumulated more than 10 million users on its app.

For further development, it aims to develop IoT (Internet of Things) technologies into the parking service industry. Besides providing management solutions for parking lots, it also combines its parking service business with the construction of electric vehicle charging piles, the operation of closed parking lot networks, and so on.

Parkbees previously secured financing funds from Tencent, and this Series A+ financing round was led by Sunrise Capital Partners. The capital will be used to do more research and development in IoT technologies, as well as expand its business to car rental services, car financial services, and some other car related services to expand its marketing plans.

Car rental service platform Guancar receives undisclosed angel round in millions of USD

Photo from 888pic.com
Photo from 888pic.com


Founded in: 2015

Financing status: 2017 Series A+ round amounting to tens of millions in RMB (a few million USD)

Car rental service platform Guancar on Tuesday received an undisclosed angel round in millions of USD to recruit new talents to build a larger technology team.

Guancar is a car rental service platform that integrates car rental services with financial and after sales services. For its car rental services, it enables customers to rent cars for one to three years, and customers can choose to buy the car thereafter, with the rental fees to be counted towards payment installments for the car.

For its after sales service, the company has set up maintenance sites across China – some of which are Guancar’s own maintenance sites and some other maintenance sites which were set up in collaboration with other auto companies. Its maintenance sites have two features. The first is that its price must be lower than other maintenance sites within 5 kilometers. The second is that its service must extend to the auto 4S shop. Most of its users are acquired in this way.

Its service was launched in 2015. Currently, users can download its app to place orders online, as well as complete payment on the app. So far, it has reached a partnership with 103 car related businesses across China including auto 4S shops, car dealers, and maintenance stations.

This angel financing round was led by Plum Ventures. The company plans to use the fund to recruit new talents for its technology team’s expansion. Moreover, it will invest more on its branding to acquire a larger influence in the car rental industry.

(Top photo from 888pic.com)

Kaikai Shi

Kaikai Shi writes for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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