Parking Cloud, an operator of the parking solution’i Parking’, has attracted 25 billion won investment from NHN Chairman Junho Lee and History Venture Investment. The cumulative investment is KRW 113.5 billion due to the attraction of new investments in 3 years since SK Networks in 2018.
NHN Chairman Junho Lee participated in additional investments after investing 12 billion won with Korea Investment & Securities and IBK Capital in 2017.
I Parking is recording 1 million users a day, the first in the mobility industry, with accumulated parking capacity of 650 million vehicles and daily parking capacity of more than 1 million vehicles.
Parking Cloud, which introduced an AI unmanned parking control system for the first time in Korea in 2015, is expanding more than 100 i-parking zones every month thanks to the non-face-to-face trend. It has built 3650 AI unmanned parking lots in domestic skyscrapers such as Lotte World Tower and Haeundae L City, and landmarks such as E-Mart, KT, Kyobo Tower, Yeouido IFC, and Yeongdeungpo Times Square.
Parking Cloud introduced AI Machine Learning LPR (Vehicle Number Recognition) and connected all i-parking zones nationwide to the cloud. The integrated control center at the headquarters solved on-site issues remotely in real time and regularly updated software for free to continuously improve the vehicle number recognition rate.
In particular, in recognition of the achievement of advancing ICT technology in parking spaces, it is the only parking platform that has signed a partnership with Hyundai Motor Group last year to support parking information and payment services installed in the’In-vehicle Easy Payment System, CarPay’.
Parking Cloud said, “The i-parking AI unmanned parking control R&D capability and nationwide sales network, which has grown to the largest scale beyond the first in Korea, were highly evaluated. We will accelerate the realization of a’smart mobility hub’ that creates added value.”