Xiamen-based Runming Network Technology, operator of smart parking solution brand Carlinkin, recently announced completion of RMB 8-digit Series A funding led by Star Venture Capital with participation by Yingxin Guofu Investment Management and Shanghai-based Edge Ventures.
Carlinkin was established in 2014 and offers artificial intelligence, Internet of Things, big data, and touchless payment solutions for parking lot operators to support unmanned operations.
Carlinkin's products include smart parking payment hardware devices, toll terminals, and property management software. Vehicle owners can use app and WeChat public account interfaces to access functions for parking billing, renewal payments, navigation, and parking lot location, as well as other value-added services.
Carlinkin's smart parking platform currently covers 30 cities and more than 1,500 parking lots. Monthly transaction volume exceeds 1 mln transactions and the platform handles more than 800,000 total parking spaces.
Carlinkin previously completed angel funding from Unity Ventures and Shanghai-based Eagles Fund.