Malaysia-based smart parking solutions provider JomParkir, has announced it has successfully raised an undisclosed amount in a Series A round from South Korean venture capital firm TheVentures.
As part of the strategic collaboration, JomParkir will leverage South Korean technology to be a vehicle-to-anything (V2X) tech company in Southeast Asia, news portal e27 reported on Thursday.
“Our strategic partnership with TheVentures will enable us to enhance our systems and technology in an effort to lead the digitalization of the parking industry in Southeast Asia,” CEO Muhamad Nasir Habizar told the website.
“It would enable us to build the first vehicle data exchange in Southeast Asia, whilst spearheading the parking industry’s transition into adopting the smart city concept. This will bring greater value to all our stakeholders, in particular, state and local councils as we advance into the digitalization of processes and services,” he added.
Founded in 2017, JomParkir provides users with a range of inter-related parking services.
“The time is now to accelerate the adoption of technology in response to the COVID-19 pandemic as the shift towards digitalization is at its peak,” said TheVentures CEO, Chanseong Ho.