Etcp
PrivateLast Round
Series B
Oct 13, 2016
Est. Valuation
$1.48B
Total Funding Raised
$280M
Company Overview
ETCP, legally known as Beijing Yue Chang Technology Co., Ltd., is a technology company that has developed a smart parking service platform. Founded in 2012 and headquartered in Beijing, the company provides solutions to urban traffic congestion by allowing car owners to find, reserve, and automatically pay for parking spaces in real-time through a mobile app. The system utilizes big data, cloud computing, and license plate recognition technology to facilitate a seamless, non-cash payment process. ETCP's business model focuses on generating revenue from advertising and value-added services on its platform rather than from the parking fees themselves. The company's services are widely available in major Chinese cities, covering thousands of parking lots in commercial complexes, office buildings, and transportation hubs. It has formed strategic partnerships with major companies like Baidu, Alibaba, Tencent, and Wanda Group.
Sector
Mobility, Transportation & Logistics
Verticals
Property Management, Facility Management, Digital Payments, Computer Vision, Smart Buildings
Business Model
B2B
Customer Profile
Payment Processing Fee, Hardware + Subscription, Subscription SaaS, Hardware Sales, Services & Consulting, Government Contracts
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Etcp Comps
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Etcp Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Oct 13, 2016 | ||||
| Series A | Jun 8, 2015 |
Etcp Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Matrix | Series A |
| Susquehanna International Group | Series A |
| MPCi | Series A |
| Source Code Capital | Series A |
| Dalian Wanda Group | Series B |
Etcp Filings
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|---|---|---|---|---|---|---|
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