The smart parking technology developer has received $42.4m of fresh capital which came two years after a series B round led by Nio Capital.

AIpark, a China-based artificial intelligence (AI)-equipped parking app developer backed by smart electric vehicle manufacturer Nio and environmental engineering firm Sanli, has secured RMB300m ($42.4m) in series C funding. Venture capital firm Gaorong Capital led the round, which included ShouTaiJinXin Fund’s Changshang Kunzhong vehicle and Zhongguancun Science City Science and Technology Fund. Founded in 2015…

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