Car ownership solutions platform Park+ raised $17 million as part of a Series C led by existing investors

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Car ownership solutions platform Park+ raised $17 million as part of a Series C led by existing investors Epiq Capital, Matrix Partners India and Sequoia India.

Park+ provides car owners with a variety of services such as car parking solutions, FASTag management, paying and viewing challans, car insurance, and locating EV charging stations, among others. The funding will be used by the startup to expand its presence to more than 100 cities by 2023 and to increase its density in existing geographies. Park+ will also use the funds to strengthen its services vertical and develop new business use cases. This year, the funds will also be used to hire 200+ employees in areas such as sales, operations, technology, and business development.

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Car ownership solutions platform Park+ raised $17 million as part of a Series C led by existing investors

Car ownership solutions platform Park+ raised $17 million as part of a Series C led by existing investors Epiq Capital, Matrix Partners India and Sequoia India.

Park+ provides car owners with a variety of services such as car parking solutions, FASTag management, paying and viewing challans, car insurance, and locating EV charging stations, among others. The funding will be used by the startup to expand its presence to more than 100 cities by 2023 and to increase its density in existing geographies. Park+ will also use the funds to strengthen its services vertical and develop new business use cases. This year, the funds will also be used to hire 200+ employees in areas such as sales, operations, technology, and business development.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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