JomParkir, a startup providing smart parking solutions in Malaysia, has secured an undisclosed amount in Series A round from South Korean VC firm TheVentures.
As part of its strategic collaboration, JomParkir will capitalise on Korea’s advanced technology to be a vehicle-to-everything (V2X) tech company in Southeast Asia.
“Our strategic partnership with TheVentures will enable us to enhance our systems and technology in our efforts to lead the digitalisation of the parking industry in Southeast Asia,” CEO Muhamad Nasir Habizar said.
“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 a particular state and local councils as we advance into the digitalisation of processes and services,” he added.