Smart Ride (CEO Wooyoung Lee), a digital innovation company in the transportation industry, announced on the 7th that it signed a strategic business agreement (MOU) with parking platform operator iParking (CEO Taenyeon Ha) on August 5th for ‘enhancing smart parking infrastructure for transportation businesses.’
Through this agreement, the two companies plan to pursue cooperation focusing on three key tasks: ▲development of a linkage business between the Smart Ride platform and the iParking parking solution, ▲joint development of smart parking solutions and new services for transportation operators, and ▲service expansion through joint marketing and promotional activities.
The company explained that this agreement goes beyond a simple partnership and aims to combine the technological prowess and operational experience of both companies to drive digital transformation in the transportation industry and innovation in parking infrastructure.
Currently, iParking owns over 9,500 parking infrastructure locations nationwide, while SmartRide operates a management and automation platform for transportation operators. The collaboration between the two companies is raising the possibility of developing value-added services based on garages and unmanned parking infrastructure, as well as creating new business models.
Smart Ride CEO Lee Woo-young said, “By jointly supplying smart parking solutions specialized for the transportation industry, we will be able to contribute to improving operational efficiency and profitability for transportation operators.”
“Based on iParking’s infrastructure and AI technology, we expect our collaboration with Smart Ride to become a new example of digital transformation in the transportation industry,” said Jeong Gyeong-won, head of iParking.
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