Ubo operates a parking-valet app in Beijing that connects users with valets at service stations who drop off cars at parking spots. The service charges $3 per valet, $1–$2 per hour for parking, and offers a $150 monthly flat rate. The company reports 10,000 active users, 65% of whom use the service more than once a month. Ubo has signed exclusive contracts for 500 parking spots and currently runs nine service stations, with plans to expand to 15 by the end of the month. Employees use body cams and smartphones to record the parking process and take photos and mileage on drop-off to protect users and the company. Ubo aims to extend service stations into more business districts and areas around hospitals and airports, and plans to expand to Shanghai and Chengdu after closing a Series A.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2015