Ubo is a Beijing based valet parking app that is trying to help drivers who need to park in the city. They recently raised $900K to put towards their efforts. This funding round was led by HGDS Capital and will be used to expand Ubo’s operations to include all of downtown Beijing, as well as all hospitals and airports that service the city. The Ubo app, which is available for both iOS and Android, will first direct you to an Ubo service station. From there, a valet will drive you to your destination, then safely park your car in one of their 500 designated spaces, until you need to be picked up. Upon parking the car, the app will notify the owner, send a picture of the parked car, and record the mileage (just in case you’re worried the valet is taking your car out for a joy ride). The valets are also equipped with GoPro-like cameras so that the entire process, from the moment they enter the car, to when they park it, is recorded. The service costs $3 per valet service plus $1-2 per hour for the parking space. There’s also a monthly membership option for $150 per month. Ubo launched in 2014 and the app was developed by graduates of Tsinghua University. This second round of funding brings their total funding to $1.42 million.
