Ecaray

About Ecaray

Shenzhen Qianhai Ecar Technology Co., Ltd., which operates under the brand Ecaray, is a specialized provider of city-level static traffic solutions and a smart parking operator in China. The company was established on November 10, 2014, by founder She Zhideng. Ecaray is dedicated to addressing the pervasive issue of urban parking challenges by leveraging mobile internet and big data technologies.

The firm's business model centers on three primary areas: managing and operating on-street parking, creating interconnected networks for enclosed parking facilities, and the construction and operation of electric vehicle charging stations. Revenue is generated through a combination of parking fees derived from joint operations with government bodies, cloud service fees for providing a comprehensive management platform to clients, and income from value-added services, such as directing users to automotive after-market service providers. Its client base includes city governments, traffic management authorities, property developers, and various other enterprises.

Ecaray's core offering is a comprehensive smart parking solution that integrates hardware and software. This includes the 'Bóyún' (泊云) platform for roadside parking management and the 'Mìfēng Tíngchē' (蜜蜂停车 or Bee-Parking) brand for off-street parking garages. These platforms provide functionalities such as locating nearby parking spaces, license plate recognition for gateless entry and exit, automatic fee payment via a mobile app, and real-time billing. The company also provides the necessary infrastructure, including intelligent parking management systems, vehicle detection sensors, and video recognition technology. Furthermore, Ecaray is expanding into the new energy sector by developing and operating EV charging stations and offering related services.