ETCP

ETCP, officially Beijing Chexing Shenzhou Technology Co., Ltd., was established in 2012 and is headquartered in Beijing. The company specializes in smart parking solutions, operating in over 240 cities across China with more than 8,100 partner parking lots.

ETCP's core offering is an unmanned smart parking platform that utilizes toll collection robots, local software, and cloud-based services. This system replaces traditional manual toll booths, enabling fully automated, electronic payment and services at parking facility entrances and exits. The platform is designed to increase revenue for parking operators and improve management efficiency. For car owners, ETCP provides a mobile app that facilitates automatic payment of parking fees. Users can link their credit cards or pre-store funds to pay for parking without cash, aiming for a seamless experience similar to an Electronic Toll Collection (ETC) system. The company has also expanded its services to integrate with the national ETC system, leveraging a large user base of registered car owners and ETC users. The business model involves providing free installation, upgrades, and maintenance of their smart parking systems to quickly expand their network of parking lots. Revenue is generated through service fees from the transactions processed on its platform and potentially from data analytics and other value-added services for businesses in the post-automotive service market.

Keywords: Smart Parking, Unmanned Tolling, Automatic Payment, Parking Management, Cloud Services, Mobile App, ETC Integration, Urban Mobility, PropTech, Transportation Infrastructure