Parking solutions startup Park+ to raise over $16 million in Series C round led by Eqip Capital II

Parking solutions startup Park+ passed a resolution on Friday to raise over $16 million in Series C round led by Eqip Capital II, according to Ministry of Corporate Affairs filings.

Park+ provides B2B (business-to-business) establishments and daily commuters with smart, cloud-based automated parking systems.The funds will be used to expand the company’s operations. Park+ recently partnered with Mooving, a provider of battery swapping services. It intends to establish over 2,000 swapping stations in Delhi NCR, Mumbai, and Bengaluru.