Indigo Group, the world-leading car parking & individual mobility group, today announces the launch of a joint venture (JV) with Sunsea Parking, China’s leading parking management company.

The agreement to establish the JV was signed in Paris on March 25, 2019, at the Hotel de Marigny, among other major French-Chinese economic partnerships and in the presence of M. Bruno LE MAIRE, French Minister of the Economy and Finance, and M. ZHONG Shan, Minister at Ministry of Commerce and Industry of the People’s Republic of China.

The JV will invest significant amounts in developing the parking platforms of the future, which will be built to facilitate a range of vehicles including electric and autonomous cars, focusing initially on China before expanding into the broader ASEAN and central Asia market. The JV will focus on the on- and off-street parking markets, establishing long-term contracts with public sector providers and utilizing the combined local expertise, innovation and global experience and scale brought by Sunsea and Indigo. The JV will focus on the on- and off-street parking markets, establishing long-term contracts with public sector providers and utilizing the combined local expertise, innovation and global experience and scale brought by Sunsea and Indigo.