What USPACE Tech Co., Ltd. does

USPACE Tech Co., Ltd. (悠勢科技股份有限公司) is a Taiwan-headquartered smart parking and eMaaS (Electronic Mobility as a Service) platform founded in 2016 by CEO 宋捷仁 (Song Jie-ren). The company operates a two-sided IoT-enabled parking marketplace that allows private parking space owners to monetize idle spots and drivers to locate and reserve parking by the minute, primarily in Taiwan with a Japan beachhead established via subsidiary USPACE Corporation (株式会社ユースペース) in Tokyo around 2020. The company claims ~2,000 managed sites, ~90,000 smart managed spaces, and over 1.4 million verified registered members across the two markets, positioning itself as the largest smart parking platform in Asia and the #1 shared parking provider in Taiwan.

The technology stack combines proprietary NB-IoT smart ground locks (co-developed with China's DingDing Parking and built on Chunghwa Telecom's NB-IoT network), license plate recognition (LPR) systems for commercial building deployments, and a cloud-native mobile application available on iOS and Android in both Traditional Chinese and Japanese. USPACE has expanded the platform into an integrated eMaaS ecosystem through wholly-owned sub-brands: UDRIVE for Tesla EV rentals, Ucharging for EV charging (integrated with the MyCharge network across 13 Costco Taiwan locations at NT$8/kWh from January 2025), USPACE GO (UGO) for airport transfers, UWASH for smart car washing, UCARE for tech insurance (including a co-developed Fubon Parking Insurance product filed with the Taiwan FSC), and ULTRA COATING for vehicle coating services launched in November 2025 at two Taipei-area locations.

Revenue is generated through a mix of transaction commissions on parking, monthly subscriptions (pass.uspace.city), usage-based EV charging fees, rental and airport transfer fees, insurance referral commissions (Fubon, Mingtai), car wash transaction fees, and vehicle coating unit pricing (C1 plan at NT$2,999, full PPF from NT$38,999). The business is primarily consumer-facing and B2B-light, with a small number of commercial building LPR deployments (e.g., Daan MRT Plaza, Shinyasun Building, Xinda Cement Building) and a partner-channel sales motion for charging infrastructure. The company remains privately held and venture-backed, with a single disclosed funding round of approximately $324,000 from Cornerstone Ventures and the National Development Fund of Taiwan Government in April 2019.

Name

USPACE Tech Co., Ltd.

Legal name

悠勢科技股份有限公司

Website

https://uspace.city

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

USPACE Tech Co., Ltd. operates an IoT-enabled shared parking marketplace and eMaaS platform in Taiwan and Japan, serving private parking space owners, urban drivers, and EV owners through sub-brands covering parking, EV charging, rental, airport transfer, car wash, insurance, and coating.

Ownership category

akta.pro rank

Product category

Smart Parking and Mobility-as-a-Service Platform

NAICS

Parking Lots and Garages (812930)

SIC

Services-Automotive Repair, Services & Parking (7500)

akta.pro primary industry

Shared Parking & Marketplace Platforms (B2B/B2C Space Sharing, Aggregators) (TLAJAIAH)

akta.pro secondary industries

Smart Parking Technology Platforms (Occupancy Sensors, Guidance, Reservations, Analytics) (TLAJAIAC), EV Charging in Parking Facilities (Charging Operations, Billing, Load Mgmt) (TLAJAIAF)

Keywords

• Smart parking platform
• IoT parking solutions
• Shared parking spaces
• EV charging network
• EMaaS ecosystem

Headquarters

HQ city

Taipei

HQ country

Taiwan

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Parking Transaction Commission: USPACE earns a commission from each successful parking transaction on its platform. Private parking space owners set their own rates (typically 60-80% below surrounding lots per company recommendation) and share revenue with USPACE. The platform also generates revenue from commercial building parking lots managed via license plate recognition.
2. Monthly Parking Subscriptions: Long-term reserved parking subscriptions for monthly users, providing recurring revenue through the USPACE platform (pass.uspace.city).
3. EV Charging (Ucharging): Electric vehicle charging service operating under the Ucharging brand, integrated with MyCharge network across Taiwan including Costco locations. Revenue from per-kWh charging fees. Pricing at Costco locations set at NT$8/kWh as of 2025.
4. EV Rental (UDRIVE): Tesla electric vehicle short-term rental service providing revenue from vehicle hire. All vehicles are rigorously selected and maintained in optimal condition.
5. Airport Transfer (UGO): Airport pickup/drop-off service generating revenue per ride. Competes on service quality and speed with guaranteed delivery.
6. Parking Insurance Referral (UCARE): Referral and co-branded insurance products including Fubon Parking Insurance (the first in Taiwan) and Mingtai auto/motorcycle insurance. USPACE earns referral fees from insurance partners for policy placements through its platform.
7. Smart Car Washing (UWASH): Self-service and on-demand car washing services. Revenue from per-use fees at self-operated stations and commission from partnered car wash operators.
8. Vehicle Coating (ULTRA COATING): Professional vehicle coating and paint protection film services at dedicated facilities in Neihu (Taipei) and Taoyuan Arts District.
9. Insurance Administration Services: Administered on behalf of insurance partners (Fubon, Mingtai), with USPACE handling customer acquisition and policy management through its platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels9 records

Core offering

USPACE operates an IoT-based shared parking marketplace that connects private parking space owners with drivers via an NB-IoT smart-lock-enabled mobile app, billed in 1-minute increments. The platform has expanded into an eMaaS (Electronic Mobility as a Service) ecosystem that bundles EV rental (UDRIVE), EV charging (Ucharging/MyCharge), airport transfer (UGO), smart car washing (UWASH), parking insurance (UCARE), and professional vehicle coating (ULTRA COATING) into a single mobile platform serving over 1.4 million verified members across Taiwan and Japan.

Product overview

USPACE Tech Co., Ltd. (悠勢科技股份有限公司) operates a platform-plus-modules architecture built around an IoT-powered shared parking marketplace as its core product. The platform provides NB-IoT smart locks and license plate recognition for private parking spot sharing, expanded through sub-brands covering the full electric mobility lifecycle: UDRIVE (EV rental), Ucharging (charging network), USPACE GO/UGO (airport transfer), UWASH (car wash), UCARE (tech insurance including Taiwan's first parking-specific insurance with Fubon), and ULTRA COATING (vehicle coating/wrap). The company holds ~1.4 million registered members and ~90,000 managed parking spots across Taiwan and Japan, positioning itself as an eMaaS (Electronic Mobility as a Service) ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• USPACE Premium: Premium tier parking service under USPACE brand
• USPACE for Business
• eMaaS (Electronic Mobility as a Service)

Products and services

• USPACE Smart Parking (智慧停車 / 共享車位) IoT-based shared parking platform that lets private parking space owners list their spaces (with NB-IoT smart locks or LPR) and drivers search, reserve, and pay for parking by the minute via iOS/Android apps. Available across Taiwan and Japan.
• UDRIVE 電動車租賃 (Tesla EV Rental) Short-term Tesla EV rental service under the USPACE group, with door-to-door delivery and charging included, targeting travelers and commuters seeking electric mobility in Taiwan.
• Ucharging 充電服務 (EV Charging) EV charging service that connects drivers to charging stations across Taiwan through partnership with the MyCharge network (including 13 Costco Taiwan locations), accessible via the USPACE app.
• USPACE GO / UGO 機場接送 (Airport Transfer) On-demand and pre-booked chauffeur airport transfer service, including Instant GO, Chauffeur Service, and Luggage GO options, with guaranteed pickup and drop-off at Taiwan airports.
• UWASH 智慧洗車 (Smart Car Wash) Smart self-service timed DIY car wash system plus on-demand premium hand-wash and steam-wash services, operated from self-operated stations and partner car wash operators, booked via the USPACE app.
• UCARE 科技保險 (Tech Insurance) Insurance brokerage platform offering Taiwan's first parking-specific insurance (with Fubon Insurance), plus auto, motorcycle, and compulsory insurance products from Fubon and Mingtai with bundled USPACE lifestyle perks.
• ULTRA COATING 鍍膜 (Vehicle Coating) Professional vehicle coating (鍍膜) and full-body paint protection film (包膜) service under the USPACE group, using international-grade coating agents and data-driven paint inspection, operating from stores in Taipei Neihu and Taoyuan Arts District.
• USPACE for Business (商用解決方案) Business-oriented parking management solution targeting commercial real estate, corporate fleets, and property management companies, leveraging license plate recognition, IoT integration, and a smart visitor access control system for residential and commercial buildings.
• USPACE Visitor Access Control System (訪客門禁系統 / LPR-based Access) Smart visitor access control system using license plate recognition and IoT integration to manage vehicle entry/exit and visitor parking at residential and commercial buildings, integrated with online payment.

Quantifiable outcome

• Nearly 90,000 smart managed parking spaces across Taiwan and Japan
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

26 partnerships are on record, tiered core and minor.

• MyCharge (美朋科技)coreStrategic or Co-development Partner · 1 December 2024MyCharge operates the EV charging network integrated with USPACE's Ucharging service. As of December 2024, 10 Costco locations launched with MyCharge charging, expanding to 13 paid locations by January 2025.
• Reality Management (リアリティコンディションマネジメント)coreStrategic or Co-development Partner · 7 November 2023Partnership with Reality Management, a real estate company focused on Kyushu region, to expand IoT parking in Japan. This is a key strategic partnership for USPACE's Japan market entry and regional coverage expansion.
• Fubon Insurance (富邦產險)coreStrategic or Co-development PartnerCo-developed Taiwan's first parking insurance product (富邦產物汽車停車保障保險). Covers vehicles in USPACE-owned facilities for collision, fire, theft, glass damage, and provides substitute vehicle compensation. Products filed with Taiwan FSC (商品文號:114.0004154, 114.0004155).
• Mingtai Insurance (明台產險)coreGTM or Marketing PartnerCo-branded auto and motorcycle insurance promotion where Mingtai policies purchased through USPACE links reward customers with USPACE parking, car wash, airport transfer, and EV rental vouchers worth NT$1,500 (auto) and NT$1,200 (motorcycle).
• DingDing Parking (丁丁停車)coreTechnology or IntegrationOriginal strategic technology partner that licensed smart lock chip technology to USPACE. The two companies co-developed improvements to the smart lock chip. This IP partnership was foundational to USPACE's hardware capabilities.
• Chunghwa Telecom (中華電信)coreTechnology or IntegrationNB-IoT network infrastructure partner. USPACE NB-IoT smart locks transmit parking space information in real-time to Chunghwa Telecom's IoT platform for processing. Security for the IoT system is also managed by Chunghwa Telecom.
• TeslaminorStrategic or Co-development PartnerUSPACE hosted Tesla's 50th Supercharger celebration event and partnered with Tesla for EV charging promotions. Tesla owners received free charging benefits and UDRIVE rental promotions at USPACE locations.
• JOWUAminorGTM or Marketing PartnerJOWUA EV accessories brand partnered with USPACE for Tesla owner promotions and free charging benefits at USPACE locations.
• iJoGo (愛就夠公益網)minorGTM or Marketing PartnerCharity platform partnership through the '揪福志工車隊' (Volunteer Driver Team). USPACE provides transportation support for charity events, and iJoGo facilitates volunteer driver coordination for social welfare activities.
• Tasa Meng Duty Free / 采盟免稅店minorGTM or Marketing PartnerCross-promotion with Tasa Meng Duty Free at Taiwan Taoyuan International Airport. USPACE members can redeem NT$300 duty-free shopping vouchers via the Tasa Meng app using code 'UGO300' (for the Feb-June 2026 campaign period).
• DeZhu Group / 德築集團 (HA house)minorStrategic or Co-development PartnerLifestyle villa partnership offering USPACE members exclusive discounts on HA house vacation rentals in Yilan. Members receive complimentary nights and NT$4,000 discounts on two-day-one-night stays. UDRIVE EV rentals are integrated with the experience.
• Google Play StoreminorChannel Partner/ Reseller/ DistributorAndroid app distribution channel for USPACE Japan and Taiwan apps.
• Apple App StoreminorChannel Partner/ Reseller/ DistributoriOS app distribution channel for USPACE Japan and Taiwan apps.
• Bankee (遠東商銀)minorGTM or Marketing PartnerBankee credit card partnership offering NT$800 in parking vouchers to new cardholders who apply via USPACE links and spend within 30 days of card approval. Also offers 10% cashback on delivery and 20% on transportation spending.
• 時間到府 (Time-to-Your-Door)minorStrategic or Co-development PartnerMobile car washing partner for the UWASH service, providing professional on-demand car washing at USPACE parking locations.
• FunNowminorGTM or Marketing PartnerLeisure/entertainment cross-promotion partner within the 優享同樂會 campaign. FunNow users receive exclusive discount codes via USPACE.
• Pocket Securities (口袋證券)minorGTM or Marketing PartnerFintech cross-promotion partner within the 優享同樂會 multi-brand campaign. New account holders receive fee offset benefits.
• WeMo ScooterminorGTM or Marketing PartnerScooter-sharing cross-promotion partner within the 優享同樂會 multi-brand campaign. WeMo PASS 1-month trial and ride discounts offered to USPACE members.
• LUGGAGENT (行李特工)minorGTM or Marketing PartnerLuggage service cross-promotion partner within the 優享同樂會 campaign. Special rates for USPACE members.
• goodnightminorGTM or Marketing PartnerSocial app cross-promotion partner within the 優享同樂會 campaign. VIP membership trial offered to USPACE members.
• 遠傳friDay影音minorGTM or Marketing PartnerVideo streaming cross-promotion partner within the 優享同樂會 campaign. USPACE members receive 15% discount on first 3 months of 影劇暢看 subscription.
• ZipcarminorGTM or Marketing PartnerCar-sharing partnership offering USPACE members exclusive Zipcar discount codes.
• 永固便利停車場 (Yonggu Convenience Parking)minorChannel Partner/ Reseller/ DistributorFeatured parking partner network covering 24 locations across Taipei and New Taipei areas (Nangang, Neihu, Xizhi, Xinzhuang, etc.). Offers license plate recognition and auto-payment without tickets.
• Check inn (雀客旅館)minorGTM or Marketing PartnerHotel partnership offering Check inn accommodation discounts for USPACE members (92折 exclusive code), and parking vouchers for guests at 15+ Check inn locations across Taiwan.
• CARPOSTminorGTM or Marketing PartnerUsed car marketplace partnership. CARPOST buyers and sellers using referral code 'Uspace#1' receive NT$5,000 in USPACE parking credits.
• Costco (好市多)coreStrategic or Co-development PartnerCostco Taiwan hosts MyCharge EV charging stations at 13 Costco locations across Taiwan, integrated with USPACE's charging service. Free charging through December 2024, then NT$8/kWh from January 2025.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• JustPark: UK-headquartered peer-to-peer and B2B parking marketplace that connects private space owners with drivers via an app-based booking platform. Highly comparable to USPACE's core shared parking marketplace model in Taiwan and Japan.
• ParkWhiz: North American parking reservation platform acquired by SpotHero that enables drivers to find and reserve parking spaces in advance. Directly comparable to USPACE's booking and reservation functionality for both private and commercial spaces.
• SpotHero: US-based parking marketplace aggregating off-street and event parking inventory for driver booking via app. Operates in a similar two-sided marketplace fashion as USPACE but focuses on commercial garages rather than IoT-equipped private spaces.
• Turo: Peer-to-peer car sharing marketplace, most comparable to USPACE's UDRIVE Tesla rental sub-brand. Both operate app-based vehicle sharing with insurance and verification layers; Turo is the global category leader that USPACE's UDRIVE competes against in concept.

Emerging players

• Honk Mobile: North American app-based parking payment and reservation platform for on-street and off-street parking. Comparable to USPACE's per-minute billing and reservation technology for shared spaces.
• Getaround: Peer-to-peer car-sharing platform with instant booking and IoT-enabled vehicle access. Comparable to UDRIVE's short-term EV rental offering, though focused on short-term car sharing more broadly rather than Tesla specifically.
• ParkBee: European digital parking platform that converts underutilized private and commercial garages into bookable parking via app. Highly comparable business model to USPACE's commercial building LPR and shared parking offerings in dense European cities.

Broad incumbents

• Zipcar: Largest established car-sharing platform in North America and a current USPACE partner. Comparable to UDRIVE in vehicle rental model, but Zipcar operates its own fleet rather than a peer-to-peer marketplace and has incumbency advantages in corporate and university segments.
• APCOA Parking: Europe's largest parking operator managing thousands of off-street facilities with digital payment and reservation capability. Represents the scaled incumbent model that USPACE's commercial-building LPR deployments compete against for enterprise parking contracts.

Others

• ChargePoint: Largest independent EV charging network globally with a software platform for locating and paying at stations. Comparable to USPACE's Ucharging service which integrates the MyCharge/Costco network into the same app.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/UspaceTech
• Instagraminstagram.com/uspace.tw
• LinkedInlinkedin.com/company/uspace-tech

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about USPACE Tech Co., Ltd.