WASP HK brings in investor Laurinda Ho and acquires Asgard EV for HK$20 million

Hong Kong mobility group WASP HK, which operates the Parking Bees smart parking platform and GoSwap car-sharing service, has brought in Laurinda Ho as a strategic investor. The group has also acquired local EV charging network Asgard EV for HK$20 million, extending its business into the new energy sector.

The deal brings smart parking, car sharing and EV charging under one group, as WASP HK looks to build a more integrated smart mobility and energy network across Hong Kong.

Following the acquisition, WASP HK's operations will cover three core areas: smart car park management, car sharing and EV charging. The group plans to bring the two companies' operational and technical teams together, using shared data to coordinate parking facilities, vehicle allocation and charging services.

The funding will mainly go towards expanding the charging network, developing an energy management system, improving fast-charging technology, and supporting Asgard EV's brand development and market expansion.

Laurinda Ho said in a statement provided by the group that she sees potential in Hong Kong's new energy sector and the growing demand for EV infrastructure. She hopes the investment will help develop a local technology platform focused on smart mobility and urban energy infrastructure.

"This is not just about smart car parks, car sharing or charging stations. It is an urban infrastructure platform that can expand both horizontally and vertically," she said.

GoSwap currently has more than 80,000 local users. Parking Bees also operates over 30 car parks in commercial and industrial areas across Hong Kong Island, Kowloon and the New Territories.

The acquisition will add around 11 EV charging locations to the group's network, along with Asgard EV's charging platform development capabilities.

Asgard EV's chargers are mainly located in commercial buildings, residential developments and car parks. The company offers several user benefits, including one hour of free parking while charging, dedicated access lanes and a limited-time plug-and-charge service.

Asgard EV recently presented its AI-powered commercial charging product, the Asgard Mini Charge, at VivaTech in Paris. Developed by a Hong Kong team, the product uses an Nvidia AI chip and features design work by an Italian designer who has previously worked with CASETiFY. Production and sales are expected to begin in phases from 2027.

WASP HK said it plans to expand into other Greater Bay Area markets, including Macau, following Ho's investment and the acquisition of Asgard EV. It is also exploring opportunities overseas. Details of the investment and rollout schedule will be announced as its plans develop.

Source: WASP HK Press Release

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