Tag Archives for: parking reservations

ARRIVE ADDS INNOVATIVE SMART PARKING RECOMMENDATION ENGINE TO ITS INDUSTRY-LEADING ENTERPRISE PARKING PLATFORM, COMBINING ON- AND OFF-STREET PARKING IN A SINGLE SOLUTION

March 05, 2020

ARRIVE ADDS INNOVATIVE SMART PARKING RECOMMENDATION ENGINE TO ITS INDUSTRY-LEADING ENTERPRISE PARKING PLATFORM, COMBINING ON- AND OFF-STREET PARKING IN A SINGLE SOLUTION

Arrive Announces Acquisition of Tel Aviv-based sPARK and Integrates Its Smart Parking Recommendation Engine Into Connected Cars, Fleets, Navigation Platforms, and Voice Systems

CHICAGO, March 5, 2020 — Finding parking is now easier than ever. Arrive announced today that it has added industry-first features to its enterprise parking platform that will radically transform the way we park: a smart parking recommendation engine that suggests the best on-street or off-street place to park and transacts seamlessly using your voice, in-dash system or mobile phone.

Arrive becomes the only parking technology company to integrate a variety of data sources into its platform, including navigation details, traffic, weather, on-street parking prices and availability, dynamically priced off-street parking, and deliver it through a cutting edge recommendation engine for customers. Through the acquisition of sPARK Parking Technologies and their industry-leading technology, Arrive reinforces its position as the leading provider of transactional parking solutions for connected cars, autonomous vehicles, car share companies, and more, and provides drivers an unparalleled parking experience.

“Imagine having a personal assistant who helps you choose and navigate to the best spot while considering price, availability and parking restrictions from among the myriad options in real time. We are making that a reality today,” said Yona Shtern, CEO of Arrive. “We’re thrilled to be the first to offer customers and partners a single source for all types of parking and a profoundly better experience finding, paying for, and navigating to the best space possible in cities across North America. This is a game-changer — not only for our company but for our partners building smart cities and experiences in vehicles that will shape the future of mobility.”

When a driver selects a destination via an Arrive-powered mobile app or website or asks Alexa or other voice platforms to find a parking space near their desired destination, Arrive’s platform will recommend the single best space available in real-time by comparing on-street metered spaces with unmetered blocks and off-street options in a lot or garage. The recommendation provided will vary depending on the day of the week, time of day, how many people are parked in the area, other events happening and more.

Arrive’s recommendation engine will launch first through the ParkWhiz Alexa skill and on the company’s apps in select cities this summer before expanding nationwide. While Arrive had been building and testing a recommendation engine for some time, it is acquiring sPARK, a Tel Aviv-based technology company, to help scale the engine to multiple cities more quickly. On-street parking pricing and availability will be provided by a network of partner companies and providers.

“We’re delighted to be joining Arrive in its mission to transform mobility through its smart, connected parking services. Our team has been focused on making parking easier to find for a long time and we believe our technology and experience will further accelerate Arrive’s evolution into the backbone of urban mobility,” says Zohar Bali, CEO of sPARK.

sPARK employees will join Arrive’s existing team in Tel Aviv at the company’s Global Mobility Lab. Together, they will focus on building and enhancing technology that facilitates the last mile of mobility, including recently launched connectivity solutions that will enable frictionless garage entry and exit at tens of thousands of lots across North America.

About Arrive

Arrive powers the last mile of mobility through smart parking solutions. It offers the only seamless mobility experience that predicts and recommends the best parking solution for any journey. Arrive powers smart parking and other connected mobility services through apps, websites, voice platforms, and in-dash integrations to hundreds of clients including smart cities, automakers, fleets, venues, navigation and voice platforms, as well as to its own ParkWhiz and BestParking consumer brands. For more information, visit www.Arrive.com.

About sPARK

sPARK was founded in 2012 by Eran Balter and Zohar Bali in Israel to address a widespread urban problem: lack of parking in city centers. To address the problem, the company developed a recommendation engine that allows people to easily and efficiently find an ideal parking spot in cities. sPARK’s mobile app, Polly the Parking Fairy, and SDK utilize urban data, statistics, and real-time information to help drivers reduce the time they spend looking for parking, saving them time and money.

BOOKING BEYOND THE WEB – PARKVIA ANNOUNCES 2020 VOICE BOOKING PLANS

January 06, 2020

BOOKING BEYOND THE WEB – PARKVIA ANNOUNCES 2020 VOICE BOOKING PLANS

On the back of its strongest peak period ever, Europe’s favourite airport parking retailer, ParkVia, has announced ambitious plans to evolve its successful e-commerce platform for 2020.

As consumers become more sophisticated with the online shopping experience and demand more from the buying process, creating an additional booking stream was the next logical step in ParkVia’s growth strategy.

Adopting the competitive advantage within airport parking, ParkVia has committed to employing voice booking technology for its users in 2020, enabling it to move further towards presenting the most preferable parking option, first time for each and every customer.

A recent study* found 4 in 10 smart speaker users will regularly make purchases via voice by 2021, as search moves firmly from a place of answers to a state of action.

ParkVia’s Head of Marketing, Ben Fox, said: “Over the past 12 months we have implemented learnings from what consumers across our varying markets expect from us next and have been busy behind the scenes working to bring that to the fore throughout the booking journey. The next logical step for us as a brand is booking beyond the web.

“Until now, voice in the retail domain has been inhibited by an ability to explore; however, advancements in technology and demand from consumers are spurring development in voice adoption and we’re extremely excited about pioneering within the airport parking arena.”

Working collaboratively with its in-house development and analytical teams, ParkVia’s extensive customer dataset has supported the next phase of its digital transformation by integrating NLP (natural language processing) with VUI (voice user interface) to create a new, workable booking solution.

Still in the development stage, customers eager to trial this innovative technology will be able to book their parking across multiple locations worldwide via their Amazon Alexa or Google Assistant later in 2020.

To find out more about ParkVia, please visit www.parkvia.com.

*Reference: https://www.emarketer.com/content/smart-speaker-shopping-gains-traction

About ParkVia 

As Europe’s favourite airport parking retailer, ParkVia is dedicated to connecting the world’s drivers with parking spaces in 43 countries. Its online retail platform allows consumers to book parking as part of their journey, working with both car park operators and travel industry market leaders to ensure that parking is visible at the right time.  

Encouraging its philosophy of ‘Choose parking’, ParkVia believes pre-booking is the key element in the travel process, allowing customers to plan in advance and giving them freedom of choice to select the parking product that suits their specific journey type.  

Founded in 2008, ParkVia has grown in popularity and reputation over the last 12 years, particularly within the wider airport parking sector. As an established partner for many of the world’s leading international airports, ParkVia is able to maximise visibility for official car parks and ancillary products by covering more points of entry with its targeted marketing expertise.  

Today the services of over 2,500 parking providers are promoted to ParkVia’s 3.8m registered users, as well as a large network of partner websites, that includes airlines, travel partners, online travel agents and in-car navigation technology – making it an attractive and lucrative proposition for partners looking to collaborate for white label and in-path projects.  

ParkVia. Choose parking. 

https://www.parkvia.com  

Winner of Queen’s Award for International Trade 

Awarded to ParkCloud 2019

ParkHub Acquires Wireless Carpark, Reaffirming a Shared Commitment to Outstanding Services

December 11, 2019

ParkHub Acquires Wireless Carpark, Reaffirming a Shared Commitment to Outstanding Services

Leading parking technology provider expands client base and appoints Wireless Carpark executives to advisory board

DALLAS, Dec. 10, 2019 — ParkHub and Wireless Carpark have joined forces to consolidate parking technology services across the companies’ combined client base. As part of the agreement, ParkHub will acquire Wireless Carpark’s client relationships, opening up new markets for ParkHub’s services. Additionally, ParkHub has appointed Wireless Carpark’s president, John W. Beyer, and treasurer, Matt Allen, to its advisory board.

“We feel privileged to work alongside John and Matt as we extend the reach and strength of our network,” said George Baker Sr., founder and CEO of ParkHub. “ParkHub and Wireless Carpark were both built on the belief that if it doesn’t work for everybody, it doesn’t work at all. We share a commitment to our clients’ success and the advancement of the industry. Aligned in culture, we are now able to pivot from competitors to collaborators.”

Beyer and Allen are well-positioned to bolster ParkHub’s advisory board. Beyer has over 20 years of experience in software development, system integration, and computer security. His entrepreneurial ventures date back to 2003 when he founded Realized Solutions, Inc. Later, as the founder and president of Wireless Carpark, Beyer took his technologist approach to solve parking industry pains. Allen has worked alongside Beyer as treasurer of Wireless Carpark, as well as vice president and treasurer for Realized Solutions, Inc. His extensive knowledge of software and hardware is coupled with a customer-centric approach.

ParkHub’s subscription-based solutions improve the parking experience and drive revenue with streamlined operations and real-time insight. The company’s clients include professional sports teams, premier entertainment venues, universities, and State Parks, and the technology integrates with major parking and ticketing providers.

The recent transaction marks ParkHub’s second acquisition and fourth major transaction of the year. The company executed a $13-million Series B financing round led by Arrowroot Capital, acquired SpotHero’s mobile point-of-sale division, and secured $5 million in growth financing provided by Bridge Bank. This year, ParkHub also won Parking Today’s Award for Customer Service Excellence, and Baker was honored by National Parking Association as Innovator of the Year.

About ParkHub

ParkHub is a Dallas-based technology company that provides software and hardware services for the global parking industry. The company’s products provide multiple payment options, real-time reporting of parking revenue, support for dynamic pricing, and inventory availability and control. ParkHub technology integrates with many prepaid parking and ticketing providers. Founded by parking industry veteran, George Baker Sr., ParkHub has effectively fast-tracked traditional parking operations into the digital age. For more information, visit parkhub.com.

http://www.parkhub.com

Verra Mobility Partners with Arrive to Improve the Parking and Tolling Experience via App for Drivers

November 20, 2019

Verra Mobility Partners with Arrive to Improve the Parking and Tolling Experience via App for Drivers

PHOENIX, Nov. 20, 2019 — Verra Mobility (NASDAQ: VRRM), a global leader in smart transportation, today announced a partnership with Arrive, the leading parking service provider across the United States and Canada. The new relationship will deliver a user-friendly and more comprehensive mobility solution that conveniently combines tolling and parking into a single intelligent platform for drivers.

“As a company, we pride ourselves on our ability to simplify the growing and increasingly complex mobility ecosystem by creating an all-in-one platform that allows our customers to travel smarter, said David Roberts, president and CEO of Verra Mobility. “With this collaboration, we saw an opportunity to enhance our powerful tolling capabilities with Arrive’s parking prowess – another pain point drivers face.”

This partnership will enable Verra Mobility to infuse all of Arrive’s valuable parking data into a single mobility platform and deliver services through Peasy, Verra Mobility’s pay-as-you-go web and mobile tolling app. This app will now allow users to not only pay for tolls effortlessly, but also to find, book and pay for parking spaces the same way – cash-free and without headaches.

“Drivers and commuters should not have to download several apps to get around cities,” said Dan Roarty, President and COO of Arrive. “We are excited to work with Verra Mobility to integrate our platforms together in their Peasy app and provide customers a greater value.”

About Arrive

Arrive powers the last mile of connected mobility. The company delivers scalable, friction-free parking experiences through apps, voice and in-dash. Its fully integrated platform makes it easy for companies and brands to offer parking as a solution for drivers, fleets and connected vehicles. Millions of people across North America have access to Arrive-powered parking through the company’s distribution partners, including Amazon, Ford, Avis, Hyundai, Honda, TomTom, Ticketmaster/Live Nation, Groupon, and many others, and its consumer brands, ParkWhiz and BestParking. For more information, visit www.arrive.com.

About Verra Mobility

Verra Mobility (NASDAQ: VRRM) is committed to developing and using the latest in technology and data intelligence to help make transportation safer and easier. As a global company, Verra Mobility sits at the center of the mobility ecosystem – one that brings together vehicles, devices, information, and people to solve the most complex challenges faced by our customers and the constituencies they serve.

Verra Mobility serves the world’s largest commercial fleets and rental car companies to manage tolling transactions and violations for millions of vehicles. A leading provider of connected systems, Verra Mobility processes millions of transactions each year through connectivity with more than 50 individual tolling authorities and more than 400 issuing authorities. The company also fosters the development of safe cities, partnering with law enforcement agencies, transportation departments and school districts across North America, operating thousands of red-light, speed, bus lane and school bus stop arm safety cameras. Arizona-based Verra Mobility operates in more than 15 countries. For more information, visit www.verramobility.com.

ParkVia Secures Memmingen Airport Renewal

November 18, 2019

ParkVia Secures Memmingen Airport Renewal

Europe’s favourite airport parking retailer, ParkVia, has agreed a new contract with long-standing German client, Allgäu Airport Memmingen.

Following the airport’s review of its partner network, ParkVia was successfully retained by Memmingen following yet another term of impressive booking growth.

Drivers parking up at Allgäu Airport Memmingen will benefit from a range of onsite options when reserving through ParkVia’s intuitive booking portal.

As well as exposure across ParkVia’s internationally renowned B2C platform, Memmingen Airport’s parking products also benefit from additional streams of marketing through its airline partnerships, notably Ryanair, Wizz Air and SunExpress.

Speaking about the successful six-year collaboration, Valentina Moise, Commercial Director at ParkVia, said: “It’s important that our airport partners feel we strengthen the services they offer and add real value to their customers’ travel experiences, which is why we’re thrilled Memmingen has chosen to continue our collaboration.

“There’s a clear synergy between our shared brand values and we are keen to explore opportunities that will strengthen the partnership in the upcoming contract term.”

The airport, which welcomes 1.5million passengers each year, has plans to expand its runway, as well as further planned developments to its main terminal buildings over the next two years.

To find out more about ParkVia, please visit www.parkvia.com.

ParkVia ® Winner of the Queen’s Award for Enterprise *
55 Spring Gardens, Manchester M2 2BY – UK
www.parkvia.com

The South Terminal at Austin-Bergstrom International Airport Selects SpotHero to Power On-Airport Parking Reservations

November 15, 2019

The South Terminal at Austin-Bergstrom International Airport Selects SpotHero to Power On-Airport Parking Reservations

Latest Partnership Caps a Year of Rapid Growth for SpotHero’s Airport Parking Vertical

Chicago, IL — Nov. 14, 2019 — SpotHero, the leader in digital parking, today announced a partnership with The South Terminal at Austin-Bergstrom International Airport (AUS), giving travelers a simple way to find and reserve guaranteed, affordable, and conveniently located on-airport parking. Adding to nearly 100,000 parking spots serving the top 60 airports in North America, SpotHero is prepared for the busiest holiday travel season in history: last year, a record 112.5 million Americans, roughly one-third of the country’s population, traveled in December—a 4.4% increase from the previous year.

The South Terminal at Austin-Bergstrom International Airport, operated by LoneStar Airport Holdings, marks SpotHero’s first on-airport parking partnership in the United States. SpotHero previously announced an on-airport partnership with Toronto Pearson International Airport in May. Capping a year of significant expansion at airports nationwide, SpotHero nearly doubled its number of airport parking facilities in 2019, and is now offering travelers nearly 100,000 parking spaces at 400 facilities serving 60 airports.

SpotHero’s airport expansion comes at a time when airports across the country are increasingly rethinking and streamlining curbside transportation. In efforts to reduce curbside traffic, a number of airports, including AUS, have already relocated rideshare arrivals and departures to more removed locations. As airports and travelers adjust to the transition, driving and parking at the airport provides a convenient and often more affordable alternative, without adding to congestion in crowded pick-up and drop-off locations.

“With the most expansive network of airport parking options in North America, SpotHero has an unparalleled understanding of the unique challenges airports face, and is the ideal partner to help us improve the parking experience for South Terminal passengers,” said Brooke Dorrien, CFO of LoneStar Airport Holdings. “Together, we’ve reimagined airport parking to save travelers precious time, eliminate the stress and uncertainty of searching for a spot and simplify the air travel experience overall.”

“SpotHero helps simplify parking for millions of drivers each month—and this year, we’ve invested aggressively to build the largest online network of airport parking options in North America,” said Steven Junkins, Airport Supply Lead at SpotHero. “We’re inspired by The South Terminal’s dedication to improving the travel experience by becoming our first on-airport partner in the United States, offering unprecedented ease and convenience to its passengers. We look forward to working together to enhance the travel experience.”

For more information on SpotHero’s airport business, or to book airport parking ahead of your own holiday travel, visit SpotHero.com.

About SpotHero

SpotHero is the digital parking leader and the largest place to buy and sell parking in North America. Millions of drivers use SpotHero’s mobile apps and website to find, book and access parking in 7,000 locations across 300 cities. Leading mobility companies use the SpotHero developer platform to power seamless parking at scale for fleets, connected cars, and urban mobility solutions. For more information, visit SpotHero.com.

SacPark Upgrades Parking and Wayfinding Experience: Partnerships with Arrive, Ticketmaster and Waze Improve Fan Experience

November 07, 2019

SACPARK UPGRADES VENUE PARKING AND WAYFINDING EXPERIENCE

Partnerships with Arrive, Ticketmaster and Waze Improve Fan Experience

SACRAMENTO, November 7, 2019 – SacPark, the City of Sacramento’s parking reservation system, is providing a better parking experience to people attending games, concerts and shows at venues in the city. Through a partnership with Arrive, Ticketmaster and Waze, customers can find, book and pay for parking in advance of the event, and more easily navigate to their destination.

Event-goers can purchase Arrive-powered parking spaces at lots and garages across the city, including parking for Sacramento Kings games and Broadway Sacramento productions. Parking is sold on the City’s website (sacpark.org), the Sacramento Kings website (nba.com/kings), Broadway Sacramento website (broadwaysacramento.com) and the Golden1 Center website (https://www.golden1center.com). Additionally, people can also purchase parking via Ticketmaster at the same time they purchase tickets to games, shows and events.

“We strive to make game day an incredible experience for our fans, from the time they leave their front door to the time they return,” said Kings Vice President of Ticket Operations Jeff Risley. “By working with Arrive, in partnership with Ticketmaster and Waze, our goal is to make the trip simpler, so fans can get to the stadium faster, avoid traffic, and enjoy watching the Kings win.”

Fans attending concerts and sporting events at the Golden1 Center also have access to an enhanced trip planner called GamePlan, Arrive’s integration with Waze. The feature helps fans get to their seats on time, and alleviates traffic and congestion around venues. Anyone who purchases Golden1 Center event parking through SacPark can add the trip directly to Planned Drives in their Waze app and receive an alert when they should depart, along with turn-by-turn directions directly to their parking garage entrance.

“Tens of thousands of people travel to downtown Sacramento venues at the same time to listen to a concert or cheer on the Kings,” said Matt Eierman, parking services manager for the City of Sacramento. “SacPark is a one stop shop designed to make it easier for people to get to where they need to go on time. Our unique partnership with Arrive, Ticketmaster and Waze helps us to achieve our mission.”

“Parking and congestion are consistently cited as the two biggest pain points for fans attending games or events, so we understand that the fan experience starts well before anyone sets foot in a venue and SacPark does just that. We’re excited to work with the Kings and the City of Sacramento to make the journey as seamless as possible,” said Dan Roarty, President and COO of Arrive.

arrive.com

CHAUNTRY INTRODUCES FIRST PARKING PRE-BOOKING PLATFORM FOR THE CONVENTION INDUSTRY

October 28, 2019

CHAUNTRY INTRODUCES FIRST PARKING PRE-BOOKING

PLATFORM FOR THE CONVENTION INDUSTRY

Orlando, FL (October 28, 2019)—Chauntry, the leading provider of parking reservations systems, announced today the introduction of the first parking reservations platform developed specifically for the exhibition and convention industry. Chauntry’s Parkspace Exhibition Platform allows exhibitors and convention attendees to reserve and pay for the closest available parking to their event before traveling to the convention location, eliminating the inconvenience of having to search for a spot. The platform also permits convention administrators to better manage conference attendance.

“The Chauntry Parkspace Exhibition platform is an exciting advancement for the convention industry,” said Theresa Hughes, Chief Executive Officer of Chauntry. “It can be time-consuming and frustrating for exhibitors and attendees to find a parking space close to their show. This is especially important for exhibitors who may have to carry heavy equipment to and from their vehicles throughout the show. Parkspace Exhibition eliminates that stress and frustration by permitting exhibitors and attendees to reserve the closest available parking in advance.”

Chauntry’s Parkspace Exhibition platform manages the entire pre-booking process. When exhibitors and attendees log in the platform asks them to select their event and the days they’ll be attending. The system then recommends the most appropriate location to park, based on the event. The customer then selects his or her preferred location and reserves a spot.

“Parkspace Exhibition helps assure that exhibitors and attendees will have a pleasant and convenient parking experience, but it also benefits conference organizers,” said Hughes. “The platform provides key data about who will be attending the show and when, and that data can be invaluable for managing shows more efficiently.”

Parkspace Exhibition provides parking data that allows conference administrators to keep track of how many people will be attending their convention and when. And because parkers pre-pay for parking online, Parkspace Exhibition can also eliminate the long waits at garage exits that are common at the close of the exhibition day. Finally, Parkspace Exhibition provides long-term cost savings to convention centers by eliminating the need to purchase, maintain, and replace costly parking payment infrastructure.

About Chauntry

Chauntry is the world’s leading provider of parking reservations systems. Founded in 1991, Chauntry pioneered the development of innovative parking reservations solutions, and today the company continues to lead the way with the introduction of valuable new parking reservations products and services. Chauntry can be found online at www.chauntry.com.

PARKVIA’S HAPPY CUSTOMERS DRIVE OVER HALF A MILLION REVIEWS

August 22, 2019

PARKVIA’S HAPPY CUSTOMERS DRIVE OVER HALF A MILLION REVIEWS

Europe’s favourite airport parking retailer, ParkVia, has hit a significant milestone within its business after recording over 500,000 positive reviews from its happy customers.

With a global platform dedicated to satisfying consumer appetite for a more personalised approach to the digital travel experience, ParkVia has utilised its position as an aggregator to successfully grow its online review forum alongside its international network.

Clocking up over half a million appraisals from customers across the globe, ParkVia’s philosophy centres around freedom of choice for its 10m website visitors, with reviews playing a pivotal role in not only assisting customers with purchasing decisions, but also aiding the team in identifying areas of growth and opportunity.

Ben Fox, Head of Marketing at ParkVia, said:

“As a fast-growing online business, customer feedback holds great value within our business, helping us to actively assess users’ booking experiences across our extensive network and supporting new and existing customers with their future travel plans.

“We see the wealth of insight provided by our reviews database as being a strategic asset. Not only do we use this extensive dataset to enhance our own business, but we also mine this significant dataset to support our strategic partners.”

In addition to its own platform, ParkVia has also amassed over 20,000 4 and 5-star ratings on independent consumer review site, Trustpilot.

To further qualify its position as Europe’s number one airport parking partner, ParkVia was recently nominated in the British Travel Awards for Best Airport Provider, which is voted for by customers. To vote for a chance to win prizes, visit: http://bit.ly/2KWjSUS.

To find out more about ParkVia, please visit www.parkvia.com.

About ParkVia 

Founded in 2008, ParkVia has grown in popularity and reputation over the last 11 years, particularly within the wider airport parking sector. As an established partner for many of the world’s leading international airports, ParkVia is able to maximise visibility for official car parks and ancillary products by covering more points of entry with its targeted marketing expertise.

Today the services of over 2,000 parking providers are promoted to ParkVia’s 3.8m registered users, as well as a large network of partner websites, that includes airlines, travel partners, online travel agents and in-car navigation technology - making it an attractive and lucrative proposition for partners looking to collaborate for white label and in-path projects.

ParkVia. Choose parking.

https://www.parkvia.com

Winner of Queen’s Award for International Trade

Awarded to ParkCloud 2019

ParkVia ® Winner of the Queen’s Award for Enterprise *
55 Spring Gardens, Manchester M2 2BY – UK
www.parkvia.com

ParkWhiz Closes Equity Round To Accelerate Growth

September 07, 2018

ParkWhiz Closes Equity Round To Accelerate Growth

NewSpring Leads $20M Round to Expand the Company’s Lead in Last Mile Mobility Services

Chicago, September 7, 2018 – ParkWhiz, the leading transactional platform that delivers scalable, friction-free drive-up and reservation parking services, announced today that it closed $20 million in new funding, as part of its Series D financing. The round was led by NewSpring, a prominent family of private equity funds, with participation from existing investors, including Baird Capital, Jump Capital and Beringea.

The proceeds will be used to continue the company’s rapid growth of its transactional parking network, expand its footprint into new geographies, and further evolve its connected and autonomous technology to better serve drivers, parking operators, and platform distribution partners.

Founded in 2007 and based in Chicago, ParkWhiz provides seamless access to thousands of parking lots and garages in over 190 cities across North America, with hundreds of new facilities joining the network every month. The company uniquely embeds its services directly into the user journeys of more than 300 distribution partners through the ParkWhiz Platform.

Expanding rapidly, the ParkWhiz Platform provides over 40 million consumers with parking reservations and friction-free, drive-up access in garages and lots through sports teams and venues, events, travel providers, airlines, hotels, automotive OEMs, and navigation systems. Partners can offer friction-free, transactional parking as a value-added service provided directly through their own apps, websites, and emails, operated via text, voice command, or embedded right into the vehicle.

Drivers can also find, book, and pay for parking via the company’s top-rated ParkWhiz and BestParking mobile apps and websites.

“Off-street parking is a large, growing market internationally and we are proud to be a leader in the space,” said Yona Shtern, CEO of ParkWhiz. “The rapid adoption of connected and autonomous mobility services coupled with our complementary business models creates an extremely attractive market opportunity for us to expand into and foster new partnerships with consumer brands, parking operators, and asset owners. We’re thrilled to join forces with the NewSpring team as we enter this exciting phase of expansion.”

“ParkWhiz deploys an innovative approach to a frictionless parking experience, having already accomplished impressive growth in its market,” commented Glenn Rieger, NewSpring General Partner. “With strong brand recognition, both among consumers and Platform partners, and an accessible, efficient technology, we believe ParkWhiz is ideally-positioned for continued growth and scale. NewSpring is thrilled to partner with Yona and the rest of the ParkWhiz management team.”

Along with its investment, NewSpring’s Glenn Rieger will join the ParkWhiz Board of Directors.

www.parkwhiz.com

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