Integration with RingGo and Parkmobile app expands the reach of the company to more than 12 million users
Dutch smart parking tech start-up, ParkBee, has raised €5m in venture capital to scale its business in the UK. With a team already based in London, ParkBee intends to expand its London operations, before growing in other UK cities.
This funding round, led by German-based Statkraft Ventures with participation of existing investors, guarantees the UK team will grow from 10 full-time employees to 25 in the coming months.
Statkraft Ventures is backed by the Statkraft Group, Europe’s largest generator of renewable energy.
In London, it is estimated, drivers lose up to 67 hours annually looking for a place to park, while there are more than one million private parking spots that are frequently unused.
ParkBee aims to fix the problem of parking in urban areas using smart technology to make unused parking spaces available to the general public.
“It’s hard to believe that there are so many unused parking spaces in London, whilst parking in London is such a hassle,” said Tom Buchmann, co-founder and managing director of ParkBee.
“In the last two years in the Netherlands, and last months in the UK, we have proven we can open-up these hidden location, that are most of the time behind speed gates or barriers. By partnering with real-estate owners and our integrated solution in the Parkmobile and RingGo app you can now open-up the barrier or speedgate with a click of a button.”
ParkBee said its technology is fully compatible with any parking system and provides seamless entry for the consumer. It installs its smart hardware at the location and, via integrated software, the location can be opened remotely via the Parkmobile and RingGo apps.
According to ParkBee, the real-estate owner retains control and can still manage the availability while it will optimise the occupancy of the location.
“ParkBee is a fantastic example of a company providing a solution to a problem witnessed in many cities and large towns. While populations in numerous cities are becoming more dense, the infrastructure isn’t necessarily in the right state to deal with an increased demand,” added Stefan Hülsen, senior investment manager at Statkraft Ventures.
“By making optimal use of the parking spots that are already available ParkBee opens-up new opportunities to park. ParkBee is a prime example of a company enabling cities to become smarter and fairer, while empowering citizens and businesses to improve and solve a problem.”
Founded in 2013 in the Netherlands by Jian Jiang and Tom Buchmann. ParkBee aims to fix the problem of parking in big cities through technology. The company realised that while a lot of drivers struggled to find a decent parking spot, there were plenty of private car parks in great locations, sitting vacant for long periods of time, that were also not accessible for public use, such as private office car parks, apartment buildings, hotel car parks and shopping centres.
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