ParkBee, a Netherlands-founded startup that allows private car parks legalize underused place by making them bookable to the public, has picked up €5 million in recent funding.
The round is guided by German-based Statkraft Ventures, with involvement from prevailing investors. Statkraft Ventures is backed by the Statkraft Group, which declares to be Europe’s greatest generator of renewable energy.
Initially introduced in Amsterdam in early 2016 where it at present has over 60 parking locations, ParkBee tells the new capital will be utilized for further U.K. extension after the burgeoning firm newly brought its contribution to London. It already has nearly 20 private car parks utilizing the startup’s wares in the U.K. capital city.
Particularly, this includes hardware ParkBee had to grow that is modify to a private car park’s existing barrier or security system. Then there is a cloud platform that controls the bookings and unlocking of places and allows the car park owner manage inventory management.
The entire thing is also combined with consumer-facing car parking space booking apps RingGo and Parkmobile, which allows you unlock your booked place.
ParkBee commercial director Wouter de Bruijne tells me, “Parking is an enormous hassle in every large city, and streets are only getting fuller, whilst the parking capacity is there but not yet accessible for the general public.”
He also tells, “It’s hard to believe that there are so many unused parking spaces in London, Amsterdam and almost any large city. The car parks of office buildings, apartment buildings but also hotels, business centres or sport venues have a lot of capacity, usually secure behind a closed speed gate or barrier. ParkBee opens up these locations to the public.”
Moreover, de Bruijne claims there is major upside for landlords and other private car park owners with underused inventory.
He says,”The real-estate sector is always looking for ways to optimise the use of space. We optimise the use of their buildings and provide an additional revenue stream.”
To that termination, the record of private property firms ParkBee is already working with involves JLL, BT and local councils in the U.K.
At the same time, the ParkBee business model is straightforward. The firm shares income generated through employing out each parking place with the owner or at a bigger spot it rents the parking area directly from the owner, therefore taking on a lit more risk. In attachment, the startup divides the fee it charges consumers with RingGo or Parkmobile.
more recommended stories
This cool Rising STAR robot has ‘whegs’ and a turtle gait
A clever little robot made.
Opera becomes the first major browser to introduce a built-in crypto wallet
The Opera Android browser will.
Dialpad announces a $50 million Series D investment
Dialpad recently announced a $50.
Eatigo secures 8 digit funding from TripAdvisor
Southeast Asia based dining service.