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Parkmobile signs an investement agreement with BMW Group

Published: September 9, 2014 | United States

Parkmobile announced  a substantial investment by the BMW Group in Parkmobile. In addition the strategic integration of BMW Group’s prepaid parking solution ParkNow with Parkmobile was announced. The investment agreement with the BMW Group is pending on approval of relevant anti-trust authorities in Europe. 

ParkNow, currently operating in San Francisco, lets smart drivers find and book off-street parking spots in advance with the mobile app or online. ParkNow not only simplifies the often frustrating task of parking, it also offers added bonuses like discounted parking rates and valet service. The ParkNow solution eliminates wasting time and fuel circling the block, which mitigates traffic, pollution and CO2 emissions. For a better learning, please have a look at this feature video:-

Parkmobile will use the additional funding to further expand its leading global position for on-demand and prepaid payments for on- and off-street parking. Parkmobile’s on-demand mobile payment solution and ParkNow’s prepaid parking solution together will provide consumers around the world with the ultimate customer parking experience. The combined service will soon become available for integration into connected vehicles of all OEMs. Additionally it will be implemented in BMW connected vehicles.

Customers will soon have the opportunity to pay for on-demand and prepaid parking from one mobile app using mobile applications for iPhone, Android, Windows 7, Blackberry and Amazon (soon to come) smartphones. Once registered, they can use a mobile app, the internet, or call toll free to pay for parking. After setting up the account, customers can immediately start using the system with their registered mobile phone. They can also select an option to receive alerts and reminders.

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Source: Parkmobile


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