FlashParking Secures $60 Million Strategic Growth Investment from L Catterton

Company to Aggressively Scale Cloud-Based Parking System for Cities and Real Estate Owners to Optimize Value and Tap into the Mobility Ecosystem

FlashParking, the leader in parking technology, today announced that it has received a $60 million strategic investment from the Growth Fund of L Catterton, the largest and most global consumer-focused private equity firm.

The investment will be used to scale FlashParking’s industry-leading extensible, cloud-based parking system that enables 21st-century parking and the evolution of isolated parking assets into connected mobility hubs.

Watch how FlashParking is Evolving Isolated Parking Assets into Mobility Hubs that offer Parking Plus Mobility Services

FlashParking is a best-in-class parking solutions provider with proven technology and an industry-first cloud-based software solution. We are pleased to partner with the FlashParking leadership team to accelerate the Company’s growth and facilitate the delivery of mobility services to consumers and businesses.

Michael Farello

Managing Partner, L Catterton Growth Fund

LIVE WEBCAST
Is Parking Dead? How Mobility Hubs are Reviving Garages

and Unlocking the Smart City

Is Parking dead?

In this 45-minute live webcast, Neil Golson, our EVP of Marketing & Strategic Partnerships, will walk you through the evolving parking asset landscape and the factors at play in the urban core of yesterday, today, and tomorrow.

Not only will he demystify that parking is not dead, he’ll show you why mobility hubs are the key to unlocking the smart city, and what’s your role as an asset owner and operator in this new mobility hub landscape.

Date: Thursday, January 23rd, 2020
Time: 11am CST
Length: 20-minute presentation, followed by Q&A
Audience Who’ll Benefit from Webcast: Real Estate Asset Owners, Consultants, Operators, Architects, and anyone who’s looking for a data-driven overview of the mobility landscape and where they fit in.

With this funding from L Catterton, we’ll be able to quickly scale our Mobility Hub Operating System and become the only company that can turn customers’ parking assets into facilities that enable every facet of mobility, including mobile-enabled parking and valet, staging for TNCs, charging for electric vehicles, cleaning and servicing, drone launching and landing, and points for delivering.

Juan Rodriguez

CEO and Co-founder

The Evolution of Operators into Mobility Hub Managers

We don’t believe mobility hubs will be fully automated. In fact, FlashParking believes that operators will become even more valuable as key managers of connected mobility hubs with FlashParking providing the needed tools and acting as a partner and guide.

With the help of FlashParking’s parking technology, business intelligence engine, and the access FlashParking allows to the mobility ecosystem, operators will be able to focus on long-term strategy, business decisions, and opportunity creation that will help parking assets become indispensable in the new mobility environment.

To learn more about how FlashParking is partnering with operators read our article on Medium“Parking is Key to Unlocking the Smart City.”

Want to see FlashParking in Action? Let us take you for a drive.

See for yourself how easy, intuitive, and powerful our valet and PARCS solutions are.

HEADQUARTERS

FlashParking 3801 South Capital of Texas Highway, Suite 250 Austin, TX 78704

SALES

sales@flashparking.com

800.213.3706

SUPPORT

support@flashparking.com

888.737.7465

© 2018 FlashParking All rights reserved

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