5 years ago

YourParkingSpace Raises £5 Million to Expand On-Demand Parking Platform

  • YourParkingSpace, a UK-based on-demand parking platform and provider of intelligent parking solutions, has secured £5 million in funding from Pelican Capital

  • The company plans to use the funds to further develop its technology, create 40 new jobs, and expand its services to new commercial customers

  • YourParkingSpace's technology and data are already being used to inform operators of the optimum location and models for EV charging points, with future opportunities being explored within the last mile delivery, dark kitchens, and micro-mobility spaces.

      • ProblemTechnology

      "Finding parking in busy cities is a nightmare, wasting valuable time and money. Drivers often end up paying extortionate prices for short-term parking at overcrowded car parks."

      Solution

      "YourParkingSpace provides a platform that connects drivers with available parking spaces, from individual homes to businesses like Tesco, Morrisons and Premier Inn. It uses technology and data analytics to optimise space utilisation and offer users a convenient and cost-effective way to park."

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