ParkMobile, the leading provider of mobile payment solutions to municipalities and parking providers, announced a substantial investment by the BMW Group. 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 approval of relevant anti-trust authorities in Europe.
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. To use the new integrated on-demand and prepaid system, customers can download the app, or register for free at www.parkmobile.io or www.park-now.com. 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. For additional information and locations, please visit: www.parkmobile.io or www.park-now.com.
ParkMobile International Holding B.V. is the leading provider for on-demand and prepaid mobile payments for on- and off-street parking. Their services are used in more than 600 locations in the U.S. by millions of registered users. ParkMobile’s investors include Fontinalis Partners, Bluefield Investments, BCD Group, and BMW Group and Urban Mobility (upon closing of the transaction). Fontinalis Partners, with offices in Detroit and Boston, is a venture capital firm strategically focused on Next-Generation Mobility. With annual global revenues of $24 billion, including $9.2 billion partner sales, BCD Group is an international market leader in corporate and online travel, off-airport parking and the mobile parking industry. For more information please visit www.parkmobile.io, facebook.com/Parkmobile or on Twitter @ParkMobile.