COMPANY PROFILE
Quick Facts:
> 800 million vehicles are on the road today; 2 billion are projected by midcentury.
> Drivers looking for parking spaces generate 28-45% of urban traffic congestion.
> Implementing efficient parking systems reduces congestion and environmental impacts on cities.
> Parkmobile is in major metropolitan markets across the U.S., including New York, Boston, Washington D.C., Atlanta and Seattle.
Parkmobile
Parkmobile provides end-to-end solutions for electronic parking, including mobile parking payment systems and digital parking permits. Pay by phone parking increases revenue for cities and private parking companies, reduces costs and is more convenient for consumers. With millions of registered users and installations in more than 200 locations around the world, Parkmobile is the world’s largest digital parking company.
While there are several companies that offer either pay by phone parking or digital parking permits, Parkmobile is the leading company that provides both systems using one centralized database. Parkmobile has also led the industry with several pay by phone and digital parking permit innovations, including launching the first parking payment mobile app.
Since Fontinalis Partners’ investment, Parkmobile has expanded into many new markets and is now in the city of Washington D.C., Boston’s MBTA, New York City’s MTA parking systems, the city of Houston, the city of Indianapolis, Denver’s RTD, and select Chicago Metra and CTA stations. Fontinalis and Parkmobile are working together to continue to grow the company and are focused on bringing Parkmobile to more major cities throughout the world.
