Page 10 - Traffic Infra Tech Magazine

NEWS

Get My Parking acquires Constapark

elhi-based Get My Parking, one of
the exhibitor of Parking InfraTech,
Dhas acquired Bangalore based
Constapark. This acquisition is a sign of
consolidation in the rapidly evolving mobility
industry and will help strengthen the domestic
market leadership of Get My Parking.
The acquisition comes on the heels of
Get My Parking’s recent $3 million Series A
funding. Investors who participated in that
round included their existing pre-series A started Constapark, with a desire to solve
investors, IAN Fund, BEENEXT and others. Amazon AWS Mobility Awards 2017 for
the parking problem and Get My Parking Travel App of the Year (emerging).
Talking about the acquisition, Chirag Jain, shares like-minded mission to create GMP provides an interoperable, plug-
CEO GMP, said, “We value the immense sustainable parking ecosystem.” Co-founder n-play platform to parking operators
experience that the Constapark team brings Mehul Pangtey added, “Both the teams are
to the table, especially now that we are aligned on common objective and we are and smart cities. This enables any type
of parking to be digitized and connect
expanding our footprint both domestically glad to consolidate our efforts to achieve to consumer mobility, offering seamless
and globally.” Co-founder Rasik Pansare the same.” parking experience across all touch points.
added, “For any organization, including Founded in July 2015, Get My Parking It now has two projects outside India and
ours, the team forms the core foundation. has digitized more than 300 parking is hiring across technology and business
As such, we are enthusiastic about this locations that process two million parking profiles for international growth. They plan
deal as the Constapark team has a proven transactions monthly. They have done some to be in 16 countries by next financial year.
passion and execution expertise around stellar projects like Maha Kumbh Mela in
Constapark manages 30,000 parking
solving parking.” 2016 where they digitized 400 hectares spots on its platform and parks 4000
Talking about the move, one of the of parking space in Ujjain for 200,000 car vehicles on daily basis across Bangalore.
co-founders Chetan Chauhan said, “We spaces. They were recently awarded the

APCOA Parking enters strategic partnership with Get My Parking to
enhance Smart Parking Portfolio

PCOA Parking, Europe’s leading GMP technology works with existing for the responsibility to assist millions of
parking operator, has partnered barrier technologies in older car parks, European motorists”
Awith Get My Parking to customize eliminating the need to purchase a This partnership is a marriage of
and deploy an open IoT technology that new parking system. And the digital operations and technology expertise,
integrates parking equipment onto a platform’s enhanced compatibility means with APCOA’s experience complimenting
standard, interoperable platform. This that we can launch many new services GMP’s innovation and agility. Leveraging
digital platform will be scaled to all 13 and partnerships in the near future,” said
countries in which APCOA operates more Philippe Op de Beeck, CEO of APCOA this platform, APCOA will also contribute
than 1.4 million car spaces at over 9000 Parking Group. to the smart city ecosystem.
locations. This enable APCOA to provide The proprietary open platform is
the latest consumer solutions such as “We are very excited about this modular and future-proof; Providers
their recently launched mobile app collaboration, as it gives us a huge start of services like car sharing services,
APCOA FLOW, which includes ticketless in growing our international footprint. EV charging and others can be easily
automated access & cashless exit. It APCOA is the undisputed European integrated into the platform. The first
will soon be enhanced by pre-booking market leader and we couldn’t have platform driven cooperation was entered
options and on-street parking payment asked for a better partner to enter the into with Sunhill Technologies GmbH,
functions. western parking market,” said Chirag a subsidiary of Volkswagen Financial
“This strategic partnership enables us Jain, CEO, Get My Parking. Co-founder Services AG (VWFS). Together with
to develop our digital platform and new CMO Rasik Pansare added, “APCOA’s APCOA, they now offer customers of
products very quickly and cost-effectively. scale and size is the dream opportunity all VW Group brands contactless entry
We are therefore in a position to offer for testing our technology expertise. It and exit, as well as automated billing of
our customers additional value: The is an ambitious project & we are ready parking processes in the background.

10 April - May ’18 / TrafficInfraTech www.trafficinfratech-com-500653.hostingersite.com