Wemolo, a Munich, Germany-based firm offering a parking administration answer, obtained a debt financing from CIBC Innovation Banking.
The quantity of the deal was not disclosed.
The corporate intends to make use of the funds to develop its product portfolio and footprint throughout Europe.
Based by Jakob Bodenmüller, Bastian Pieper and Yukio Iwamoto (CEO), Wemolo is a specialist in digital parking zone administration and optimization. The corporate’s parking administration answer is predicated on laptop imaginative and prescient expertise and automates the processing and billing of parking occasions in paid and unpaid parking areas.
Wemolo’s system permits detailed insights into key efficiency indicators of parking areas, akin to occupancy, peak occasions, or utilisation patterns. The unused parking area can then be made out there to the general public with the reserving platform of Wemolo.
Greater than 2,500 parking tons already use the answer, which processes over 2 million parking occasions every day. The shopper portfolio consists of meals retailers, parking facility house owners, actual property firms, buying centres and cities.
The corporate employs greater than 230 folks at its headquarter in Munich and its different European areas in Austria, Switzerland, Italy, Poland, and Denmark. Wemolo has raised greater than 20 million euros in financing beforehand.
FinSMEs
14/08/2024
