ParkingMyCar Cashes in €655,000 round Underwritten by MTI Holding

ParkingMyCar, a startup that has developed a web-based platform for booking parking in the port and airport sector, announced in recent weeks a €655,000 investment round, which involved nine investors including MTI Holding, already an investor in the startup, and SICI – Sviluppo Imprese Centro Italia sgr.

Founded in 2019 by Mattia El Aouak, a 30-year-old Perugian of Italian-Moroccan origin, the startup developed its platform with the support of Dinamo Lab, the startup incubator in Città di Castello (Perugia) founded in 2019 by Livio Rotini.

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ParkingMyCar is present in Italy’s main ports and airports

ParkingMyCar offers the ability for users to search for parking spaces near ports and airports, compare prices, and choose the cheapest and closest one in real-time, eliminating traffic congestion, and consequently the pollution caused by the thousands of laps before finding a free spot. ParkingMyCar revolutionizes the world of mobility by connecting the user with all parking services from an intermodal perspective. In fact, the startup has created an innovative ecosystem thanks to which it is able to offer a single solution to the user, who regardless of his or her destination, can book and pay for parking with a single app, also facilitating connections between cities, stations, ports, and airports.

ParkingMyCar, develops technological innovations, which have in Smart Parking solutions the key to initiating efficient paths, capable of generating social, economic, and environmental benefits for all. Therefore, its ecosystem is based on principles that combine research, technology, and sustainability.

To date, ParkingMyCar is present in Italy’s main ports and airports and covers, with its parking services, more than 20 cities throughout the country: the goal for 2022 is to be able to guarantee the provision of city parking services in all cities in the country, and then focus on internationalization.

The new capital will support the startup to better position itself in the domestic market, consolidating coverage in the territory with a view to an upcoming expansion into foreign markets. One of the goals of the capital injection will be aimed at implementing technologies within the IT sector, which is a key sector for ParkingMyCar’s growth. A further goal of the development plan is to increase human capital, thus the search and hiring of new resources to strengthen individual sectors.

Mattia El Aouak, founder and CEO of ParkingMyCar, commented, “We are very proud to have reached this milestone, which is a milestone for us. Thanks to the cash injection we will be able to implement our development plan. We are constantly looking for new talent to join the team because we strongly believe that for healthy growth it is essential to invest in human capital.”

Samuele Mazzini, investor, and CEO of MTI Holding added, “I am very pleased with the developments and successes the company is achieving, both on the technological and commercial side. I am happy to have been among the first to have believed in the potential of the company and its management. It was a pleasure to be able to confirm my faith in the project by participating in this capital increase, which will enable ParkingMyCar to further accelerate its growth process. Getting alongside young, dynamic companies and entrepreneurs with a forward-looking vision gives me great satisfaction and allows me not only to support them financially but especially from a strategic point of view. The new corporate structure sees the entry of a team of people of the highest professional level: I am sure the foundations have been laid for a structured and important growth.”

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(Featured image by moinzon via Pixabay)

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First published in Be Beez, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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