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.
Read more about ParkingMyCar and find other important financial news with the Born2Invest mobile app.
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.”
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
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.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Why the Amounts Invested in Belgian Fintech Companies Decreased
In 2023, the Belgian fintech sector has not witnessed any major fundraising events similar to those in previous years, such...
Bitcoin Soars 130% This Year: Will It Reach New All-Time Highs in 2024?
Bitcoin is currently trading within an ascending channel, maintaining support at $35,000, with an upward trajectory towards the psychological resistance...
ALA Diagnostics Opens a New Laboratory in Madrid After Joining BeAble Capital
ALA Diagnostics secured €1.1 million in a financing round in June, supporting its activities in the general laboratory, including Elisa...
Germany Has Finally Legalized Cannabis
Cannabis prohibition in Germany will end on March 1st, and the cultivation ban will follow later. Meanwhile, a field trial...
How Much Do We Know About Sustainability: The ESG Culture LAB Report
From the results that emerge from the Eikon Italia survey, although citizens have only a partial vision of sustainability, more...
Biotech1 week ago
European Patent Office Invalidates Moderna’s RNA Solution
Crowdfunding3 days ago
“People Mobil Herzogenrath” Was Created Through Crowdfunding
Cannabis2 weeks ago
U.S. Giant Constellation Brands Scaling Back Cannabis Investments
Crypto1 week ago
Bitcoin to Pause and Recharge: Florian Grummes Predicts a Brief Respite before the Next Bull Run