FlashParking, announced their $60 million strategic investment from the Growth Fund of L Catterton, the largest and most global consumer-focused private equity firm. The investment will be used to scale FlashParking’s industry-leading extensible, cloud-based parking system that enables 21st-century parking and the evolution of isolated parking assets into connected mobility hubs.
FlashParking’s mobility hub operating system is the connected layer that transforms centrally-located parking assets into multi-purpose mobility hubs where parking, transportation, mobility, and logistics intersect within a smart city environment. FlashParking’s operating system empowers real estate owners, parking operators, and cities to tackle complex mobility issues such as congestion, lack of visibility into supply and demand, and fragmented consumer experiences.
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