EasyPark Group Acquires Parkopedia to Create Comprehensive Mobility Platform
TL;DR
EasyPark Group gains global payment capabilities and data aggregation through strategic acquisition of Parkopedia, enhancing driver experience and industry leadership.
The acquisition of Parkopedia provides EasyPark Group with advanced in-car data integration and payment technology, enabling seamless driver journey and global mobility solutions.
EasyPark Group's acquisition of Parkopedia aims to make cities more livable by providing data-driven insights to shape mobility policies, improve urban spaces, and enhance global mobility.
Parkopedia's detailed parking maps and algorithms help drivers and self-driving vehicles navigate to open parking spaces indoors, enhancing convenience and efficiency in urban areas.
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EasyPark Group has completed its strategic acquisition of Parkopedia, a global leader in connected car services and mobility data aggregation. The merger aims to create a seamless, end-to-end driver experience by combining advanced in-car data integration, payment technologies, and digital parking solutions.
Cameron Clayton, CEO of EasyPark Group, highlighted the significance of the acquisition, emphasizing that the combined capabilities will address the entire driver journey. By integrating Parkopedia's technology with EasyPark's existing digital infrastructure, the company can now offer more comprehensive mobility services across multiple platforms.
The acquisition represents a significant advancement in mobility technology, enabling enhanced services for drivers, automakers, and municipalities. For drivers, the integration promises more streamlined experiences in parking, electric vehicle charging, fueling, and toll payments. Automakers will benefit from expanded service capabilities across diverse vehicle types and customer profiles.
Municipalities stand to gain data-driven insights that can help shape transportation policies and optimize urban space utilization. Eugene Tsyrklevich, Parkopedia's Founder and CEO, described the merger as a transformative moment for data-driven mobility, highlighting the potential for accelerated innovation and service delivery.
The transaction, supported by investment firms Vitruvian Partners, Verdane, and Searchlight Capital Partners L.P., builds upon a decade-long collaboration between EasyPark and Parkopedia. While financial terms remain undisclosed, the acquisition positions EasyPark Group as a significant player in the global mobility technology landscape.
With a presence in over 6,000 cities across 80 countries, EasyPark Group continues to expand its technological capabilities, most recently through this acquisition and its January 2025 purchase of Flowbird. The company's strategic approach aims to create a comprehensive mobility platform that leverages technology, data, insights, and user-centric design.
Curated from 24-7 Press Release
