Cellopark Technologies

Company Overview

Snapshot

Founded in February 2004, Cellopark Technologies operates with 11–50 employees. The company was acquired by Fortissimo Capital in December 2020, marking a significant exit in the automotive and mobility technologies sector.

Business overview

Cellopark Technologies provides advanced technology and IoT-based solutions for public and private parking sectors. Its core product is the Cellopark system, which utilizes cellular technology to offer a modern and convenient way to pay for parking via a mobile application. This end-to-end parking management system integrates seamlessly into various parking ecosystems, offering on-street and off-street payment options, hardware, management software, and solutions for permit management and infringement. The company operates within the Automotive & Mobility Technologies sector, specifically focusing on Urban Mobility, and serves markets in the United States, Ecuador, Europe, Israel, and Australia.

Strategic signal

In January 2021, Cellopark Technologies was selected to operate a government-run application for electric vehicles, signaling a strategic expansion into the rapidly growing EV market. This move indicates the company's adaptability and potential to leverage its parking management expertise for emerging mobility solutions, positioning it as a key player in smart city infrastructure development.

Company Intelligence Q&A

What is Cellopark Technologies' primary offering?

Cellopark Technologies provides an advanced parking management system that uses cellular technology for convenient parking payments via a mobile application. The system includes on-street and off-street payment options, hardware, management software, and permit and infringement solutions.

When was Cellopark Technologies acquired?

Cellopark Technologies was acquired by private equity firm Fortissimo Capital in December 2020 as part of its acquisition of the MGAR Group.

What was a significant development for Cellopark Technologies in early 2021?

In January 2021, Cellopark Technologies was selected to operate a government-run application specifically designed for electric vehicles, expanding its services into the EV sector.

Which markets does Cellopark Technologies serve?

Cellopark Technologies serves geomarkets including the United States, Ecuador, Europe, Israel, and Australia.

What was a key partnership for Cellopark Technologies in 2018?

In May 2018, Cellopark Technologies integrated its system with the Azrieli Mall Car Park in Tel Aviv, expanding its presence in commercial parking facilities.