sPARK Parking Technologies

Company Overview

Snapshot

Founded in July 2012 by Zohar Bali, sPARK Parking Technologies operates with 1–10 employees. The company raised $4 million across 6 funding rounds from 8 investors. In March 2020, sPARK Parking Technologies was acquired by Arrive Mobility.

Business overview

sPARK Parking Technologies develops Parking Polly, an application designed to streamline urban parking by providing smart navigation to available on-street and off-street parking spots. The technology leverages extensive parking data, collected independently and through local partnerships, to offer real-time recommendations. The app aims to reduce time and cost associated with parking by integrating features such as pre-booking, seamless carpark access, and phone payments. sPARK is active in Israel and France, serving drivers, municipalities, and smart city initiatives within the Automotive & Mobility Technologies sector.

Strategic signal

The acquisition of sPARK Parking Technologies by Arrive Mobility in March 2020 signifies a strategic consolidation within the smart parking industry. This move allowed Arrive Mobility to integrate sPARK's innovative recommendation engine, combining on- and off-street parking solutions into a single enterprise platform. This integration enhances Arrive Mobility's offering and underscores the market's demand for comprehensive, data-driven urban mobility solutions, validating sPARK's technology and market approach.

Company Intelligence Q&A

What is sPARK Parking Technologies' primary product?

sPARK Parking Technologies' primary product is Parking Polly, a mobile application that provides smart navigation to available parking spots, both on-street and off-street, using real-time data.

When was sPARK Parking Technologies acquired?

sPARK Parking Technologies was acquired by Arrive Mobility in March 2020.

Which investor participated in sPARK Parking Technologies' January 2018 funding round?

Terra Venture Partners participated in sPARK Parking Technologies' funding round in January 2018.

What was the strategic impact of the acquisition by Arrive Mobility?

The acquisition in March 2020 allowed Arrive Mobility to integrate sPARK Parking Technologies' smart parking recommendation engine, enhancing its enterprise parking platform with combined on- and off-street parking solutions.

Which investor participated in sPARK Parking Technologies' January 2017 funding round?

Infra Park and Israel Innovation Authority participated in sPARK Parking Technologies' funding round in January 2017.