FlashParking Inc. and Arrive Mobility Inc. are merging in a combination that creates an end-to-end touchless, digital mobility platform. The combined entity will offer B2B and B2C seamless digital parking solutions in North America.
By merging, FlashParking and Arrive says they will ‘provide a digital platform to help asset owners and operators maximise asset value, diversify revenue, integrate into smarter cities, and drive demand to their assets’.
Dan Sharplin, CEO of FlashParking, says: “We have seen first-hand the devastating effects of the pandemic on the parking industry. A key component to recovery is deployment of cloud-based, future-ready technologies that allow asset owners and operators to modernize and diversify their business model with the addition of mobility services.”
He adds: “But more importantly, they need a single, comprehensive system of record to digitize their operations and the customer experience. With Arrive’s consumer-facing mobile apps and integrations, their demand network with millions of users, and a robust layer of digital services, all integrated in the FlashParking operating system, that is now possible. Through this unique combination, FlashParking and Arrive will offer the connective tissue between the parking industry and the future of mobility.”
Yona Shtern, CEO of Arrive, states: “For years, FlashParking has been an invaluable technology partner in our mission of delivering best-in-class last-mile mobility solutions to consumers. With the parking industry at an inflection point and market and consumer demands evolving, we are in an ideal position to meet those needs by merging our two technology platforms into a single comprehensive platform, which spans across the entire customer journey. It is incredibly exciting.”
Chicago-based Arrive has raised more than $60 million in funding to date from backers like Amazon’s Alexa Fund, NewSpring and Jump Capital.