Arrive Mobility News
4 articles
growth-positive
Last-Mile Mobility Company Arrive Acquires Parking Finding Startup SPARK
Arrive Mobility Inc. has acquired sPARK Parking Technologies Ltd., a parking finding startup. The financial details of the acquisition were not disclosed, but the deal was valued at several millions of dollars. sPARK develops an app that provides real-time information about available parking options and offers a pre-booking service for parking spots. Arrive had previously announced its intention to open an Israeli research and development center based on its acquisition of another Israeli parking management startup. Arrive CEO Yona Shtern hinted at more Israeli acquisitions related to smart parking.
Acquisition
growth-positive
CEO of Mobility Company Arrive Shares His Vision of the Future of the Industry
Arrive Mobility Inc., a last-mile mobility company, plans to open an Israeli research and development center in February 2020. The company acquired Tel Aviv-based parking management startup CodiPark Ltd. in 2018, which has helped it transition from a consumer-focused company to an enterprise service provider. Arrives technology is now used by major sports teams, ticketing platforms, connected cities, and automakers. The company has raised $61 million from investors including Jump Capital, Baird Capital, NewSpring, and the Amazon Alexa Fund. Arrive is looking to expand its team and partnerships in Israel and is planning another acquisition related to smart parking. The company also intends to set up a mobility lab in Israel to collaborate with global mobility players.
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growth-positive
Parking Booking App Developer Arrive to Set Up Israel R&D Center
Arrive Inc. plans to expand its activity in Israel by setting up a research and development center in February 2020. The company intends to hire several dozen people in the country in the upcoming year. Arrives initial presence in Israel was through its acquisition of Tel Aviv-based parking management startup CodiPark Ltd. Arrive, formerly known as ParkWhiz Inc., develops mobile apps for pre-booking parking spaces.
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growth-positive
U.S.-Based Parking App Developer ParkWhiz Acquires Tel Aviv-Based CodiPark
ParkWhiz Inc. has acquired parking management startup CodiPark Ltd. The financial terms of the deal were not disclosed. ParkWhiz develops apps that allow drivers to pre-book and pay for parking spaces. CodiPark developed software for parking management. As part of the deal, ParkWhiz will integrate CodiParks technologies into its apps and the CodiPark team will continue to operate as ParkWhizs research and development center in Tel Aviv.
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