Cellopark Technologies Overview
Cellopark Technologies provides advanced technology and IoT-based solutions for the public and private parking sectors. The Cellopark system was developed to meet the rising demand for a more comfortable and modern way to pay for parking. The companys system uses cellular technology, which most drivers already own, to make parking fast and easy with its parking payment app. The Cellopark system is a complete end-to-end parking management system designed to integrate seamlessly into any parking ecosystem. The system includes on-street and off-street payment options, hardware, management software, and permit management and infringement solutions. In December 2020, private equity firm Fortissimo acquired the MGAR Group, along with its subsidiaries Prioricity and Cellopark.
Latest News
growth-positive
Cellopark will operate government-run app for electric vehicles
Cellopark Technologies has won a tender from the Ministry of Energy to develop and operate a government-run app that will allow drivers of electric vehicles to locate the closest charging stations. The app will provide information about pricing, availability, and functionality of the charging stations. Cellopark will be rewarded based on the rate of charging stations that join the service. The app is part of the Ministry of Energys effort to establish 2,500 charging stations in Israel. Currently, there are over 350 vehicle charging stations in the country, and more are expected to be built. The collaboration with the Ministry of Energy is seen as a strategic target for Cellopark to expand the electric vehicle market and green transportation.
PartnersCustomers
growth-positive
Fortissimo buys MGAR group for NIS 240m
Private equity firm Fortissimo has acquired the MGAR group, a major provider of services to municipalities in Israel, for NIS 240 million. The acquisition includes subsidiaries Cellopark, a parking payment app, and Prioricity, which provides ERP systems to the municipal sector. Cellopark has a 15% market share in Israel but lags behind its main competitor, Pango. Fortissimos interest in MGAR is mainly focused on the technological side of its business. MGAR was previously controlled by ATE, owned by the Dan David Foundation and founder Eliyahu Houri. Fortissimo Capital is a leading private equity firm in Israel.
Acquisition
growth-positive
Cellopark's New Roadside Assistance Package Available To Parking Customers
Cellopark Technologies, a leader in the mobile parking field in Israel, has expanded its services to offer a comprehensive nationwide roadside assistance package. The package, called Cellopark Premium Rescue, is available for purchase through the Cellopark app and includes services such as flat tire repair, on-site wheel change, battery replacement, and emergency fuel delivery. The service has already added thousands of users and is expected to attract a large portion of Celloparks active users in the future. The roadside assistance package is being offered in partnership with Femi Premium, a management and service company specializing in insurance, medical services, and public projects.
Customers
growth-positive
Cellopark Expands Payment Services to Israel's Largest Hospital
Cellopark Technologies is expanding its off-street parking service to the Shiba Tel-Hashomer hospital in Israel. This marks the companys first hospital location in the central city of Ramat Gan. Cellopark integrated with IPI, Skidatas exclusive distributor in Israel, to allow customers to pay quickly and easily from their mobile phones. The hospital, with over 8,000 employees and volunteers, 4 hotels, 22 bus stations, and 2 shopping malls, has 5,300 parking spots and an estimated 15,000 entries per day. The addition of the hospital to Celloparks portfolio provides thousands of additional parking spots for users, reducing congestion and lineups at payment machines. Cellopark Technologies is an award-winning leader in the global parking industry, offering advanced tech solutions for both public and private parking sectors.
Customers
growth-positive
Cellopark Integrates with Azrieli Mall Car Park in Tel Aviv
Cellopark Technologies has integrated its software into the parking system at the Azrieli Mall in Tel Aviv, allowing drivers to pay for parking via the Cellopark app. The app uses License Plate Recognition (LPR) technology to capture the entrance and exit moments of vehicles, and customers receive a transaction summary as soon as they leave the car park. The integration gives customers more options for accessing and paying for parking at the mall, and is expected to reduce demand at pay stations during peak hours.
CustomersPartnersExpand
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Acquired |
| Rounds | 0 |
| Investors | 0 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | www.cellopark.com/site/ |
| App Store | App Store |
| Google Play | Google Play |
Locations
Sderot Menachem Begin 5, Beit Dagan, Israel
Photos & Videos
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