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
1 item(s)
Cellopark Technologies Business
Business models
B2B, B2G, B2C
Product stage
Released
Employees
11-50
Sector
Fintech & InsurtechMoney Transfer & ManagementAutomotive & Mobility TechnologiesUrban MobilityTarget Customer
ConsumersTransportation & MobilityDriversCore Technology
Data StorageCloudPlatforms & InterfacesTags (13)
mobile-applicationssmart-cityparkingmobile-paymentspaymentsfintechsmart-mobilitylocation-baseddriversiotelectric-vehiclessoftware-applicationscloud-basedGeographic Markets
United StatesEcuadorEuropeIsraelAustraliaCellopark Technologies Financials
Undisclosed
Total funding
—
Capital raised
Undisclosed
Last funding
Acquired
Funding stage
0
Total rounds
0
Investors
Public Offering / Exit
MNAEvent
Dec 2020
$73M
Cellopark Technologies Lifecycle
All Events
MNAEvent
Dec 2020
$73M
Cellopark Technologies News
8 articles
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
Parking in Jerusalem - Fun In Jerusalem
growth-positive
http://www.jpost.com/Business-and-Innovation/Tech/Israeli-parking-app-coming-to-a-university-near-you-421219
Cellopark, Israels first cellular parking app, is focusing on international expansion by targeting universities as a way to attract municipalities. The company has already won contracts with several Australian universities and is now looking to expand to Europe and the US. Cellopark believes that universities are ideal locations for introducing their app-based payment service. The company has redesigned its app to offer new features and stay competitive in the market. Competition in the parking app industry is fierce, with companies like Pango, Parkwhiz, SpotHero, and Parking Panda as major competitors.
CustomersPartners
growth-positive
Parking app stops fearful motorists overfeeding meters - Government News
Sydney company CellOPark has developed a parking app that allows motorists to pay for the exact number of minutes they park. The app aims to save Australians from overfeeding parking meters and estimates that drivers pay an extra $2 every time they park due to fear of fines. Three Australian councils and three educational institutions have already signed up for the app. CellOParks General Manager believes that parking technology needs to be updated to make it easier and fairer for motorists. The app also provides a more efficient parking enforcement system by scanning number plates instead of relying on paper tickets. The ticketless technology has not resulted in a loss of parking revenue for councils so far.
Customers
Cellopark Technologies Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 38 |
| Team members | 3 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 10 classification IDs that could be used for matching.
Cellopark Technologies Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 94/100 |
| Missing | markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 513513366 |
| Crunchbase | cellopark |
| Phone | +97237187711 |
| Last updater | Orli Wollner |
| Updater email | orlushka@gmail.com |
| Last update | 2021-02-22T00:00:00.000Z |
| Created | 2014-07-08T00:00:00.000Z |
| Status detail | Acquired by Fortissimo Capital on Dec, 2020 |