Parkmobile, LLC to Establish Center for Parking Innovation in Boston

ATLANTA, Nov. 10, 2014 /PRNewswire/ -- Parkmobile, LLC announced Monday its plans to open its first U.S. - based Parking Innovation Center in Boston during the first quarter of 2015. The center's core mission is to collaborate with other local technology start-ups to integrate the latest technology and tools helping consumers streamline the process of identifying and paying for parking in the greater Boston area. The Boston facility will be the first of a series of new Parking Innovation Centers to be established across the United States, and will also serve as the flagship technology center bringing together Parkmobile's integrated platform supporting on – demand and pre – paid parking, parking reservations, event parking, valet parking, residential parking permits, and deep parking industry and payments integrations.

"Parkmobile has a long history of developing and implementing innovative and agile solutions for parking," said Cherie Fuzzell, Chief Executive Officer for Parkmobile LLC. "The opening of the Parking Innovation Center in Boston signals our commitment to providing our cities and local communities with resources and technology that help to reduce urban congestion and create a model for others to follow. By building this center in the heart of the city, leveraging local incubators' brainpower and ideas, and then bringing these new technologies to the community, we're helping empower the city to become a more prosperous place to live and work."

Parkmobile will leverage its expanding footprint in the Boston area, and its connected car integrations with BMW, Ford, Volvo and other OEM platforms to reduce urban congestion and improve urban mobility. The center will leverage new tools and technologies, including the connected car platforms, beacon technology, license plate recognition and Big Data from emerging city grids, to deploy and test disruptive technologies in the Boston area. Parkmobile's deployable footprint in the Boston area is comprised of tens of thousands of parking spaces, including Harvard Medical School, MIT and Boston University, as well as currently serving Fenway Park, TD Garden and Seaport event venues. Parkmobile serves 12 communities in the Boston area, including deployment of its Click and Park reservation system in the City of Boston. Later this month the company will deploy its on-demand payment solution citywide in Somerville.

In selecting this solution Mayor Joseph A. Curtatone of Somerville remarked, "This is a huge benefit to residents, visitors and our business community, bringing the convenience of different payment options that's already available at multi-space and credit card-accepting meters to every meter in the city through Parkmobile."

Parkmobile's investors include Fontinalis Partners, Parkmobile Group, Bluefield Investments, BCD Group, BMW Group, SP+ Corporation and Urban Mobility. Fontinalis is a venture capital firm strategically focused on next-generation mobility with offices in Detroit and Boston. Ralph H. Booth, II Managing Partner at Fontinalis and Chairman of the Board at Parkmobile, LLC stated, "With all of the unparalleled educational facilities and engagement opportunities in the Boston area, the center will accelerate Bostonians and technology entrepreneurs in urban areas by harnessing the ideas, energy and expertise of local people to create a healthier, safer and more sustainable place to live."

About Parkmobile

Parkmobile, LLC is the leading provider for on-demand and prepaid mobile payments for on- and off-street parking. Their services are used in more than 600 locations in the U.S. by millions of registered users. Parkmobile's investors include Fontinalis Partners, Parkmobile Group, Bluefield Investments, BCD Group, BMW Group, SP+ Corporation and Urban Mobility. Fontinalis Partners, with offices in Detroit and Boston, is a venture capital firm strategically focused on Next-Generation Mobility. With annual global revenues of $24 billion, including $9.2 billion partner sales, BCD Group is an international market leader in corporate and online travel, off-airport parking and the mobile parking industry. For more information please visit www.parkmobile.com, facebook.com/ParkmobileUSA or on Twitter @Parkmobile.

SOURCE Parkmobile, LLC

Related Links

http://www.parkmobile.com

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