sPARK Parking Technologies Ltd.(acquired by arrive) Information

sPARK Parking Tech is a smart parking company, which combines driver's navigation and parking journeys into a unified and seamless experience, while helping all city's parking stakeholders to reach better utilisation of the parking inventory in the city. Approximately 30% of the city traffic is caused from cruising and searching for parking, as a person spends on average 21 minutes looking for parking. Further, the fact, that there are more cars on the street than there are available parking spots, doesn't ease the parking situation. sPARK offers 2 innovative solutions: (1) A best-of-breed parking ranking engine, offered as a recommendation service for the optimal parking of all types (on-street, public parking lots, house-parking rental, airport parking, mall parking, etc) , in all situations (different day, time, location, parking duration, parking availability, traffic, weather, driver's preferences, owned permits and club memberships, municipality's policy, etc). (2) A smart parking finder navigation service, allowing turn-by-turn navigation to the optimal parking, both on-street and off-street, in greater convenience, while also significantly saving time and money. sPARK builds a state-of-the-art parking database, which is based on mapping and analysis of 115 parameters in the areas of parking, road & traffic, weather, user's personal preferences and more. Its integrated platform offers an end-to-end solution for all parties involved in the urban parking process, in B2C: via "Polly - the parking fairy" app, in B2B2C: empowering the digital services of top vehicle and parking players, and in B2G. sPARK is currently active in Israel and France, has raised about 4 Million USD, and is engaged in strategic partnerships with top parking and automotive players in the mission of significant expansion in Israel, France, Spain, Belgium and more. For more information, please feel free to check out our introduction video: https://www.youtube.com/watch?v=YlLEwsPoOQA