Multi-purposemobility hubs allow parking, transportation and logistics tointersect within a smart city environment.
AUSTIN, TX—Recent studies have concluded that more than 25% oftraffic congestion incidences around the world can be attributed tothe scarcity of parking spaces, according toTrafficTechnologyToday.com. The cloud-based parking industry isgrowing more rapidly with the assistance of capital partners.
In fact, today, FlashParking received a $60 million strategicinvestment from private equity firm L Catterton Growth Fund. Theinvestment will be used to scale FlashParking's cloud-based parkingsystem that promotes the evolution of isolated parking assets intoconnected mobility hubs.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
