Get My Parking, Mobility startup raises $6M from IvyCap Ventures and IAN Fund

Get My Parking (GMP) a Bengaluru-based mobility and brilliant parking startup on Thursday said it has brought Rs 43 crore up in a crisp subsidizing round drove by IvyCap Ventures. Existing financial backer IAN Fund likewise took part in this round, while Masterkey Holdings filled in as the venture financier.

The startup will utilize the new assets to scale its IoT stage and expand its impression in the US, LATAM, and Australian business sectors. GMP likewise plans to utilize the capital for employing and growing its group, with an attention on designing and item offices.

Established in 2015 by Chirag Jain and Rasik Pansare, GMP’s open IoT stage is a start to finish advanced empowering agent for parking administrators and office chiefs all throughout the planet. It enables them to offer their end-purchasers online revelation and exchange ability.

The startup’s innovation redesigns actual parking parts into computerized mobility center points with contactless access and credit only installments. Until now, Get My Parking has digitized more than 3,000 parking parcels across India, Europe, and the US.

Talking about the new turn of events, Chirag Jain, CEO, Get My Parking, said,

“We are extremely energized for what lies in front of us. Parking is an under-used land that is exceptionally situated to serve the changing metropolitan requirements. Our innovation empowers consistent utilization of parking for shared mobility, stockpiling, and conveyances for web based business, EV charging, and on-the-fly car administrations. With our secluded, moderate yet forefront innovation, we are sure of changing parking parcels into mobility centers around the world.”

Remarking on the subsidizing, Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, said, “We are intrigued by the Get My Parking group and what it has accomplished in an underserved area. We have confidence in the mix of their ability, innovation, and procedure to genuinely change the parking and mobility industry around the world. Our interest in the organization is pointed toward aiding them in their extension and development.”

Get My Parking is working intimately with auto and coordinations organizations to settle the parking piece of the mobility puzzle. As of late, it reported a cooperation with Mercedes-Benz to help end-clients in finding and exploring to a pertinent parking parcel.