JustPark Merges with ParkHub to Transform Parking Experience and Benefit Investors
JustPark, a pioneering company reshaping the parking landscape, has announced a strategic merger with ParkHub, a leading parking management platform. This collaboration not only strengthens JustPark’s position in the industry but also offers promising returns to nearly 10,000 investors who supported the company through Crowdcube.
The merger is exciting news for investors, as it is expected to enhance the value of their investments. JustPark has successfully raised £17 million from a dedicated investor base, highlighting strong confidence in the company’s long-term vision. Anthony Eskinazi, Founder and CEO of JustPark, remarked, “After 18 years of innovating the parking experience, we believe this merger will take JustPark to new heights. With cutting-edge technology and unparalleled support, we are set to revolutionize how people park.”
The partnership combines the strengths of both companies to deliver efficient and user-friendly parking solutions. JustPark is known for its innovative approach to enhancing the parking experience, while ParkHub brings valuable data-driven expertise in parking management. Together, they serve over 20 million registered drivers and more than 500 B2B customers, with total booking volumes surpassing $1 billion. This synergy presents significant potential to improve the parking experience for all users.
A key focus of the merger is to enhance user experience through advanced technology. By integrating ParkHub’s systems into the JustPark platform, both companies aim to offer easier booking features, real-time availability updates, and improved customer service, addressing the growing demand for smarter and more integrated parking solutions.
Although JustPark has been active in the parking market for nearly two decades, this merger opens new opportunities for expansion into the North American market, reinforcing their position in a competitive global landscape. With greater access to technology and a larger network, JustPark and ParkHub are poised to meet the evolving needs of customers worldwide.
Investors in JustPark who participated through Crowdcube will benefit from the company’s growth trajectory. Jo Candy, Head of PR at JustPark, expressed excitement about the merger, stating, “We are thrilled to see the hard work of all parties rewarded. JustPark has become a model for companies embracing crowdfunding as a fundraising method.”
Through this merger, JustPark and ParkHub demonstrate their commitment to enhancing the parking experience while positively impacting the industry as a whole. The innovations resulting from this collaboration are expected to yield long-term benefits for customers, investors, and the broader community.
With this strategic move, JustPark and ParkHub aim to revolutionize the parking industry and create a brighter future for all stakeholders. As developments progress, they remain dedicated to continuous innovation and leadership in efficient and sustainable parking solutions.
