evopark secures seven-digit figure investment from Porsche to change the way we’re parking in city-centers

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The Stuttgart-based Porsche AG invests a seven-digit figure in the parking solution startup evopark.

Porsche will hold a minority stake in the Cologne-based startup, which is seeking to revolutionize parking in city-centers. Free digital parking cards replace paper tickets; gates open automatically at many car parks and underground parking facilities. Parking fees are paid conveniently at the end of each month. The evopark app shows available parking spaces at car parks and offers direct navigation to drivers.

Founded in 2014, the evopark parking service is already available in 16 German cities and at 37 car parks and underground parking facilities. National and international car park operators such as B+B Parkhaus, GOLDBECK and Q-Park are working closely with the startup.

With evopark, Porsche drivers drivers can park at no charge for the first hour at parking garages operated by evopark partners for a period of three months. Peter Jost, Director Sales Coordination & Strategy at Porsche further explains: “We are working feverishly on including attractive value-added services so parking becomes a positive experience for our customers. The cooperation with evopark is our first systematic step in this direction.”

evopark executive Tobias Weiper stated: “The search for a parking spot creates almost 30% of inner-city traffic. At the same time, however, car parks still offer many available spots. The goal of evopark is to create an open platform for off-street parking in Germany and Europe.