PE Perspectives/White Papers

The Arrival of Seamless Parking

This article was first published by Middle Market Growth.

Finding a parking space is something drivers do every day without much thought. Dan Roarty was among those who didn't pay much attention to it, until the founders of Chicago-based tech company Arrive approached him in 2017 to talk about parking's role in the future of mobility.

"We talked about car sharing, ride share scooters and bikes, fractional ownership of cars, electric vehicles, autonomous vehicles and hyperloops," says Roarty, who is now Arrive's president and chief operating officer.  "What became clear to me is that parking was a necessary ingredient to the success of all of those things."

With decades-old meters and ticket machines spread across thousands of operators throughout the U.S. and Canada, the parking industry was unable to integrate the latest mobility platforms, like mobile phone applications, let alone those in the future - but it was fertile ground for innovation.

Read more on page 19...

Related Articles

NewSpring Industry Disruptors Fueling our Virtual Communities through Technology

As COVID-19 continues to impact nearly every aspect of our daily lives, the world is leaning on...

PE Perspectives/White Papers

April 16, 2020

Read more

NewSpring Portfolio Companies Providing Innovative Solutions to Support their Communities

With the COVID-19 coronavirus impacting every aspect of our daily lives, we all find ourselves...

PE Perspectives/White Papers

April 01, 2020

Read more

Get the latest news delivered to your inbox

arrow_forward Subscribe now