San Francisco, CA
By the end of 2012, San Francisco was the home to nearly 471,000 registered vehicles, yet only had about 320,000 parking spaces (including metered spaces) available throughout the city. Moreover, over 35,000 cars are estimated to enter the city each and every day. By entering the San Francisco market, Parknav hopes to improve the city’s parking ecosystem by helping facilitate the limited number of parking spaces available in congested areas throughout the city. Parknav plans on expanding into the top 10 US cities by Q2 of 2015.
As part of a broader European strategy, Parknav has expanded its service area beyond Munich into Hanover. Like Munich, Hanover faces many challenges in parking space availability. More cities in Europe will be announced later this year.
“We are extremely excited about our latest expansions,”
Parknav was originally co-founded by Stanford University alumnus and University of Illinois at Urbana-Champaign Professor Eyal Amir along with Argonne and UBS alumnus Sergei Kozyrenko. Since the initial release of the mobile app version of Parknav (formerly under the Faspark name) in 2011, the app’s user-base has grown to over 65,000 users throughout Chicago, IL, San Francisco, CA, Hanover, Germany and Munich, Germany. Utilizing its proprietary data resources, Parknav intends on expanding its parking solution to all major urban hubs throughout the United States and Europe.
For more information on the company visit: http://www.parknav.com
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