Parkdepot

Germany-based Parkdepot is a provider of digital parking solutions that offer a barrier-free and ticket-less parking experience, which it claims are uncomplicated and cost-effective alternatives to barrier systems while preventing unauthorized parking.

It uses computer vision and AI technology to manage paid and unpaid parking, optimizing the use of parking spaces by accurately detecting and managing vehicle entries and exits. 

The company provides its digital parking solutions for paid and unpaid parking lots. For paid parking lots, customers can gain barrier and ticket-free parking experiences, while in unpaid parking lots, Parkdepot license plate recognition (LPR) technology can help filter out non-customers and identify free parking spaces. It also helps to rent out unused parking spaces available in parking lots.

The firm operates as a B2B managed service, where it manages parking lots on behalf of the parking lot operators.

Key customers and partnerships

Since its launch in 2021 across the DACH region (Germany, Austria, and Switzerland), it expanded its presence to include Poland, Denmark, and Italy as of December 2022. 

Parkdepot serves a wide array of clients, including grocery stores, shopping centers, hotels, and healthcare facilities across Europe. As of April 2024, its clients included EDEKA and Rewe the largest and second-largest supermarket chains in Germany, respectively. 

Funding and Financials

In December 2022, Parkdepot raised EUR 15 million (~USD 15.8 million) in Series A funding to drive its international expansion and further develop its product.

As of December 2022, the firm claimed to process more than 1 million parking transactions daily, with more than a third of its parking spaces managed outside Germany.