Essential factors
- Uber is contemplating buying parking app SpotHero.
- SpotHero permits customers to look and reserve parking areas upfront.
Uber, the worldwide ride-hailing and supply platform, is contemplating a deal to amass SpotHero, a parking app that enables customers to proactively search and reserve parking spots throughout cities, in keeping with The Info.
The potential acquisition would permit Uber to enrich its present ride-hailing providers and increase into parking providers.
The Chicago-based parking reservation platform has raised roughly $118 million in a number of enterprise funding rounds, most not too long ago securing $50 million in a 2019 Sequence D led by Macquarie Capital.
Constructing on that progress, SpotHero partnered with Uber in late November 2023 to help the launch of Uber Carshare, Uber’s peer-to-peer automotive sharing service, in North America. Service led to September 2024.
