BMW forms parking app partnership with Parkmobile

Sep 10, 2014 • Robert Lavine

The automotive company also invested an undisclosed, but "significant" amount in the parking payment app developer.

Automotive company BMW made a “significant” investment in Parkmobile, a US-based provider of mobile payment services for municipalities and parking services, on Monday.

BMW provided the undisclosed amount of funding, dependent on antitrust approval in Europe, as it confirmed that Parkmobile had been strategically integrated with its prepaid parking app ParkNow.

The integrated technology will be available for installation by any equipment manufacturers and will also be installed in new BMW cars.

Parkmobile CEO Cherie Fuzzell said: “The strategic investment…

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