SpotHero Launches Industry-First Parking-as-a-Service Solution for Fleets

SpotHero’s parking network offers more than 6,500 facilities across 300 cities

SpotHero mobility platform for off-street parking in North America, introduced SpotHero for Fleets, an industry-first parking-as-a-service solution. SpotHero for Fleets provides hardware, software and services to help fleets secure, access and pay for parking at scale.

The future of sustainable urban mobility relies on the growth of modern mobility options such as car sharing, ridesharing and autonomous vehicles, making fleet management more critical than ever. By 2030, Deloitte predicts that shared vehicles will overtake personally owned vehicles in urban areas. As car share fleets grow, companies are increasingly tasked with solving for complex parking needs at scale.

SpotHero for Fleets is a one-stop shop for fleet managers to:

• Source and secure parking inventory in high-traffic areas across multiple cities
• Pay-per-use across multiple parking facilities on one invoice to streamline payments
• Access gated parking facilities to provide more pickup and drop off points for shared cars
• Scale up, scale down and monetize underutilized spots during off-peak season

Fleets today rely largely on curbside parking in select cities and ungated surface lots to park vehicles. Both options present challenges for drivers traveling to and from downtown central business districts, where fewer surface lots and on-street spaces are available. As cities move to further reduce the availability of on-street parking in favor of bike lanes and drop-off zones, access to off-street facilities is no longer a nice-to-have, but a critical component of doing business. SpotHero for Fleets gives shared cars access to core downtown garages near their destination, making car share more accessible and reducing idle time for on-demand drivers.

“Over the past decade, SpotHero has worked to bring a nationwide network of garages online to make parking easier and more accessible. And with the mobility industry evolving, this digital infrastructure has grown in value,” said Elan Mosbacher, SVP of Strategy & Operations, SpotHero. “With an established platform that hooks together the disparate parking technologies and systems, SpotHero is giving fleet managers the technology needed to maintain and scale their businesses successfully, and helping parking operators drive new revenue streams by broadening their target market beyond individual car owners.”  SpotHero is the leading marketplace for off-street parking in North America. SpotHero’s parking network offers more than 6,500 facilities across 300 cities with more than 40 parking access and revenue control integrations. In 2018, SpotHero was named to TIME’s 50 Genius Companies list, a curated collection of “businesses inventing the future.” In the past few months, the company has announced strategic partnerships with consumer mobility apps such as Waze and Moovit and corporate clients such as US Cellular, Associated Press and Caterpillar.

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