New funding round will hasten ParkBee’s European growth

Amsterdam-headquartered ParkBee, a tech platform for off-street parking in Europe, has obtained fresh funding from clean energy investor Koolen Industries bringing total funding to €30 million.

Other investors include a number of tech entrepreneurs and investors along with existing shareholders Statkraft Ventures and Innovation Quarter as well as the company’s own management and personnel.

ParkBee said the proceeds will be used to continue the firm’s expansion in both existing markets and across Europe. ParkBee is already well established in the Netherlands and the UK and is rolling out in Germany, France, Belgium and Ireland with expansion in further countries expected in the near future.

Kees Koolen, CEO and founder of Koolen Industries said that ParkBee has a highly scalable business model and is primed for rapid expansion throughout Europe.

“ParkBee’s dense network of garages offers great opportunities to further facilitate the transition to electric vehicles in European cities,” Koolen said. “This transition is of key importance to the transition to clean energy in general, and also to the quality of people’s lives in our cities by both reducing noise and air pollution.”

ParkBee’s technology is designed to make underutilised off-street parking locations digitally accessible to consumers and its network of garages promotes EV usage in cities.