ParkBee

About ParkBee

ParkBee operates a digital platform that makes privately-owned and underutilized parking spaces available to the public. The company was founded in 2013 by Jian Jiang and Tom Buchmann with the mission to better utilize existing urban spaces and reduce on-street parking congestion. ParkBee is headquartered in Amsterdam, Netherlands, and has expanded its operations to the United Kingdom, Germany, and Belgium.

The company's business model focuses on partnering with real estate owners, including hotels, office buildings, and residential complexes, to monetize their empty parking spots. ParkBee provides the necessary hardware and software to integrate these private garages into its network, making them accessible to a broad user base without requiring new infrastructure from the property owners. Revenue is generated by taking a percentage of the income from each parking transaction, which is shared with the property owner. The service aims to offer drivers more affordable and convenient off-street parking options.

Users can find, book, and pay for parking through the ParkBee mobile app or via integrations with over 20 major European parking and mobility apps such as RingGo, JustPark, and EasyPark. This network approach provides access to millions of drivers. The platform allows for pre-booking a guaranteed spot or paying per minute for immediate parking needs. Access to the parking garages is managed digitally through the user's smartphone, which is used to open barriers and doors.

ParkBee has raised a total of $41.2 million in funding over five rounds since its first round in 2015. A significant funding round in March 2022 brought in €30 million, led by clean energy investor Koolen Industries. This investment is intended to fuel further European expansion and to accelerate the integration of electric vehicle charging solutions within its network of parking garages.