The BayBG A Bavarian investment company has invested one million euros in Parkstory. The company has developed an AI-based solution for parking garages that uses rotating and lift modules to park vehicles in the smallest possible space. According to the startup, this should result in space savings of up to 50 percent. Furthermore, Parkstory has integrated an intelligent e-charging solution for electric vehicles. In addition to the planning, construction, and commissioning of the Parking systems The young company also takes over the subsequent service and maintenance.
Peter Herreiner, Managing Director of BayBG, explains:
"Parkstory's comprehensive solution is impressive due to its excellent growth potential. The market situation is promising, and the demand for parking space is steadily increasing. More efficient use of existing space is an innovative and sustainable solution."
The Head of Growth Capital at BayBG Christian Fiederling added:
"Parkstory's system solution is patented, highly developed, and offers clear added value to parking garage operators and real estate developers. The offering generates additional revenue for operators, thus ensuring long-term economic success and contributing to solving the parking problem in cities. The legally prescribed minimum number of required parking spaces sets clear limits on the creation of new housing and prevents upward growth in urban areas. This is where Parkstory is a true game changer."
Customers include architects, real estate developers, property developers, investors, and municipalities planning new parking facilities or the conversion of existing parking garages. Drivers also benefit from the solution: They park their car in a transfer booth, and the fully automated system takes care of everything else.
Jürgen Lukas from Parkstory says:
"Demand for intelligent and space-saving parking solutions is increasing, both in new buildings and in parking garages in busy city centers. With BayBG as our financial partner, we can capitalize on the resulting market opportunities. The additional funds will flow into production, product development, and sales, and we will expand our capacities."
