Revolutionizing Parking: P1 Secures €9.3 Million in Seed Funding for Future Innovations

We are thrilled to announce that P1, the leading private organization in parking services, has successfully raised €9.3 million in a recent funding round aimed at expanding its innovative parking solutions. As a frontrunner in both Off Street and On Street parking, P1 has developed a reputation for being a knowledgeable, business-oriented, and fair partner in the parking industry since its formation in 2006, succeeding PMN and PGN. This robust investment demonstrates investor confidence in P1’s mission to enhance parking efficiency while reinforcing its collaborative approach with local authorities and stakeholders. The funding will be directed towards further enhancing P1's digital transformation efforts, enabling features such as cashless payments and reservation systems via mobile phone and online platforms, making parking easier and more comfortable for users. Moreover, P1 will focus on solutions for mobility challenges in collaboration with municipalities, utilizing public-private partnerships to create sustainable urban mobility systems. With an emphasis on "Place, Price, Perception," P1 recognizes that effective parking is integral to addressing broader mobility concerns rather than merely providing superficial amenities. By leveraging its unique ParkeerProductiviteitsProfiel®, P1 can assess parking facilities across various parameters, ensuring that resources are optimized and that parking operations yield strong returns on investment. This strategic infusion of capital will accelerate P1’s commitment to transforming the parking landscape, reinforcing its position as an innovative player in the industry.