Smart Transport

AppyWay launches £20m funding round to support growth

AppyWay, the kerbside management and smart parking technology company, has launched its £20 million series B funding round to help support its future growth ambitions.

The funding will be used to support organic growth of AppyWay’s platform, strategic acquisitions, further technological investment and international scalability.

Part of the plans include investing in its data capture technology, as well as putting money into data as a service (DaaS) technology for mobility service providers and car manufacturers.

Its broader strategy around acquisitions is to “accelerate city adoption and expand product functionality”.    

The new funding will build on the £10.8 million raised to date, including a £7.6 million Series A round that drew in blue-chip investors including Sumitomo Corporation, Hyundai Motor Company and Aviva Ventures, West Hill Capital and Breed Reply.

The fund-raising is being managed by Cavendish Corporate Finance.   

Dan Hubert, CEO and founder of AppyWay, said: “This funding round will help us move further towards our goal of helping local authorities and businesses unlock the potential of their kerbs. 

“Whether it is residents, drivers, businesses and councils, all stand to benefit from the mobility revolution that is underway.

“Under-utilised on and off-street parking, along with outdated and inefficient processes and technology with high operating costs are features of many cities and towns across the UK.

“Councils are missing out on fair, effective and efficient revenue generation, along with the opportunity to reduce congestion and air pollution.

“A different approach is clearly needed if zero carbon targets are to be met and cities are to have the necessary infrastructure for electric and autonomous vehicles.”

 Transport Minister Rachel Maclean

Virtual Smart Transport Conference 2020 presentations available to view now

After three packed days of content the first Virtual Smart Transport Conference has come to a close, but delegates can now gain free access to rewatch all the presentations during the show.

How to watch the presentations

Videos can be accessed by heading to the Agenda & Live Stream section of the Virtual Smart Transport Conference event website and choosing sessions to watch from across the three days.

The event featured thought leadership presentations from over 45 key stakeholders from the public and private sector, with opening statements from transport minister Rachel Maclean (pictured) and Mayor for Greater Manchester Combined Authority Andy Burnham.

Watch now

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