July 16, 2024

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business the management

Robotic parking co Parkomat raises NIS 23m in TASE IPO

2 min read

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Inspite of the dearth of new choices on inventory marketplaces in modern months, Israeli robotic parking methods enterprise Parkomat Intercontinental has reportedly ensured increasing NIS 23 million on the Tel Aviv Inventory Exchange (TASE) at a company valuation of NIS 41 million, prior to income. The IPO was led by underwriters Leumi Companions.

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Based in Ness Ziona, Parkomat was started in 2009. The company options, develops, delivers, assembles and solutions mechanical and robotic parking programs for actual estate assignments in Israel and overseas. At the exact time through its subsidiary Jupiter, Parkomat develops and sets up robotic installations for the speedy charging of electric powered car or truck batteries.

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Parkomat cofounder Giora Naveh serves as CEO and chairman of the business. He is the company’s controlling shareholder together with the other 3 founders.

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The enterprise has been rising swiftly with revenue of NIS 66.3 million in 2021, up 51.2% from 2020, when profits was 28% bigger than 2019. Over-all financial gain in 2021 was NIS 6.1 million, up from NIS 3.3 million in 2020, and NIS 380,000 in 2019.

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Parkomat has 60 personnel and says it has delivered 250 assignments to date with hundreds of parking spots. The mechanical parking units are centered on hydraulic lifting which will take advantage of unused house in underground car parks (8% of business earnings), when robotic systems tackle parking in a computerized and computerized way (92% of income).

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Parkomat estimates that every single parking area costs a developer NIS 50,000, not including infrastructure, and estimates that the industry in Israel is truly worth NIS 500 million per year.

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Released by Globes, Israel business news – en.globes.co.il – on July 3, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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