BayBG Bayerische Beteiligungsgesellschaft is investing one million euros in Parkstory. The company has developed an AI-based solution for parking garages to park vehicles on the smallest possible space using rotating and lift modules. According to the startup, this can save up to 50 percent of space. In addition, Parkstory has integrated an intelligent e-charging solution for charging electric vehicles. In addition to planning, construction, and commissioning of the parking systems, the young company also handles later service and maintenance.
Peter Herreiner, CEO of BayBG, explains:
“Parkstory’s comprehensive solution impresses with its very good growth prospects. The market situation is promising, the demand for parking space is steadily increasing. More efficient use of space in existing areas is an innovative and at the same time sustainable solution.”
Head of Growth Capital at BayBG Christian Fiederling adds:
“Parkstory’s system solution is patented, highly sophisticated, and offers clear added value to parking garage operators and real estate developers. The offering generates additional revenue for operators, thus securing long-term economic success and contributing to solving the parking shortage problem in cities. The legally required minimum number of parking spaces sets clear limits on the creation of new residential space and prevents growth upwards in urban areas. Here, Parkstory is a true game changer.”
Customers include architects, real estate developers, building contractors, investors, and municipalities planning new parking facilities or renovating existing parking garages. Motorists also benefit from the solution: they park their car in a transfer cabin, and the fully automated system handles everything else.
Jürgen Lukas from Parkstory says:
“The 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 a financial partner, we can capitalize on the market opportunities this presents. The additional funds will flow into production, product development, and distribution; we are expanding our capacities.”
