Inspite of the dearth of new choices on stock markets in recent months, Israeli robotic parking units enterprise Parkomat Global has reportedly ensured raising NIS 23 million on the Tel Aviv Inventory Exchange (TASE) at a company valuation of NIS 41 million, ahead of revenue. The IPO was led by underwriters Leumi Partners.

Primarily based in Ness Ziona, Parkomat was founded in 2009. The corporation options, develops, delivers, assembles and expert services mechanical and robotic parking systems for real estate tasks in Israel and abroad. At the very same time via its subsidiary Jupiter, Parkomat develops and sets up robotic installations for the fast charging of electrical motor vehicle batteries.

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

The company has been rising swiftly with earnings of NIS 66.3 million in 2021, up 51.2% from 2020, when revenue was 28% bigger than 2019. All round revenue in 2021 was NIS 6.1 million, up from NIS 3.3 million in 2020, and NIS 380,000 in 2019.

Parkomat has 60 staff members and states it has shipped 250 tasks to date with 1000’s of parking areas. The mechanical parking methods are centered on hydraulic lifting which usually takes benefit of unused area in underground motor vehicle parks (8% of firm profits), when robotic methods tackle parking in a computerized and computerized way (92% of earnings).

Parkomat estimates that each and every parking spot expenditures a developer NIS 50,000, not such as infrastructure, and estimates that the current market in Israel is worth NIS 500 million per year.

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

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