Robotic parking co Parkomat raises NIS 23m in TASE IPO

Inspite of the dearth of new choices on stock markets in modern months, Israeli robotic parking systems enterprise Parkomat Intercontinental has reportedly ensured elevating NIS 23 million on the Tel Aviv Stock Trade (TASE) at a business valuation of NIS 41 million, ahead of funds. The IPO was led by underwriters Leumi Partners.

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Centered in Ness Ziona, Parkomat was founded in 2009. The company designs, develops, provides, assembles and solutions mechanical and robotic parking techniques for real estate projects in Israel and overseas. At the similar time through its subsidiary Jupiter, Parkomat develops and sets up robotic installations for the rapid charging of electric car batteries.

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

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The corporation has been rising rapidly with income of NIS 66.3 million in 2021, up 51.2% from 2020, when profits was 28% better than 2019. In general 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 employees and states it has sent 250 tasks to day with countless numbers of parking places. The mechanical parking programs are primarily based on hydraulic lifting which usually takes edge of unused place in underground car or truck parks (8% of enterprise profits), though robotic units take care of parking in a computerized and automatic way (92% of income).

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Parkomat estimates that each individual parking position expenditures a developer NIS 50,000, not such as infrastructure, and estimates that the market place in Israel is worth NIS 500 million each year.

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

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

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