llollo

Established in 2014, Llollo is a Madrid-based company operating in the mobility technology sector, offering an online platform for valet parking services. The company's core business revolves around its mobile application, which connects customers with a network of service providers. This digital platform allows users to schedule, manage, and pay for the collection, parking, and return of their vehicles, primarily at transport hubs like airports.

Llollo's business model is designed to be asset-light, as it does not own the parking facilities but instead partners with local providers. Revenue is primarily generated through a commission-based system, where Llollo takes a percentage of the fee for each transaction facilitated through its app. The company has also explored additional revenue streams such as in-app advertising and partnerships with other businesses. This approach allows for scalability and reduced overhead costs.

The service is targeted at travelers and individuals seeking a convenient and economical parking solution, eliminating the need for cash payments and transfers. The platform's features are centered on user convenience and simplicity. Over the years, Llollo has secured funding to support its growth, raising approximately $5.67 million through various early-stage venture capital rounds. Stella Maris Partners is a notable investor in the company.

Keywords: valet parking, mobility tech, mobile application, airport parking, car services, commission-based model, online platform, parking solutions, SaaS, automotive tech, travel convenience, Madrid startup, asset-light business, venture capital-backed, Stella Maris Partners, fluid parking, car collection service, digital payment, transportation services