Wemolo

Wemolo

Turns parking lots into mobility hubs.

HQ location
Munich, Germany
Website
Launch date
Enterprise value
$66—99m
Company register number
HRB 250653 (München)
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Debt
Total Funding000k

Financials

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Revenues, earnings & profits over time
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Revenues0000000000000000
% growth-2547 %--
EBITDA0000000000000000
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% profit margin-(16 %)--
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EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Company filings or news article

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More about Wemolo
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Wemolo (formerly known as Park Depot) is a digital solution provider for parking spaces, offering a simple and cost-effective alternative to traditional barrier systems. Using advanced license plate recognition technology, the company helps to prevent unauthorized parking. Wemolo's services include assisting with location concepts, setting up the parking system, ensuring a smooth introduction, and providing operational support up to the appearance as a parking operator. The company offers a one-stop solution, including barrier-free and ticketless parking, no waiting times, and modern payment methods.

The company's solutions provide flexibility to its customers and ensure their satisfaction. It uses coordinated hardware and software with modern computer vision and AI technology. The system is continuously developed while in use, requiring minimal maintenance. The company's services include 24/7 license plate recognition at entry and exit, automated determination of parking duration without a parking disc, and identification of non-customers to ensure free parking spaces for its customers.

As one of the leading providers of digital parking solutions, Park Depot is trusted by customers across Europe with over 1,000 parking spaces. Its clientele ranges from grocery retailers, real estate companies, shopping centers, and hotels to clinics. The company's solutions benefit all parking spaces, regardless of size.

Wemolo's business model is based on providing digital solutions for parking spaces. It generates revenue by offering its services to businesses that require parking solutions. The company operates in the parking solutions market, serving a wide range of clients, including retail businesses, real estate companies, and healthcare facilities.

Keywords: Digital Parking Solutions, License Plate Recognition, Barrier-free Parking, Ticketless Parking, Modern Payment Methods, Computer Vision, AI Technology, Operational Support, Parking Duration Determination, Non-customer Identification.

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