LONDON, January 26, 2015 /PRNewswire/ --
One Place for Every Space
Freddie Achom, Founder and Chairman of the London-based private investment company, ROSEMONT GROUP CAPITAL PARTNERS, has confirmed seed round investment in APPYPARKING, the award winning app founded by London-based creator, Dan Hubert. The amount is undisclosed.
Launched in 2013, APPYPARKING is the brainchild of Dan Hubert, a former advertising creative who, through his own personal frustrations in trying to park around London, was driven to creating a time saving app to help fellow drivers. It is an easy to use app that assists drivers in the UK to locate available parking spaces, saving drivers from having to search the streets for paid-for or free parking.
Available on iOS and android, APPYPARKING has already won several technology awards, including Stuff Gadget Awards 2014, runner-up to none other than Uber, and most recently it was awarded the Winner of FORD's Traffic Tamer App and International Congestion Challenge, which saw submissions from over 100 individual developers, teams and organisations. APPYPARKING is subsequently now in talks with FORD for a roll out in a selected number of their forthcoming vehicles as part of its Smart City Solution Strategy.
ROSEMONT GROUP CAPITAL PARTNERS will bring significant experience in the technology and financial industries together with strategic business planning, financing, operations, sales and marketing to have oversight of the strategic direction and operation of APPYPARKING's national and international expansion alongside Hubert and his team.
"We're really happy to have the expert backing and support of Freddie Achom and Rosemont Group. His support and belief in our vision is second to none and this only gives us the confidence to go out there, disruptthe market and succeed." says Dan Hubert.
"The parking industry is a notoriously old fashioned and fragmented sector that is void of a single cohesive technical solution. The Private and Public sectors work independently, supplying many apps and websites with varying degrees of information to suit their own agendas. The result is a level of confusion that is the biggest factor in causing theover 4 million parking tickets a yearissued by London councils alone. A total bill to motorists of over £600 million a year in parking fines. Not to mention the unnecessary waste of time and fuel in looking for spaces which statistics show accounts for 20% of city congestion. APPYPARKING now provides the solution. An app, designed by a consumer, for the consumer. Watch this parking space," says Freddie Achom.
APPYPARKING allows drivers to have local knowledge about any destination. Quite simply, when green areas appear on the map, it's free to park and red zones show that restrictions still apply. It also covers resident parking bays, pay-and-displays and single yellow lines. The app also identifies electric charging bays, disabled and motorcycle bays as well, in addition to the nearest petrol stations too. And finally if all else fails, thanks to a partnership with JustPark, drivers can also be directed to someone's driveway too.
APPYPARKING relies on its very own Content Management System that understands every possible rule, restriction and tariff from off street parking right down to high-resolution street detail. In short, supplying the world's first standardised parking data set and search engine.
2015 will unveil more exciting partnerships with some global companies that will change parking forever.
ABOUT ROSEMONT GROUP CAPITAL PARTNERS:
Rosemont Group Capital Partners is a private investment company founded in 2003 by British entrepreneur and venture investor Freddie Achom. Its portfolio is as wide ranging as digital technology, bio technology, solar technology, financial services, land and property development to more high profile ventures in the entertainment sectors. More recently, Achom has re-aligned the group's core focus to investment opportunities in early and growth stage digital technology innovation alongside key investments in bio and clean technology companies in developing markets. Rosemont Group is headquartered in London with international offices in New York and Mumbai.
SOURCE Rosemont Group Capital Partners