BMW invests in online parking marketplace
20 July 2011
BMW has invested in UK website parkatmyhouse.com, an online parking marketplace which connects homeowners with driveways, garages and private parking spaces to rent to driVers who need a place to park.
BMW I Ventures, a venture capital company set up by BMW Group to invest in companies which offer a solution to improve urban mobility, has taken a minority stake in the website.
More than 125,000 drivers are registered on the site which claims that collectively drivers have saved more than £3 million in parking charges in the last 12 months from renting a private space on the website rather than using public car parks and metered street parking.
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