AP NEWS

ParkWhiz Rebrands as ArriveTM

January 7, 2019

CHICAGO--(BUSINESS WIRE)--Jan 7, 2019--ParkWhiz Inc. announced today that it is rebranding as Arrive TM Inc., capping its transformation into the leading provider of solutions for the last mile of connected mobility. Arrive’s fully integrated platform helps companies and brands easily offer parking and other mobility-related services to drivers, fleets and connected vehicles. Using app, voice and in-dash technology, Arrive’s branded and white-labeled solutions can surface convenient parking options and additional services to drivers at various touchpoints. Arrive powers hundreds of partner-branded experiences in addition to the highly-rated ParkWhiz and BestParking mobile apps, which have millions of active users across North America.

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Arrive is powering the last mile of connected and autonomous mobility. (Graphic: Business Wire)

“When we parked our first car in 2007, route planning and in-car connectivity services were luxuries. Today, these are essential components of consumer journeys, and we are excited to play an integral role in powering them,” said Yona Shtern, CEO and Executive Chairman of Arrive. “While our consumer brands are strong and gaining in popularity, we believe the future of parking lies within vehicles, navigation systems, and other touchpoints.”

More than 40 million customers in 230 cities across the U.S. and Canada have access to the largest transactional parking network in North America through Arrive-powered parking reservations and drive-up, friction-free parking. Arrive provides transactional parking services for hundreds of partners within their own apps, websites and emails. Arrive’s partnerships include professional sports teams and venues, events, travel providers, airlines, hotels, automotive OEMs, and navigation systems.

“The Arrive brand represents the culmination of our evolution as a company into an enterprise business that powers the full range of mobility services in collaboration with and on behalf of our partners,” said Shtern.

In April 2018, the company acquired Tel Aviv-based Codi Park and launched the Arrive Network, its powerful friction-free parking solution. Any driver using an Arrive-powered app or registered vehicle can experience seamless payments and frictionless entry and exit at participating lots and garages. The company recently completed its latest financing, raising $25 million in new equity funding from investors such as NewSpring Capital, Alate and Amazon’s Alexa Fund.

About Arrive

Arrive powers the last-mile of connected and autonomous mobility. The company delivers scalable, friction-free parking experiences through apps, voice and in-dash. Its fully integrated platform makes it easy for companies and brands to offer parking as a solution for drivers, fleets and connected vehicles. Available across the U.S. and Canada, Arrive has developed innovative parking solutions for hundreds of distribution partners, including Amazon, Ford, Hyundai, XEVO, TomTom, Ticketmaster/Live Nation, Groupon, Madison Square Garden and many others. For more information, visit Arrive.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190107005133/en/

CONTACT: Christie Dooley

cdooley@arrive.com

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS

INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS INTERNET TRAVEL TRANSPORTATION MOBILE/WIRELESS AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Arrive Inc.

Copyright Business Wire 2019.

PUB: 01/07/2019 08:00 AM/DISC: 01/07/2019 08:01 AM

http://www.businesswire.com/news/home/20190107005133/en

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