Robotic parking co Parkomat raises NIS 23m in TASE IPO
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Even with the dearth of new offerings on stock marketplaces in current months, Israeli robotic parking units business Parkomat Worldwide has reportedly ensured elevating NIS 23 million on the Tel Aviv Inventory Exchange (TASE) at a corporation valuation of NIS 41 million, before cash. The IPO was led by underwriters Leumi Partners.

Centered in Ness Ziona, Parkomat was established in 2009. The business plans, develops, delivers, assembles and providers mechanical and robotic parking systems for real estate initiatives in Israel and abroad. At the similar time by means of its subsidiary Jupiter, Parkomat develops and sets up robotic installations for the fast charging of electric powered car batteries.

Parkomat cofounder Giora Naveh serves as CEO and chairman of the business. He is the company’s controlling shareholder alongside one another with the other 3 founders.

The company has been expanding fast with profits of NIS 66.3 million in 2021, up 51.2% from 2020, when revenue was 28% better than 2019. Overall profit in 2021 was NIS 6.1 million, up from NIS 3.3 million in 2020, and NIS 380,000 in 2019.

Parkomat has 60 employees and says it has delivered 250 tasks to day with countless numbers of parking places. The mechanical parking techniques are based mostly on hydraulic lifting which will take advantage of unused house in underground automobile parks (8% of enterprise profits), when robotic systems tackle parking in a computerized and automated way (92% of revenue).

Parkomat estimates that just about every parking position expenses a developer NIS 50,000, not together with infrastructure, and estimates that the market in Israel is really worth NIS 500 million per year.

Published by Globes, Israel business enterprise news – en.globes.co.il – on July 3, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


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