Even with the dearth of new choices on stock marketplaces in recent months, Israeli robotic parking units organization Parkomat Global has reportedly ensured increasing NIS 23 million on the Tel Aviv Stock Exchange (TASE) at a corporation valuation of NIS 41 million, right before revenue. The IPO was led by underwriters Leumi Companions.

Centered in Ness Ziona, Parkomat was founded in 2009. The company programs, develops, delivers, assembles and solutions mechanical and robotic parking programs for real estate assignments in Israel and overseas. At the identical time as a result of its subsidiary Jupiter, Parkomat develops and sets up robotic installations for the rapid charging of electrical car or truck batteries.

Parkomat cofounder Giora Naveh serves as CEO and chairman of the corporation. He is the company’s managing shareholder with each other with the other 3 founders.

The company has been growing quickly with profits of NIS 66.3 million in 2021, up 51.2% from 2020, when income was 28% greater than 2019. Over-all revenue 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 suggests it has delivered 250 initiatives to day with 1000’s of parking areas. The mechanical parking systems are centered on hydraulic lifting which usually takes benefit of unused room in underground motor vehicle parks (8% of organization revenue), while robotic programs deal with parking in a computerized and automatic way (92% of income).

Parkomat estimates that every single parking put costs a developer NIS 50,000, not including infrastructure, and estimates that the market place in Israel is really worth NIS 500 million annually.

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

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