To further automatic curb management technology, Automotus raises $9 million

The need for curb space in cities has increased due to the changing mobility landscape. Curbs are no longer solely for parking, deliveries, buses, and taxis. These conventional use cases now need to compete with other technologies like bike lanes, ride-hailing, same-day delivery, dockless cars, and more. As a result, investors and localities are beginning to give priority to software that manages curb space.

Jan 2, 2023 - 03:13
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To further automatic curb management technology, Automotus raises $9 million
Featured photo credit: Xiao Ping via pkyee.com

A four-year-old firm called Automotus has just closed a $9 million seed investment to improve its automated curb management solution. According to the business, their technology may enhance parking turnover by 26%, decrease double-parking dangers by 64%, and cut congestion and pollution by up to 10%. It can also raise parking revenue for cities by more than 500%.

According to the business, Automotus works with cities including Santa Monica, Los Angeles, Pittsburgh, Omaha, and Bethlehem to manage favored loading zones and discounted rates for commercial EVs, automate payments for vehicle unloading and parking, and police curb violations.

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Fang Jing Business Owner of Fang Jing Corporation.