Robotic parking co Parkomat raises NIS 23m in TASE IPO
Despite the dearth of new offerings on stock markets in latest months, Israeli robotic parking devices corporation Parkomat International has reportedly ensured boosting NIS 23 million on the Tel Aviv Inventory Exchange (TASE) at a organization valuation of NIS 41 million, right before revenue. The IPO was led by underwriters Leumi Companions.

Based in Ness Ziona, Parkomat was launched in 2009. The organization plans, develops, delivers, assembles and companies mechanical and robotic parking systems for authentic estate tasks in Israel and overseas. At the very same time as a result of its subsidiary Jupiter, Parkomat develops and sets up robotic installations for the brief charging of electric automobile batteries.

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

The enterprise has been increasing swiftly with profits of NIS 66.3 million in 2021, up 51.2% from 2020, when revenue was 28% increased than 2019. Total financial gain in 2021 was NIS 6.1 million, up from NIS 3.3 million in 2020, and NIS 380,000 in 2019.

Parkomat has 60 workers and claims it has shipped 250 projects to day with thousands of parking places. The mechanical parking methods are primarily based on hydraulic lifting which takes gain of unused space in underground auto parks (8% of company revenue), while robotic devices manage parking in a computerized and computerized way (92% of earnings).

Parkomat estimates that every parking area fees a developer NIS 50,000, not such as infrastructure, and estimates that the current market in Israel is really worth NIS 500 million each year.

Posted by Globes, Israel business information – en.globes.co.il – on July 3, 2022.

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