D’Ieteren familiy invests in German parking guidance
SPDG, the family holding of Périer-D’Ieteren, further invests in the German scale-up Cleverciti, specialized in intelligent parking guidance systems for cities, shopping malls, or big parking operators. Cleverciti is active in some twenty countries worldwide, but Belgium is not yet one of them.
Cleverciti wanted to raise another 5,6 million dollars (€4,7 million) to expand its sales and marketing activities and boost the deployment of its intelligent parking guidance systems. SPDG Ventures entered the then start-up’s capital already in 2015, providing €1,8 million of the €2,8 million needed then.
So SPDG is investing for the second time now, joining other venture capital firms, like the investment branch of German energy giant EnBW or the Westly Group investment fund. The latter is one of North America’s largest venture funds focused on smart energy, transportation, and buildings. In five years, Cleverciti raised some 23,8 million euros so far.
Smart overhead sensors
Cleverciti, based in Münich, has developed a smart system using overhead sensors, mounted on lamp posts, masts, or against facades, to detect free and occupied parking spaces in the city streets and squares. Such a sensor measures the exact GPS position and the size of the available spaces and covers 100 meters or between six and 20 parking spaces.
The data is inputted in real-time into a central database, and artificial intelligence (AI) is used to manage the guidance system. The status of each space is updated every 3 to 30 seconds. LED-based 360° screens, called Circ 360, guide car drivers to free parking spots, or they can use the app on their smartphone.
The system proved to be less fault-prone than classic magnetic detection loops or ground sensors and easier to install, as the monitoring is done from above, and no road works are needed.