Robotic parking co Parkomat raises NIS 23m in TASE IPO

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Irrespective of the dearth of new offerings on inventory marketplaces in current months, Israeli robotic parking devices firm Parkomat International has reportedly ensured elevating NIS 23 million on the Tel Aviv Stock Trade (TASE) at a business valuation of NIS 41 million, just before income. The IPO was led by underwriters Leumi Companions.

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Based mostly in Ness Ziona, Parkomat was started in 2009. The company programs, develops, delivers, assembles and services mechanical and robotic parking programs for authentic estate assignments in Israel and overseas. At the similar time via its subsidiary Jupiter, Parkomat develops and sets up robotic installations for the swift charging of electric automobile batteries.

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

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The organization has been escalating rapidly with profits of NIS 66.3 million in 2021, up 51.2% from 2020, when earnings was 28% higher than 2019. Over-all gain in 2021 was NIS 6.1 million, up from NIS 3.3 million in 2020, and NIS 380,000 in 2019.

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Parkomat has 60 workers and says it has shipped 250 assignments to day with countless numbers of parking destinations. The mechanical parking devices are based mostly on hydraulic lifting which normally takes advantage of unused area in underground auto parks (8% of corporation revenue), even though robotic systems deal with parking in a computerized and automatic way (92% of income).

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Parkomat estimates that just about every parking put prices a developer NIS 50,000, not which includes infrastructure, and estimates that the marketplace in Israel is worth NIS 500 million annually.

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

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

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