Company profile: HotSpot
1.1 - Company Overview
Company description
- Provider of a mobile parking payment platform that lets users pay and top up parking by phone, receive expiry alerts, and find open spaces via a real-time map. Offers QR-based Fast Tap signs for app-free payments, digital permits, license plate recognitionβpowered citation and enforcement management, and digital gated parking integrated with gate operators.
Products and services
- Citation and Enforcement Management: License plate recognition-based components that manage parking compliance with digital citation management, capturing license plate data and issuing digital citations to improve parking control
- HotSpot Parking App: Smartphone-based product that lets users pay for parking, receive near-expiry notifications, top up remotely, find open spots, and skip cash or tickets, with first 30 minutes free
- Digital Gated Parking: Gate-operator-integrated assemblies that enhance access control and prevent revenue leakage for gated parking, aligning digital parking systems with physical gate controls
Key contacts
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Financial details
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1.2 - Competitors and similar companies to HotSpot
Ingtech
HQ: Canada
Website
- Description: Provider of engineering services specializing in heavy-duty vehicle system design, production, testing, and maintenance.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Worldsensing
HQ: Spain
Website
- Description: Provider of IoT sensing and remote monitoring solutions for smart cities and industries with critical assets in remote locations. Offers low-power wireless devices, edge devices, the LoRa Tree multihop network, a connectivity management tool, and 3rd party integrations. Serves rail, construction, and civil infrastructure, and provides a smart traffic management portfolio for mobility.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Citizens Parking
HQ: United States
Website
- Description: Provider of parking management services, operating 320,000 parking spaces across 1,100 locations in the United States and Puerto Rico, serving commercial office, hotel, retail, airports, and municipal properties.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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ParkHub
HQ: United States
Website
- Description: Provider of parking management software and hardware for the destination industry, offering an mPOS that processes cash, credit card, and NFC payments and scans/validates prepaid passes; real-time reporting of parking revenue and transactions; dynamic pricing support; inventory availability and control; and integration with various parking and ticketing solutions.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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epilot
HQ: Germany
Website
- Description: Provider of blockchain-based E-carsharing in Germany that enables decentralized customer co-ownership of an electric vehicle fleet. Offers e-car subscriptions, mobility budgets, electromobility services, and a Mobility-as-a-Service platform integrating access to carsharing, public transport, and bike sharing via a single account and payment channel.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for HotSpot
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Buyer group 1: ββββββββ ββββββββ
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Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 2: ββββββββ ββββββββ
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Description: ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ
Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 3: ββββββββ ββββββββ
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Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to HotSpot
2.2 - Growth funds investing in similar companies to HotSpot
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4 - Top valuation comps for HotSpot
4.2 - Public trading comparable groups for HotSpot
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