Papp, a startup addressing urban parking challenges through a smart app and sensor technology, has secured investment from Hands-on Mikrofonden to scale its operations in response to rising electric vehicle demand in Denmark.
Target Information
Papp is an innovative startup dedicated to tackling urban parking challenges exacerbated by the rising number of cars in Denmark's largest cities. The increasing car population leads to congestion, longer search times for parking spots, and heightened CO2 emissions, all contributing to poorer air quality and lost economic opportunities. Papp's solution focuses on improving the utilization of parking spaces and charging stations through an ingenious data platform and app.
The mobile application provides real-time information on available parking spots and charging stations, guided by a sensor embedded in city asphalt. Users can easily identify the nearest available spaces, whether occupied by electric vehicles or non-charging cars. Additionally, the app presents users with pricing data for various parking options, allowing them to make informed decisions based on their destination.
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Industry Overview in Denmark
Denmark is experiencing a rapid surge in electric vehicle (EV) adoption, with more than double the number of registered electric cars compared to the previous year as of May 2022. This increase necessitates a corresponding rise in the availability of char
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Hands-on Mikrofonden
invested in
Papp
in 2022
in a Seed Stage deal