Flash Launches $85M Special Purpose Vehicle to Offer Flexible Payment Options

Flash, a leader in parking technology, has launched an $85 million Special Purpose Vehicle (SPV) to support its customers with flexible, scalable financing for parking systems and electric vehicle (EV) infrastructure. This move aims to help operators transition to digital platforms by reducing large upfront investments, allowing them to spread costs over time. The SPV gives customers options to finance various components, including EV charging stations and automated parking systems, aligning with the industry's shift toward technology-driven solutions.

Flash plans to publicly announce the formation of the SPV on Monday, September 9.

Flash has noticed increased demand for flexible solutions, particularly as cities move toward digitalization in parking management. This SPV is designed to respond to this demand, ensuring parking facilities can evolve with the times. Through this, Flash is providing a more adaptable and cost-effective pathway for customers to upgrade their facilities, from parking garages to EV stations.

The strategy also supports Flash’s long-term growth as it focuses on expanding its offerings across multiple verticals, including the mobility ecosystem. As more cities emphasize the importance of smart parking and EV infrastructure, Flash’s initiative with the SPV offers a clear avenue for customers to stay competitive in a rapidly changing landscape. By removing the financial barriers to adoption, Flash hopes to accelerate the transition to modern parking systems.

For more details, you can access the full article here.

About FLASH 

FLASH is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more.