Truck Park Management Has Secured $15 Million To Launch Its Truck Parking Platform

Little Rock-based startup, Truck Park Management, has secured $15 million in funding to begin the rollout of a nationwide truck parking network, aiming to create the largest platform for truck parking in the U.S.

The company seeks to address critical challenges faced by truck drivers and fleet operators by offering a reservation-based, secure parking solution. Along with this, the company will provide advanced lot management software, develop overnight parking areas with modern amenities, and offer property management services for truck yard owners, according to a press release.

To achieve these goals, Truck Park Management partnered with FoxDen Capital of Little Rock, as well as leading industry experts, to secure the $15 million investment required to launch its initiatives, company officials said.

“Our main objective is to improve the experience and value for truck drivers and the broader trucking industry,” said Danny Loe, CEO of Truck Park Management. “We’re dedicated to resolving the major issues of inconsistent and insufficient rest stops and parking. Our comprehensive strategy emphasizes safety, regulatory compliance, and high-quality amenities.”

Loe, formerly the president of Asset-Light Logistics at ArcBest, leads TPM alongside board members Todd Denton, James Reed, Gary Enzor, Jason Bates, Stephen LaFrance, and Shaleen Devgun.

A crucial part of Truck Park Management’s strategy is the Trucklots app, a platform designed to offer real-time parking reservations for drivers and fleets. It also features management tools for parking lot operators. The easy-to-use app simplifies the process of booking and checking in and out of reserved spots. TPM also offers a range of services, including both short-term and long-term parking, as well as parking lot management.

Truck Park Management aims to manage between 200 and 300 parking locations within the next five years, focusing on key highways and interstates as part of its nationwide network.

Read the original article here.

About Truck Park Management

TPM is driven by innovation. We’re more than just a parking management company. We’re a beacon for the trucking, real estate, and tech sectors, addressing the urgent needs of truck drivers with state-of-the-art facilities.