OTS - PropTech PAYUCA acquires Series A investment
2023. February 21. 08:53
Vienna, 21 February, 2023 (APA/OTS) - Vienna-based PropTech PAYUCA
has made it its mission to make parking and charging cars in
residential rental buildings as easy as possible. Now the company
successfully closed its Series A financing round.
Picture is available at website:
http://ots.mti.hu/Pages/Picture.aspx?fi=OTS_20230221_001.jpg
Known for its PAYUCA Smart Parking app with over 50,000
registered users, which enables short-term parkers in Vienna to
locate and use available parking spaces in private underground
garages quickly and easily, PAYUCA has now expanded its business
model to include the digitization and electrification of the entire
garage, especially in residential rental buildings. Today, the
upcoming company is led by Co-Founder and Co-CEO Dominik Wegmayer
and his brother, Co-CEO Wolfgang Wegmayer.
PAYUCA as an ideal partner for the housing industry
With its short-term parking app, PAYUCA enables housing
companies and rental building owners to efficiently provide
unrented and thus vacant parking spaces to short-term parkers and
thus generate an additional income. All this works via the
intelligent access system installed by PAYUCA for all relevant
gates, entrance, and intermediate doors in the building, which is
controlled via an app. PAYUCA takes care of the entire transaction
with the short- term parkers and pays the generated revenue
directly to the owners. Via a dashboard, PAYUCA also enables
property managers to handle the garage management of long-term
parkers via their intelligent access system. This not only makes
keys and remote transmitters obsolete, but also saves property
managers the enormous administrative effort involved in handovers,
handling deposits, and in the case of loss or theft of keys or
cards. Since 2021, PAYUCA has also been offering rental house
owners uncomplicated pre-fitting of e-charging stations for
permanently rented garage parking spaces with their product "Smart
Charging".
In autumn 2022, PAYUCA also expanded its business model to the
German market: With the Berlin housing company degewo, a German big
player has already been won, and since then the first underground
garages of Berlin apartment buildings have already been completely
digitalized and electrified.
New capital for the German roll-out
The newly acquired capital from the Series A financing round
will now be used for the further expansion of PAYUCA in Germany. In
addition to Berlin, other major German cities are to follow soon.
The aim is to convince the German housing industry of PAYUCA's
smart complete solutions. The financing round was raised by the
international investor ABB E-mobility AG. The exact amount of the
investment was kept confidential.
About PAYUCA
PAYUCA aims to make off-street car parking and e-charging as
easy as possible. With the PAYUCA Smart Parking app, the Austrian
company has been successfully covering short term parking needs for
more than 50,000 registered users at over 100 garage locations in
Austria and Germany since 2017. With its solutions for the housing
industry, PAYUCA focuses on classic residential rental buildings
with a simple ownership structure. Property owners and property
managers can thus not only monetize their vacant parking spaces and
manage their long-term parkers easily and digitally, but also
cost-effectively pre-equip their garage for the ramp-up of
e-mobility. PAYUCA currently employs around 35 people.
Further information: www.payuca.com/en
Photo credit
The use of the pictures is free of charge for editorial
purposes if the photo credit "Philipp Schuster" is mentioned.
Contact and queries:
PAYUCA GmbH
Wolfgang Wegmayer Co-CEO
T: +43 676 506 21 29
E: ww@payuca.com
Press inquiries:
epmedia Werbeagentur GmbH Celine Whyte
T: +43 699 17 19 3118
E: celine.whyte@epmedia.at
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