The investment will be used for the development of the mobile parking application introducing new functionalities.
Pango offers parking garage locator services, valet parking, and location-based coupons.
Pangos technology launched across Israel in 2007 and currently has 800,000 users recording 2 million monthly parking transactions. The Companys technology is currently licensed and in use in the Israeli market, the Czech Republic, Germany, Greece, and Poland.
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