Key Takeaways
- Uber is considering acquiring SpotHero, a parking app.
- SpotHero allows users to find and book parking spots in advance.
Uber, the global ride-hailing and delivery platform, is considering a deal to acquire SpotHero, a parking app that enables users to find and book parking spots in advance across cities, according to The Information.
The potential acquisition would allow Uber to expand into parking services, complementing its existing ride-hailing operations.
The Chicago-based parking reservation platform raised approximately $118 million across multiple venture funding rounds, most recently securing $50 million in a 2019 Series D led by Macquarie Capital.
Building on that growth, SpotHero entered into a partnership with Uber in late November 2023 to support the launch of Uber’s peer-to-peer car-sharing service, Uber Carshare, in North America. The service shut down in September 2024.
