Name: LocoMobi World
Headquarters: Toronto, Canada
Industry: Parking and Transportation Management
Year of Deal: 2015
LocoMobi World is a technology company that offers a suite of hardware and cloud-based software products and services for parking and transportation management. Parking is a major cause of congestion in city traffic, and in many cases, up to 30% of driving in a city is spent looking for parking. Cars operate in their least efficient and most carbon intensive mode (frequent stops and starts) in city driving. LocoMobi’s solutions help solve this logistics problem, removing cars from the road efficiently, and enabling cities to deploy smarter infrastructure.