Westly Group completes Cleverciti’s $15m funding round

An investment from Silicon Valley-based venture capital firm Westly Group has completed smart parking technology firm Cleverciti Systems' $15m funding round, supporting the latter’s development of smart city environments. Westly Group is a utility, energy and sustainability company – which means the partnership will provide Cleverciti with access to international utility companies whose utility poles are intended to become future data hubs for smart cities. Thomas Hohenacker, Cleverciti founder and
May 4, 2018 Read time: 1 min

An investment from Silicon Valley-based venture capital firm Westly Group has completed smart parking technology firm Cleverciti Systems' $15m funding round, supporting the latter’s development of smart city environments.

Westly Group is a utility, energy and sustainability company – which means the partnership will provide Cleverciti with access to international utility companies whose utility poles are intended to become future data hubs for smart cities.

Thomas Hohenacker, Cleverciti founder and CEO,says that the company’s sensor technology generates real-time space-by-space parking data. A digital signage system will be used to visualise data at the poles.

Parking & Access Control

Related Content

  • Shock therapy: jolt for EV charging needed
    October 2, 2018
    As sales of electric vehicles accelerate, the growth of charging infrastructure is in need of a big boost. Graham Anderson reports on whether Europe is up to it. Utilities, technology companies and vehicle manufacturers are battling to put in place new charging networks for electric vehicles (EVs) across Europe in response to a predicted dramatic surge in demand. Market experts believe that rapidly falling battery costs – which make up about one third of the costs of an electric car – and growing
    Read More
  • StreetLight Data maps future
    February 20, 2019
    Laura Schewel of StreetLight Data talks to Adam Hill about the importance of measuring what you do – and about how paint will remain perhaps the most important piece of technology in the city planners’ armoury for a decade to come Transportation is dangerous, responsible for 30% of global cargo emissions today. Some experts believe that it will be responsible for 80% by 2050. And that’s before you even get on to the safety question - just ask tech entrepreneur Laura Schewel. “Transportation is getting wo
    Read More
  • ITS solutions to keep truck traffic moving
    June 8, 2015
    David Crawford reviews freight management initiatives. Managing truck traffic to minimise its environmental impacts, without adversely impacting on its critical economic role, continues to drive ITS-based solutions in both urban and interurban contexts.
    Read More
  • Ford, Uber and Lyft to share data through SharedStreets
    October 3, 2018
    Ford, Uber and Lyft will make data sets available on the SharedStreets platform in a bid to help cities and mobility companies manage congestion, cut greenhouse gases and reduce crashes. The commitment was announced at the second annual Bloomberg Global Business Forum in New York. SharedStreets is funded by the Bloomberg Philanthropies consortium. Its aim is to make it easier for the private sector to work with cities around the world and utilise data to improve mobility. According to Ford, the partn
    Read More

Highlighted Content