The contract represents a substantial step forward for Parkster, which is reported to have spent months preparing for this rollout. The first phase covers off-street parking, with garage integration planned for a second phase.

“Our goal is to continue offering our customers a simple and reliable parking experience. With the Parkster app, we are using an established solution that serves as our digital sales channel for parking,”

says Andreas Wieneke, CEO of DB BahnPark

This deal not only strengthens Parkster’s presence in Germany but also enhances its credibility and visibility in the region, already attracting new inquiries since the announcement.

“We are proud that DB BahnPark has entrusted us with this important digital service. For many travelers, the journey doesn’t begin and end at the platform, it starts and finishes with the drive to and from the parking area. Parkster is a reliable companion for both everyday and work-related trips. We look forward to welcoming train travelers as users and making parking as simple as possible for them.”

says Elin Keim, Country Manager Germany

Rapidus also reports in the news, and that Parkster’s financial outlook remains strong, with the company on track to process €180 million (SEK 2 billion) in parking fees this year. However, the majority of these funds flow through to municipalities and landowners, while Parkster’s net revenue, derived from value-added services linked to its app, is projected to reach € 27 million (SEK 300 million) in 2026, which is a 20% growth from the previous year.

Beyond Sweden and Germany, Parkster is also reported to have secured a new contract in Vienna, Austria, reinforcing its focus on these three key markets. While the company currently prioritizes these regions, further announcements may be on the horizon later this year.

Founded in 2010 by Henrik Hallgren, Parkster has grown significantly over the years. Henrik Hallgren remains the largest shareholder, followed by the Eklund family and co-founder Anders Davoust.

The post Parkster Secures Major Contract with Deutsche Bahn, Expanding Across 170 Train Stations in Germany appeared first on Øresund Startups.

The company’s revenue for the year reached SEK 1.1 billion, marking an increase from SEK 920 million in 2022. Despite the revenue growth, the profit after financial items was SEK 11.9 million.

Parkster’s growth is particularly notable given the competitive landscape, with rival Easypark operating in over 3000 cities and reporting a net revenue of SEK 416 million with a profit of SEK 66 million in 2022.

Founded by Henrik Hallgren during his university studies 12 years ago, Parkster has grown substantially. Breakit reports Parkster has raised approximately SEK 35 million since its inception.

The post Lund-based Parkster Surpasses SEK 1 Billion in Revenue Amidst Expansion appeared first on Øresund Startups.

We wish them the best of luck the 28th of November!

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