‍Philippines, ready for parking to get easier? Parkwise develops parking facilities co-located at healthcare, education, and transport hubs in major cities across the country. 

Investor check. PATRIZIA and Mitsui invested through their APAC Sustainable Fund (A-SIF).

• They are targeting to invest up to $250M through fund and co-investments in Parkwise. 

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🅿️ More on Parkwise

The firm already has one operational facility, and has identified several prime locations!

• Promoting low-carbon transition. Parkwise plans to feature EV charging stations and integrated rooftop solar to make sure their mobility solutions are climate-friendly.

Origin story. The firm was founded in partnership with local market sector leaders who already manage more than 80 facilities.

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🚗 Why it matters

Ever been to Manila, the capital of the Philippines? Well, it’s a beautiful city…but it’s got one of the worst traffic congestion in the world! 

• Parkwise sees their off-street parking facility as a solution. With a focus on innovation and customer experience, it wants to scale off-street parking in locations where demand for parking is high.