Revolutionizing parking: BayBG invests in AI-based automated parking systems provider

Munich-based company Parkstory enables up to 50% more parking capacity

Munich, October 14, 2024. BayBG Bayerische Beteiligungsgesellschaft is investing €1 million in Parkstory, Germany’s first one-stop shop for fully automated parking systems. The Munich-based company has developed an AI-based solution that parks vehicles using rotating and lifting modules in a highly space-efficient “chessboard” layout. This approach can increase parking capacity by up to 50% – a key advantage for real estate developers, municipalities and operators of existing parking facilities. In addition, Parkstory integrates intelligent EV charging solutions.

Parkstory offers a comprehensive range of services, covering the entire lifecycle of parking systems – from planning and construction to commissioning, service and maintenance. Its customers include architects, real estate developers, contractors, investors and municipalities seeking to build new parking solutions or retrofit existing garages.

Peter Herreiner, Managing Director of BayBG:
“The comprehensive solution offered by Parkstory presents strong growth potential. Market conditions are highly promising, as demand for parking space continues to increase. More efficient use of existing space is both an innovative and sustainable solution.”

Christian Fiederling, Head of Growth Capital at BayBG, added:
“Parkstory’s patented system is highly advanced and delivers clear added value for operators and developers. It enables additional revenue streams, supports long-term economic success and contributes to solving urban parking challenges. Given regulatory requirements for minimum parking spaces, Parkstory is a true game changer.”

The system not only significantly increases capacity but also enhances user convenience: drivers simply leave their vehicle in a spacious, monitored transfer cabin, while the fully automated system takes care of the parking process.

Jürgen Lukas from Parkstory commented:
“Demand for intelligent and space-saving parking solutions is growing rapidly, both in new developments and in high-traffic urban parking facilities. With BayBG as our financial partner, we can fully leverage these opportunities. The additional capital will be invested in production, product development and sales to further expand our capabilities.”