Uber Strikes Into Parking in Deal to Purchase SpotHero
Uber has agreed to amass SpotHero, the digital parking market, in a transfer that expands Uber’s ambitions past ride-hailing and supply. The deal was introduced on Monday and is anticipated to shut within the first half of 2026, pending regulatory approvals. Monetary phrases weren’t disclosed.
SpotHero lets drivers reserve and pay for parking prematurely, with protection spanning greater than 13,000 garages, tons and valet areas throughout over 400 cities within the US and Canada.
Uber mentioned the corporate plans to combine SpotHero’s parking providers instantly into its app, giving clients an alternative choice for planning journeys that contain driving quite than rides.
The acquisition suits into Uber’s broader push to turn out to be a one-stop transportation app. In recent times, the corporate has aggressively expanded into meals supply, grocery orders, automotive leases, courier providers, transit integrations and subscriptions by way of Uber One. Parking reservations can simply be bundled into that ecosystem, which might be notably helpful for commuters, airport vacationers and other people attending giant occasions.
For SpotHero, the deal affords entry to Uber’s huge consumer base and deeper integration into on a regular basis journey planning. The corporate will proceed working with parking operators whereas its know-how is folded into Uber’s platform.
