NRMA takes stake in Divvy Parking
Staff ReporterDecember 7, 2020
The founders of smart parking startup Divvy Parking have given away 40 per cent of their business to automotive insurance industry incumbent, the National Road and Motorists Association.
Divvy Parking allows customers to book spare parking spaces inside commercial buildings.
Divvy said the investment from the NRMA would help it accelerate the rollout of a new enterprise platform and also allows its to access more commuters through the NRMA network.
The NRMA runs the Jumpstart accelerator program which provides entrepreneurs who have developed products which fit within the industry.
The NRMA would not reveal the size of the investment it had taken in Divvy.