PAVE Mobility Reorganizes, Secures Additional Capital to Fuel Growth and Expansion Plans
PAVE Mobility, a parking-enforcement solutions provider that offers powerful and user-friendly tools to simplify parking operations and enforcement, today announced that it has completed a corporate reorganization and capital raise to fund growth and position the company for future expansion.
- PAVE Mobility, a parking-enforcement solutions provider that offers powerful and user-friendly tools to simplify parking operations and enforcement, today announced that it has completed a corporate reorganization and capital raise to fund growth and position the company for future expansion.
- The transaction was led by US Infravest Managers L.P. (“USIV”) a NY-based, SEC registered investment advisor with capital provided by several leading institutional investors.
- The additional funding will propel PAVE’s industry leading enforcement solution with investments in business intelligence, R&D and client success initiatives.
- “We are fortunate to have been able to attract high quality investors who believe in PAVE and the future of automated vehicle enforcement.