TravelPark LLC

TravelPark LLC is a company specializing in airport parking and car rental services, providing efficient mobility solutions for travelers across numerous countries worldwide. Founded in 2012, TravelPark LLC is based in Paris, France. The company operates in the airport parking and car rental sector, having undergone strategic developments since its inception. In February 2019, PSA Groupe acquired TravelPark, and the company has successfully completed a total of five funding deals.

Its latest funding round was a Series B, raising EUR 7. 486 mn from investors including MAIF and PSA Groupe, giving the company a current valuation of EUR 28. 376 mn. TravelCar specializes in airport parking and car rental services, delivering a streamlined experience for travelers across 62 countries.

The company offers competitive pricing on parking reservations and vehicle rentals, ensuring users have access to over 500,000 parking spaces and a wide array of car rental options from approximately 2,000 agencies. Customers benefit from features such as 24/7 surveillance in secured parking lots and complimentary shuttle transfers for hassle-free travel to and from the airport. The intended users of TravelCar's services encompass frequent fliers, business travelers, and tourists seeking reliable and cost-effective mobility solutions. The products are marketed directly to consumers, including individual travelers and corporate clients, with a focus on major airport regions such as the United States, Canada, and various European countries.

TravelCar generates revenue through a transaction-based model primarily centered on parking reservations and car rental services, with a reported revenue of EUR 21,619,867. 60 in the most recent year (2023). The company's EBITDA for this period is EUR -9,289,991. 80.

Customers book parking spaces and vehicle rentals through the company’s platform, with fees structured around the duration of the service and vehicle type. The company capitalizes on both direct-to-consumer sales and partnerships with local agencies to broaden its reach. While specific upcoming product launches have not been detailed, TravelPark aims to enhance its service offerings and expand into new markets beyond its current footprint. The funding received in 2019 is expected to support these growth initiatives, particularly in enhancing operational capabilities and market presence.

The company is strategically positioned to leverage its acquisition by PSA Groupe to explore additional opportunities in the airport mobility sector.