“The regulated parking company will increase its fleet with a further 500 electric cars and bid for business in France amounting to 750 million euros.”
Eysa, the regulated parking group controlled by the venture capital fund Portobello, bases most of its growth expectations on the new urban mobility formulas in Spain and elsewhere. One of the main target countries will be France, where a change in the legislation on traffic violations in cities approved last year has led to an avalanche of tenders to outsource regulated parking services.
According to Javier Delgado, the CEO of Eysa, “we submitted a bid for the Paris tender and we have been shortlisted for Strasbourg and Chambery”. Last year, the Eysa group delivered 80 million euros in revenues, 6% more than in the previous year, and 2 million euros in profit, 20% higher.
France is a key market for Eysa since the expectations for the regulated parking business amount to around 750 million euros per year. Nevertheless, the company is also paying close attention to the tenders in several Latin American cities, namely in Colombia, Mexico, Peru and Brazil.
The company’s other major diversification focuses on the new urban mobility mechanisms. The main one is Emov, the joint venture with the PSA group, to develop exclusively car-sharing in Spain and Portugal. The joint venture (51% owned by Eysa), which was launched at the end of last year with a fleet of 500 vehicles in Madrid, has been a complete success. According to Eysa’s CEO, “we are eight months ahead of our business plan, with over 8,000 users”. Eysa and PSA will expand the fleet with a further 250 cars in Madrid and a similar amount will be used to start the operation in Lisbon. According to Eysa’s CEO, “in Spain, the price continues to be subsidized with 19 cents per kilometer but, in other European cities, 30 cents are already being charged,” thus highlighting the performance of this business, which has transformed mobility in the cities.
Eysa, the leading regulated car parking company in Spain, manages, together with other contractors, on-street parkings in Madrid, accounting for 40% of the business generated by the company in this activity. The group is awaiting the city council’s decision to expand regulated parking beyond the M-30 road’s boundaries. The company’s other development area is collaborative parking. “We could call this reliable rent from private parking.” The purpose is to include in the company’s mobile app (ElParking) a network of private garages (a pilot experience has already been carried out) which enables users to access the service using the door opening technology developed by Eysa (which costs around 100 euros).
Original news for expansion