Global partnership enhances Telenav’s VIVID
Commerce solution for automotive OEMs
Telenav®, Inc. (NASDAQ: TNAV), a leading provider of
connected-car and location-based services, and Parkopedia, the
world's leading parking-services provider, have jointly announced a
global technology partnership. Telenav’s In-Car Commerce (ICC)
products and services for automotive OEMs will feature Parkopedia’s
on-and off-street parking information and an ability to reserve and
pay for off-street parking.
VIVID Commerce™, part of Telenav’s VIVID™ connected-car
platform, enables merchants to offer in-car commerce to drivers and
passengers in a safe and convenient manner. The partnership with
Parkopedia and its integration into VIVID Commerce means that
consumers will be able to search, reserve, and pay for parking
directly from their vehicle. VIVID Commerce with Parkopedia
leverages in-vehicle navigation to intelligently find and reserve
parking spots based on arrival times. Furthermore, the solution
includes the latest in voice assistance and natural language
technologies to ensure drivers and passengers can do all this with
the safety of simply using their voice.
“Parkopedia is enabling us to further our commitment to
delightful driving experiences by bringing a simple solution to the
frustrating issue of finding and paying for parking,” remarked Sal
Dhanani, Telenav co-founder and chief operating officer. “Our
solution will let OEMs deliver even more value-added services to
their customers.”
Parkopedia’s full portfolio of services, covering off-street
(garage) and on-street parking, and payment solutions, ensures
drivers can find, reserve, and pay for parking across 15,000 cities
in 89 countries.
“This partnership between two global leaders in automotive
connected services brings an added value to car manufacturers as
well as parking operators around the world. Not to mention, it’s
perfect for drivers, as it provides them a safe and convenient
on-the-go means to find parking near their destination,” said
Parkopedia’s COO Hans Puvogel.
About Telenav
Telenav is a leading provider of connected car and
location-based services, focused on transforming life on the go for
people - before, during, and after every drive. Leveraging our
location platform, we enable our customers to deliver custom
connected car and mobile experiences. To learn more about how
Telenav’s location platform powers personalized navigation,
mapping, big data intelligence, social driving, and location-based
advertising, visit www.telenav.com.
About Parkopedia
Parkopedia is the world’s leading parking services provider used
by millions of drivers and organizations such as Audi, Apple, BMW,
Ford, Garmin, GM, Jaguar, Land Rover, Mercedes-Benz, Peugeot,
Sygic, TomTom, Toyota, Volkswagen, Volvo, and many others.
Parkopedia is available in 15,000 cities across 89 countries
globally, covering over 70 million parking spaces, helping drivers
take the pain out of parking. Parkopedia helps drivers find the
closest, cheapest, or available parking to their destination, pay
in selected locations, and navigate directly to the parking
space.
Parkopedia is also a founding member of the Autonomous Valet
Parking consortium, developing highly detailed parking maps and
corresponding algorithms to help self-driving vehicles navigate to
an open parking space and park autonomously. Visit
www.parkopedia.com or business.parkopedia.com for more
information.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements relate to anticipated
partnership between Telenav and Alpine and development and
availability of a VIVID-Alpine infotainment product, such product’s
offering and performance and market penetration, market financial
performance, management’s plans and objectives for future
operations, business prospects, and other matters. Any
forward-looking statement made in this press release speaks only as
of the date on which it is made. Telenav undertakes no obligation
to publicly update or revise any forward-looking statement, whether
as a result of new information, future developments or otherwise.
Forward-looking statements can be identified by various words such
as “expects,” “intends,” “will,” “anticipates,” “believes,”
“confident,” “continue,” “propose,” “seeks,” “could,” “may,”
“should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,”
“targets,” “planned,” “projects,” and similar expressions. These
forward-looking statements are based on management’s current
beliefs and assumptions and on information currently available to
management. Telenav cautions that these statements are subject to
risks and uncertainties, many of which are outside of Telenav’s
control and could cause future events or results to be materially
different from those stated or implied in this document, or to not
occur at all, including among others, risk factors that are
described in Telenav’s Annual Report on Form 10-K and quarterly
report on Form 10-Q, and other filings with the U.S. Securities and
Exchange Commission (“SEC”), which are available at the SEC’s
website at www.sec.gov. Given these uncertainties, you should not
place undue reliance on these forward-looking statements.
Copyright 2020 Telenav, Inc. All Rights Reserved.
“Telenav” and the “Telenav” logo are registered trademarks and
“VIVID” is a trademark of Telenav, Inc. Unless otherwise noted, all
other trademarks, service marks, and logos used in this press
release are the trademarks, service marks or logos of their
respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20200609005050/en/
Media Contact Raphel Finelli Telenav, Inc. 408-667-5970
Raphelf@telenav.com
Media Contact Roshni Sudra Parkopedia +44 (0)794 342 0409
roshni.sudra@parkopedia.com
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