{"id":4166,"date":"2022-06-03T01:02:54","date_gmt":"2022-06-02T17:02:54","guid":{"rendered":"https:\/\/modalperdana.com\/porter\/?p=4166"},"modified":"2023-12-29T11:01:04","modified_gmt":"2023-12-29T03:01:04","slug":"shell-to-acquire-50-stake-in-parkeasy-app-developer-pixelbyte","status":"publish","type":"post","link":"https:\/\/kmp.vc\/porter\/shell-to-acquire-50-stake-in-parkeasy-app-developer-pixelbyte\/","title":{"rendered":"SHELL TO ACQUIRE 50% STAKE IN PARKEASY APP DEVELOPER, PIXELBYTE"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"https:\/\/www.businesstoday.com.my\/2022\/06\/03\/shell-to-acquire-50-stake-in-parkeasy-developer-pixelbyte\/\"><img decoding=\"async\" class=\"aligncenter  wp-image-4167\" src=\"https:\/\/kmp.vc\/porter\/wp-content\/uploads\/2022\/06\/Shell-Parkeasy-696x464-1.jpeg\" alt=\"\" width=\"647\" height=\"431\" srcset=\"https:\/\/kmp.vc\/porter\/wp-content\/uploads\/2022\/06\/Shell-Parkeasy-696x464-1-200x133.jpeg 200w, https:\/\/kmp.vc\/porter\/wp-content\/uploads\/2022\/06\/Shell-Parkeasy-696x464-1-300x200.jpeg 300w, https:\/\/kmp.vc\/porter\/wp-content\/uploads\/2022\/06\/Shell-Parkeasy-696x464-1-400x267.jpeg 400w, https:\/\/kmp.vc\/porter\/wp-content\/uploads\/2022\/06\/Shell-Parkeasy-696x464-1-600x400.jpeg 600w, https:\/\/kmp.vc\/porter\/wp-content\/uploads\/2022\/06\/Shell-Parkeasy-696x464-1.jpeg 696w\" sizes=\"(max-width: 647px) 100vw, 647px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Friday, 3 Jun 2022 Kuala Lumpur &#8211; Shell Malaysia Trading is looking to acquire 50% shareholding in Pixelbyte Sdn Bhd, the company operating ParkEasy \u2013 a mobile application software that allows drivers to find parking space in shopping malls and also offers a pre-booked slot for EV Charging.<\/p>\n<p>This investment is said to be Shell\u2019s first investment in a local Malaysian tech start-up that it hopes to establish a parking and e-mobility platform in Southeast Asia.<\/p>\n<p>Commenting on the deal, Seow Lee Ming, Shell\u2019s General Manager Mobility said \u201cDecarbonising Mobility and enabling better services to our customers through digital innovation are core to our Powering Progress strategy. We intend to make investments that will help us serve our customers better through the energy transition and pressures of modern living. We value this opportunity to partner with a young Malaysian start-up, and believe our combined strength will help us develop superior mobility products and services for our customers.\u201d<\/p>\n<p>ParkEasy will continue to operate under its existing management and name. Over the last 3 years, ParkEasy has grown its business from a parking reservation app to include other offerings such as sales of its proprietary smart parking solutions and electric vehicle charging bay management systems.<\/p>\n<p>\u201cAt ParkEasy, we continually look for new, easier ways for people to enjoy an upgraded parking experience. We are excited to have Shell as a partner, especially as they support our vision and belief that people should always utilize their most valuable resource, time, on the things that truly matter to them,\u201d said Warren Chan, Chief Executive Officer, Pixelbyte. The deal is expected to complete in the third quarter of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Friday, 3 Jun 2022 Kuala Lumpur &#8211; Shell Malaysia [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-4166","post","type-post","status-publish","format-standard","hentry","category-corporate-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHELL TO ACQUIRE 50% STAKE IN PARKEASY APP DEVELOPER, PIXELBYTE - KMP<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHELL TO ACQUIRE 50% STAKE IN PARKEASY APP DEVELOPER, PIXELBYTE - 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