Uber Moves Into Parking in Deal to Acquire SpotHero
Uber has made a significant move into the parking industry with its acquisition of SpotHero, a leading parking reservation platform. The deal, which was announced on February 25, 2026, will see Uber acquire over 13,000 parking locations across the United States.
The acquisition is aimed at commuters, large events, and airports, and is seen as a strategic move by Uber to expand its services beyond ride-hailing. SpotHero's platform allows users to reserve parking spots in advance, making it easier for people to find and book parking in busy cities.
The deal is expected to benefit both Uber and SpotHero, with Uber gaining access to a large network of parking locations and SpotHero gaining the resources and expertise of a major technology company.
The acquisition is the latest move by Uber to expand its services and improve the user experience. In recent years, the company has launched a range of new features and services, including food delivery, bike-sharing, and electric scooter rentals.
The deal is also seen as a sign of the growing importance of the parking industry, with more and more people looking for convenient and affordable parking options.
Uber's acquisition of SpotHero is a significant development in the parking industry, and is likely to have a major impact on the way people park and move around cities.