Cleverciti Systems' Intelligent Parking Solutions Reduce Traffic and Emissions

After a rigorous selection process involving hundreds of world-class companies from across the UK and Europe, Cleverciti Systems has been chosen to join 10 other growth-stage ventures in the 2018 Unreasonable Impact UK and Europe programme.

Through 5 December 2018, these entrepreneurs, on a mission to generate thousands of future jobs in the emerging green economy, will learn how to scale their companies faster at the third annual Unreasonable Impact UK and Europe programme. Unreasonable Impact is an innovative multi-year partnership between Barclays and Unreasonable Group to launch the world’s first international network of accelerators focused on scaling up entrepreneurial solutions that will help employ thousands worldwide while solving some of our most pressing societal challenges.

“We are excited to be a part of this year’s Unreasonable Impact programme alongside so many other innovative companies who are making a positive impact in communities across the globe,” said Thomas Hohenacker, CEO, Cleverciti Systems.“Our smart parking solutions are already having an impact in cities that needed to better manage their traffic and reduce emissions.”

Cleverciti Systems designs and provides intelligent and highly efficient solutions for outdoor and on-street parking detection, monitoring and guidance. As a leader in intelligent parking solutions, Cleverciti helps cities and organizations reduce traffic and emissions, as well as increase revenue while allowing drivers to enjoy a smooth, stress-free parking experience. Powered by the IoT, Cleverciti’s clever parking sensors harness the power of AI and machine learning to help organizations make informed decisions about their parking assets. The Cleverciti solution includes sensors that are installed in lampposts rather than in-ground, streamlining installation by using existing infrastructure and maximizing results.

Each programme is an immersive two-week gathering designed to support growth-stage ventures with bespoke advice and guidance from a global community of mentors and industry specialists, including experts from across Barclays. The companies have each been selected to participate based on their potential to create at least 500 jobs in the green economy within the next five years.

During the two-week intensive program, Cleverciti will receive mentorship and advice from business experts and serial entrepreneurs, including Tom Chi, former head of experience at Google X; Rt. Hon. Sir Stephen O’Brien KBE, a businessman, politician, diplomat, industrialist, and lawyer who recently served as United Nations Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator; in addition to several senior leaders from across Barclays. The program will take place just outside of London and include an exhibition event in London where Cleverciti will showcase their innovation.

Daniel Epstein, founder and CEO of Unreasonable Group, said, “We’re incredibly excited to bring this new group of ground-breaking ventures into the Unreasonable Impact global community and support them on their journey of delivering high-impact, rapidly scaling solutions to problems the world previously thought were impossible to solve. These companies truly represent the future titans of industry.”

Alisdair Gayne, Head of UK Investment Banking, Barclays, says, “Barclays wants to create jobs in sectors that are important to the global economy and benefit society as a whole. This is our third year, and we are excited about the next stage of the programme and helping these new ventures to grow.”

After two full years of programmes, Unreasonable Impact’s community of over 70 ventures currently impacts over 105 million people, operates in over 180 countries, supports nearly 20,000 jobs and has raised a combined USD $1.3m in total financing to date. As the third year of programmes continues, Cleverciti will join this notable global network in its shared effort to create thousands of jobs on the frontier of the green economy.

For more information, visit unreasonableimpact.com.

About Cleverciti Systems 

Cleverciti Systems is the leader in comprehensive, high-tech solutions for outdoor and on-street parking detection, monitoring and guidance. Cleverciti provides organizations with a robust and highly reliable solution that enhances convenience, builds loyalty and boosts engagement, allowing our customers to maximize ROI and streamline the parking experience. Its end-to-end solutions are designed to strengthen parking detection, improve guidance, and enhance communication. ´Cleverciti seeks to help organizations reduce traffic and emissions, and increase revenue while allowing drivers to enjoy a smooth, stress-free parking experience. The company is headquartered in Munich, Germany, with offices in Chicago. To learn more, visit www.cleverciti.com.

About Barclays

Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 80,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit www.home.barclays

About Unreasonable Group

Unreasonable’s mission is to drive resources to and break down barriers for entrepreneurs solving key global challenges (i.e. ensuring renewable energy reaches the 1.3 billion people currently without electricity, reimagining the future of healthcare, or addressing the global unemployment crisis). Through running worldwide accelerator programmes, a globally oriented private equity fund, an extensive network of over 300 serial business leaders as mentors, and advanced storytelling and media activities, Unreasonable is designed to exclusively support entrepreneurs positioned to solve society’s toughest problems. For more information about Unreasonable, please visit www.unreasonablegroup.com.

About Unreasonable Impact, created with Barclays

Unreasonable Impact is an innovative multi-year partnership between Barclays and Unreasonable Group to launch the world’s first international network of accelerators focused on scaling up entrepreneurial solutions that will help employ thousands worldwide in the emerging green economy. Since 2016, Unreasonable Impact has hosted programs each year in three distinct markets: the Americas, UK and Europe, and Asia Pacific. To date, the 70-plus ventures that comprise the global cohort operate in over 180 countries, have raised over USD $1.3bn in funding, have generated over USD $1.1bn in revenue, and support almost 20,000 jobs.