Uber Technologies and SpotHero announced they have reached an agreement for Uber to acquire SpotHero, adding parking reservations to the Uber app as the ride-hailing and mobility platform expands its travel offerings.
Founded in 2011, SpotHero has grown into a leading parking reservation app, enabling millions of drivers to find and book affordable parking at more than 13,000 garages, lots, and valet locations across more than 400 cities in the U.S. and Canada. The company has facilitated over $2 billion in parking reservations.
Uber plans to integrate a native, in-app parking reservation experience powered by SpotHero. The feature will focus on commuter parking as well as reservations at events, venues, and airports. Over time, Uber One members are also expected to receive parking-related benefits as part of their subscription.
For parking operators currently working with SpotHero, the transaction is expected to provide access to Uber’s broad consumer base, along with its network of vehicle charging and fleet partners.
The acquisition remains subject to regulatory approval and other customary closing conditions and is expected to close in the first half of 2026.
Founded in 2010, Uber has facilitated more than 72 billion trips globally and continues to expand its platform across mobility, delivery, and logistics. SpotHero operates as a digital parking marketplace across North America, partnering with parking operators to help drive visibility and digital revenue growth.
KEY QUOTES:
“We’ve built Uber around giving people more ways to get around without needing a car. But for the moments when people do choose to drive, SpotHero on the Uber app will make the experience easier than ever, and bring more people into the Uber ecosystem.”
Dara Khosrowshahi, CEO of Uber
“We’ve spent 15 years building SpotHero into the most trusted, high-performing digital parking network in North America. Joining forces with Uber will allow us to bring that experience to millions more drivers and make parking a natural part of the Uber platform.”
Mark Lawrence, CEO of SpotHero
