Uber announced on February 23 2026 that it will acquire SpotHero, a parking‑reservation platform that operates more than 13,000 garages, lots and valet locations across more than 400 cities in the United States and Canada. The deal will bring SpotHero’s parking‑booking capabilities directly into the Uber app, allowing users to search for, reserve and pay for parking in real time while they plan rides, deliveries or other trips.
SpotHero, founded in 2011, has grown through acquisitions of ParkPlease, Parking Panda and Rover Parking. The platform operates a marketplace that earns a commission of 10‑30% on each transaction. The acquisition is expected to close in the first half of 2026, subject to regulatory approval and customary closing conditions.
Uber’s CEO Dara Khosrowshahi said, "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." The move adds a high‑margin, high‑frequency revenue stream and expands Uber’s "super app" strategy.
SpotHero CEO Mark Lawrence added, "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." The partnership is expected to keep SpotHero operating as a standalone unit while leveraging Uber’s distribution and data analytics.
The acquisition positions Uber to compete with other mobility platforms that are adding ancillary services such as toll payments and vehicle‑sharing. It also provides Uber with valuable parking data that can inform autonomous vehicle operations and enhance Uber One benefits for subscription members.
Investors responded positively to the announcement, reflecting confidence in Uber’s ability to capture a larger share of the urban mobility ecosystem and to monetize its extensive user base through new services.
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