Flash, a global provider of cloud parking software and mobility transformation, has expanded its strategic partnership with Brookfield, including a $40 million strategic investment from Brookfield’s technology growth investment arm. The goal is to evolve the tenant experience to fully leverage the connected mobility and vehicle electrification solutions from Flash across Brookfield’s properties in Smart Cities around the world.
“Flash’s best-in-class mobility hub operating system will allow Brookfield to integrate our investments in real estate, construction, infrastructure, and climate technology that are leading the transformation toward smarter, connected cities,” said Josh Raffaelli, managing partner at Brookfield. “Consumers and tenants are seeking a seamless and personalized experience. Our partnership will drive the transformation of urban mobility and the real estate landscape — setting the new standard for a more efficient, cleaner and cost-effective ecosystem.”
This strategic partnership will enhance Brookfield’s portfolio of office, residential, retail and hospitality assets with integrated, digital solutions for seamless access through machine-vision, real-time parking and EV charging reservations, convenient mobile payments, and a suite of digital management and intelligence tools. Flash’s solutions are used at over 15,000 customer locations across all major U.S. cities and Canada. The company’s integrations with major automakers, entertainment and hospitality leaders, and global mapping, navigation and payment platforms connect urban real estate with hundreds of millions of potential customers.
“The impact of this expanded partnership goes far beyond Flash and Brookfield. This is a major industry step towards the transformation of global real estate assets into a dynamic network of connected mobility hubs, bringing us all closer to achieving our goals for an integrated smart city ecosystem,” said Dan Sharplin, executive chairman and CEO of FLASH. “Flash and Brookfield are 100% aligned in this transformative vision and committed to working together to fully connect the driver experience and modernize our cities.”
