Saudi Arabia-based smart mobility and parking solutions provider, Arsann, has secured a strategic investment of SAR 100 million (approximately USD 26.7 million) from Merak Capital. The funding is earmarked to accelerate the modernization of the Kingdom’s urban mobility infrastructure, aligning with the smart city objectives outlined in Vision 2030.
Scaling Smart City Infrastructure
Founded in 2017, Arsann has established itself as a leader in Saudi Arabia’s smart parking sector, operating over 270 active sites and having managed more than 10 million parked vehicles. The company’s IoT-enabled systems and digital payment solutions are designed to optimize parking flow, reduce traffic congestion, and enhance accessibility across various sectors, including retail, healthcare, aviation, and hospitality. With the new capital from Merak Capital, Arsann plans to scale its technology and data capabilities significantly. This expansion will prepare the company for participation in the nation’s giga-projects and major national events, as well as facilitate its entry into municipal on-street networks to provide real-time data on parking availability and traffic flow.
Data-Driven Mobility Solutions
Arsann’s core technology turns traditional parking assets into data-driven revenue centers for property owners while offering a seamless, cashless experience for drivers. Its proprietary Parking Operating System (Parking OS) integrates advanced technologies such as license plate recognition and digital payments to create a more reliable and efficient urban mobility ecosystem.
This digital-first approach not only simplifies parking but also provides valuable data for urban planning and traffic management. Mahmoud Ghulman, Chairman of Arsann, stated, “From the start, Arsann set out to enable economic growth through opportunity—not just by building technology, but by empowering the people who move our cities. This investment allows us to scale that mission and deepen our contribution to the national economy.”
Fueling the Local Economy
Beyond its technological contributions, Arsann is creating new economic opportunities within Saudi Arabia’s growing gig economy. By utilizing its matching and management technologies, the company has built a network of on-ground operators and mobility service providers, supporting local job creation and value generation. This strategy aligns with Merak Capital’s conviction in backing national champions that drive both technological innovation and economic impact. Mohannad Alfayez, Partner and Head of Capital Formation at Merak Capital, added, “Our investment in Arsann reflects Merak’s conviction that technology and infrastructure can work together to deliver meaningful impact—supporting national priorities and expanding opportunities for Saudi talent.”
About Arsann
Founded in 2017, Arsann is Saudi Arabia’s leading provider of smart parking and mobility solutions. The company integrates advanced technologies to modernize and optimize parking infrastructure across the Kingdom. With over 270 active sites and more than 10 million vehicles served, Arsann is expanding its footprint through on-street, off-street, and valet operations to deliver smarter, more efficient urban mobility experiences.
About Merak Capital
Merak Capital is a Saudi-based multi-strategy investment firm focused on technology-driven opportunities. The firm partners with visionary founders and enterprises driving transformation and sustainable growth. Merak Capital’s strategy is centered on identifying high-growth companies in sectors of strategic importance to the Kingdom and the wider region.
Source: Zawya
