Flash, an end-to-end parking technology platform, has secured $85 million in debt financing for a newly formed special-purpose vehicle (SPV) to propel growth and offer clients an expanded range of flexible payment options.
The debt capital, which can be increased up to $100 million, was provided by Vantage Infrastructure, an independent specialist infrastructure credit fund. Flash said it expects to extend the SPV structure and partnership with Vantage in future financings.
“We’re pleased to support Flash with a tailored financing solution that enables their team to continue to meet and exceed their clients’ need for better transport-related infrastructure,” said Nick Cleary, senior partner at Vantage. “This is a great example of the opportunity to upgrade and transform proven traditional infrastructure that saves time and costs for drivers and helps build out the EV charging network.”
Flash’s payment options allow clients to select among flexible