Croydon technology company Hozah has raised a seven-figure investment in its innovative touch-less solution for car parking payments.
Croydon, March 2021: Suss Ventures have contributed a six-figure sum alongside a multi-million investment drive. This raise marks a huge success for Suss Ventures who are synonymous with sourcing sustainable businesses for their community of impact-driven investors and corporate partners. The zero-effort payment system eliminates the worry of parking fines and is completely cashless, automated and secure.
David Fowle, Managing Director of Hozah, said: "We're delighted to have received this investment through Suss Ventures, which is a real show of faith in our capability to revolutionise the UK's car park infrastructure. We look forward to using these funds to help our customer avoid parking fines, frustrating apps and tickets, and we’re proud of our relationship with the team at Suss Ventures."
What is Hozah?
David Fowle and Naomi Bishop founded Hozah in 2017 with the vision of transforming the UK’s car park infrastructure. Payment systems are often unclear and often leave people rushing back for a predetermined parking allocation time, which can build unnecessary costs for the driver. Their fully automated parking payment system connects drivers' credit/debit cards to number plate ANPR recognition cameras which detect when drivers enter and exit Hozah-enabled car parks. The parking fees are then automatically billed for the length of their stay without any action required by the driver.
They work closely with local authorities to offer their residents a better way to pay for parking and currently headquartered in Croydon. They work with several nationwide councils such as Croydon, Coventry, and Oxford and are beginning to trail with other nationwide councils. Hozah was named Best Business for Digital, Data and Technology at the Croydon Business Excellence Awards Ceremony 2019, with David Fowle highly commended in the hotly contested Entrepreneur of the Year award.
Nigel Lambe, CEO at Sussex Innovation, said: “It’s brilliant that businesses like Hozah are able to streamline parking systems that can be a pain for many drivers like myself. The investment is the latest step in a long-term relationship between Sussex Innovation and Hozah, who have been members of the business incubator since 2018. Hozah’s latest round of investment is part of our drive at Sussex Innovation to support innovative businesses on their journey from start-up to scale-up.”
How does it work?
That platform enables users to park and go with a one-time sign up that simply requires your number plate and payment details. Once set up, users will be charged automatically for their length of stay when you enter a Hozah-enabled car park, without the need to do anything else. Users no longer have to worry about parking fines because their car is now their payment card. No cash, no apps, no fines, and no more waiting at the ticket machine.
Their user feedback is a clear testament of their efficiency:
“Hozah is brilliant because I don’t have to worry about finding loose change.” – Mia from York.
“I used the car park regularly and this is perfect for me as I always have my toddler with me” – Kate from Sheffield.
“Very happy with Hozah over the last year, just got a new car and already added the new car reg to my Hozah account which couldn’t be simpler.” – John from Coventry.
Sign up for your Hozah account on their site https://hozah.com/.
Note to editors:
For more information, photography, or to arrange an interview with any of the parties mentioned in this press release, please contact the Suss Ventures Marketing Manager:
Emma Chau – 07940769183/ email@example.com
About Suss Ventures:
Suss Ventures, founded in 2019 by Head of Investments at Sussex Innovation Laurence Grant, is the investor matching service of Sussex Innovation. The business incubator backed by the University of Sussex works with innovative start-ups and scale-ups to help them understand their market. The network brings together the South East’s most innovative and sustainable start-ups and high net worth individuals together to accelerate the growth of high potential businesses. Suss Ventures have since welcomed over 100 innovative founders and active investors into their community.
About Sussex Innovation:
Sussex Innovation is a business incubation network for entrepreneurs, start-ups, scale-ups and corporate innovators, with offices located in Brighton and Croydon. Its third site due to open in Brighton city centre. With 24 years’ experience, headquartered at the University of Sussex, its members are ambitious companies who help to solve problems in innovative ways. Since its foundation in 1996, it has helped more than 600 businesses of all sizes, providing them with the strategic insight to achieve high growth, and the practical resources to manage that growth sustainably. As of 2019, it hosts more than 150 member companies, across a range of sectors from the forefront of engineering and biomedical research to digital media and app development.
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