TLDR
- Uber is buying parking app SpotHero in a deal with undisclosed terms.
- SpotHero will be built into the Uber app for parking at events, venues and airports.
- The platform covers 13,000+ parking spots across 400+ cities in the U.S. and Canada.
- Uber One members will get parking benefits as part of their subscription.
- The acquisition is expected to close before the end of June 2026.
Uber is acquiring SpotHero, adding parking reservations to its app in the company’s latest push beyond ride-hailing.
The price tag was not disclosed. The deal is expected to close in the first half of 2026 and still needs regulatory sign-off.
SpotHero has been in the parking game since 2011. It now covers more than 13,000 garages, lots and valets in over 400 cities across the U.S. and Canada.
The integration will let Uber users book parking for commutes, events, venues and airports without leaving the app.
“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,” said CEO Dara Khosrowshahi.
SpotHero CEO Mark Lawrence said the deal opens the door to a much larger audience. “Joining forces with Uber will allow us to bring that experience to millions more drivers,” he said.
What It Means for Uber One Members
Uber One subscribers will eventually unlock parking perks through the deal. No specific launch date has been given for that feature.
SpotHero’s last outside funding came in 2019 — a $50 million round led by Macquarie Capital. The company has not raised publicly since.
Where Uber Stands Right Now
This acquisition follows Uber’s moves into food delivery, groceries, retail and freight. Parking is the next piece.
Uber’s market cap is around $146 billion. Lyft sits at just over $5 billion. DoorDash, Uber’s main rival in delivery, is valued at more than $71 billion.
Uber reported better-than-expected Q4 revenue earlier this month. Delivery led the growth, expanding beyond restaurants into groceries and retail.
Despite the strong revenue print, soft profit guidance for the current quarter pushed the stock lower after that report.
Uber stock was up 0.35% in after-hours trading on the day the SpotHero deal was announced.
The deal remains subject to regulatory approval, with closing targeted before the end of June 2026.
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