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Sotefin

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uuid00213k5

Namestring
Sotefin
Legal namestring
SOTEFIN SA
Websiteurl
sotefin.com
Company typeenum
Private
Founded yearint
1956
Descriptiontext

Sotefin SA is a Swiss private limited company founded in 1956 and headquartered in Stabio, Canton Ticino, Switzerland, with a secondary office in Lugano. The company designs, engineers, and manufactures custom automated parking systems, delivering over 500 installations across more than 30 countries and creating more than 40,000 parking spaces over its operating history. Its customer base spans residential developers, commercial and office buildings, hotels and hospitality venues, mixed-use developments, public infrastructure projects, and constrained urban infill sites.

Sotefin's product portfolio centers on robotic parking systems where vehicles are transported, stored, and retrieved exclusively by mechanical handling units with no driver access to storage areas. Core patented technologies include transfer carriages (Silopark, Comb, Interpark, Silomat, Interpark Plus) that directly engage vehicle wheels, horizontal shuttles (L-type and H-type), vertical transporters across seven model variants, traversing towers combining vertical and horizontal movement, pallet systems for compact installations, and vehicle turning platforms. All mechanical components and control software are developed in-house, including proprietary PLC software managing sensor data, safety interlocks, and parallel operations sequencing. The 2021 Sotefin WebService platform adds browser-based remote monitoring and diagnostics across the installed base.

The business model is project-based and enterprise-focused, with revenue derived from custom system sales, installation, and commissioning supplemented by professional services including feasibility studies, PLC programming, and long-term technical support. Pricing is quote-based and not publicly disclosed, with each system engineered to site-specific architectural and regulatory requirements. Go-to-market relies on direct enterprise engagement with developers, architects, and structural engineers, complemented by a global network of trusted local partners handling regional implementation and support.

Short descriptiontext

Sotefin is a Swiss engineering firm that designs and manufactures custom automated robotic parking systems, including patented transfer carriages, shuttles, and vertical transporters, for residential, commercial, hospitality, and public-sector clients across 30+ countries.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersStabio, Switzerland
HQ citystring
Stabio
HQ countrystring
Switzerland
HQ regionstring
Europe
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
automated parking systems, robotic parking solutions, transfer carriages, vertical transporters, pallet parking systems
Industry2 codes
1Parking Guidance, Wayfinding & Occupancy Management (Sensors, Signage)
CodeBPABAKAHPrimaryYes
2Intermodal Chassis Storage & Pool Yards
CodeTLALAKAGPrimaryNo
NAICS code1 code
  • Overhead Traveling Crane, Hoist, and Monorail System Manufacturing333923
SIC code1 code
  • Industrial Trucks, Tractors, Trailors & Stackers3537
Product category
Automated Parking Systems
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Automated Parking System Sales and Installation
TypeOne Time License
Description

Custom-designed automated parking systems sold as complete engineering solutions including design, manufacturing, installation, and commissioning. Revenue is project-based and derived from large-scale infrastructure projects for residential, commercial, and public applications.

sotefin.com
2Technical Services and Support
TypeProfessional Services
Description

Engineering services including feasibility studies, technical site surveys, custom PLC software delivery, and remote monitoring support. Long-term technical support and maintenance services provided post-installation.

sotefin.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 5 records shown
1Silopark™
Description

Ultra-compact transfer carriage - the first transfer carriage designed by Sotefin, lifting vehicles from the front.

sotefin.com
+4 more records
Core offering1 text field

Sotefin designs, manufactures, and commissions custom automated robotic parking systems in which vehicles are transported, stored, and retrieved exclusively by mechanical units, with no driver access to storage areas. The product range is built around patented transfer carriages (Silopark, Comb, Interpark, Silomat, Interpark Plus), shuttles, vertical transporters, traversing towers, pallet systems, and turning platforms, all orchestrated by proprietary PLC software and monitored via the Sotefin WebService platform. Every system is tailor-engineered for the host building and delivered with long-term technical support.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • Up to 50% more parking capacity in the same footprint compared to conventional parking structures
+4 more records
Product overview1 text field

Sotefin is a Swiss company with over 70 years of experience specializing in the design and development of custom automated parking systems. The product portfolio centers on robotic parking systems where vehicles are handled exclusively by mechanical units with no driver access to storage areas. The core patented technologies include transfer carriages (Silopark, Comb, Interpark, Silomat, Interpark Plus) for direct vehicle handling, supplemented by shuttle systems (L-Type, H-Type) for horizontal transport, vertical transporters (C2, E, G, H, P, W, K models) for multi-level movement, traversing towers (TT, TTG, TTGB, Type TR) for combined vertical/horizontal operations, pallet systems for compact installations, and turning platforms for optimized entry/exit flows. The company also offers software services including custom PLC programming and the Sotefin WebService platform for remote monitoring and diagnostics. Every system is custom-engineered to fit specific architectural and regulatory requirements, with no off-the-shelf products.

Product and service11 records
1Robotic Parking Systems
CategoryAutomated Parking Systems
Description

Fully automated parking structures in which vehicles are transported, stored, and retrieved exclusively by mechanical handling units with no driver access to storage areas. Custom-engineered for each project for residential, commercial, hotel, mixed-use, and public applications.

2Transfer Carriages
CategoryAutomated Parking Systems
Description

High-performance robotic units that interact directly with vehicles to transport them between entry/exit areas and designated parking spaces. Includes the patented Silopark, Comb, Interpark, Silomat, and Interpark Plus variants with comb-type and front-wheel gripping systems.

3Shuttles
CategoryAutomated Parking Systems
Description

Automated carriers for horizontal transfer of vehicles within parking facilities, including L-Type (operating on a central lane slab) and H-Type (edge-tracking without a central slab) variants. Can be combined with elevators or used independently.

4Vertical Transporters
CategoryAutomated Parking Systems
Description

Vertical car lifts for moving vehicles between floors in automated parking systems. Range covers high-capacity public facility models (C2, E, W), compact residential models (G, K), and versatile models (H, P) with optional rotation capabilities.

5Traversing Towers
CategoryAutomated Parking Systems
Description

Automated parking devices combining vertical and horizontal vehicle movements in a single unit. Includes classic TT (up to 7 floors), compact TTG (up to 4 floors), bi-column TTGB, and rotating TR tower for circular installations up to 8 floor heights.

6Pallet Systems
CategoryAutomated Parking Systems
Description

Vehicle handling systems where vehicles remain on metal tray-shaped pallets. Includes Classic Pallet System with dedicated exchange compartment, Tower Pallet System for tall narrow buildings, and Laterally Shifting Pallet System for constrained spaces.

7Turning Platforms
CategoryAutomated Parking Systems
Description

Vehicle rotation platforms enabling cars to rotate directly within entry/exit areas to face the desired direction without complex maneuvers, improving user convenience and safety.

8Sotefin WebService
CategorySoftware Platform
Description

Browser-accessible platform for remote monitoring and diagnostics of automated parking systems, enabling parking operators and maintenance technicians full visibility over system performance with diagnostic tools.

9PLC Programming Services
CategoryEngineering Services
Description

Delivery of custom in-house PLC control software for managing and automating parking systems, with remote diagnostics capability.

10Remote Support and Monitoring
CategoryOperations & Maintenance Services
Description

Browser-accessible remote monitoring and diagnostics service for automated parking systems, with diagnostic tools and remote support functions included.

11Project Consulting
CategoryConsulting Services
Description

Feasibility studies, technical data analysis, and custom parking solution development from initial project phases through implementation.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

German material-handling and automated parking manufacturer offering heavy-duty parking systems for high-throughput commercial and public projects. Direct competitor to Sotefin in the robotic/automated parking category, particularly for large-scale installations like airports and mobility hubs.

TypeDirect peer
Description

New York-based automated parking systems provider specializing in semi- and fully-automated stacker systems for urban developments. Direct competitor to Sotefin for high-density urban residential and commercial parking.

TypeDirect peer
Description

Long-established German automated parking specialist offering stackers, semi-automated, and fully automated systems. Direct competitor serving overlapping residential and commercial customer segments with similar project-based, custom-engineered delivery.

4KONE
TypeBroad incumbent
Description

Global elevator and smart-building equipment leader with adjacent interest in urban flow and parking integrations. Larger incumbent operating across a broader portfolio that increasingly overlaps with automated parking in mixed-use and high-rise developments.

5Westfalia Parking
TypeDirect peer
Description

German manufacturer of automated parking systems offering pallet, platform, and tower-based configurations. Direct competitor to Sotefin across European markets with comparable custom-engineering approach and customer base in residential and commercial real estate.

TypeDirect peer
Description

International automated parking provider with semi- and fully-automated solutions for residential, commercial, and public-sector clients. Direct competitor to Sotefin in project-based parking delivery for developers and municipalities.

TypeDirect peer
Description

US automated parking provider focused on stacker and puzzle systems for mid-rise residential and commercial developments. Direct competitor to Sotefin in North America with overlapping customer segments in real-estate developers.

TypeDirect peer
Description

US-based automated parking company operating since the 1990s with patented mechanical systems for high-density urban garages. Direct competitor to Sotefin in the North American market with comparable project-based custom delivery.

TypeDirect peer
Description

German manufacturer of automated parking systems with a broad portfolio of pallet, platform, and transfer-car systems for residential and commercial use. Direct competitor to Sotefin in Europe and internationally, with comparable custom-engineered, project-based delivery model.

TypeBroad incumbent
Description

Global elevator and escalator giant with growing exposure to parking and vertical-mobility solutions through acquisitions and smart-building platforms. Larger incumbent that competes for the same developer wallet by bundling vertical-transport and parking in commercial buildings.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers9 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment8 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature11 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Sotefin

Automated Parking Systemssotefin.com

Sotefin is a Swiss engineering firm that designs and manufactures custom automated robotic parking systems, including patented transfer carriages, shuttles, and vertical transporters, for residential, commercial, hospitality, and public-sector clients across 30+ countries.

What Sotefin does

Sotefin SA is a Swiss private limited company founded in 1956 and headquartered in Stabio, Canton Ticino, Switzerland, with a secondary office in Lugano. The company designs, engineers, and manufactures custom automated parking systems, delivering over 500 installations across more than 30 countries and creating more than 40,000 parking spaces over its operating history. Its customer base spans residential developers, commercial and office buildings, hotels and hospitality venues, mixed-use developments, public infrastructure projects, and constrained urban infill sites.

Sotefin's product portfolio centers on robotic parking systems where vehicles are transported, stored, and retrieved exclusively by mechanical handling units with no driver access to storage areas. Core patented technologies include transfer carriages (Silopark, Comb, Interpark, Silomat, Interpark Plus) that directly engage vehicle wheels, horizontal shuttles (L-type and H-type), vertical transporters across seven model variants, traversing towers combining vertical and horizontal movement, pallet systems for compact installations, and vehicle turning platforms. All mechanical components and control software are developed in-house, including proprietary PLC software managing sensor data, safety interlocks, and parallel operations sequencing. The 2021 Sotefin WebService platform adds browser-based remote monitoring and diagnostics across the installed base.

The business model is project-based and enterprise-focused, with revenue derived from custom system sales, installation, and commissioning supplemented by professional services including feasibility studies, PLC programming, and long-term technical support. Pricing is quote-based and not publicly disclosed, with each system engineered to site-specific architectural and regulatory requirements. Go-to-market relies on direct enterprise engagement with developers, architects, and structural engineers, complemented by a global network of trusted local partners handling regional implementation and support.

Sotefin firmographics

Firmographics
Name
Sotefin
Legal name
SOTEFIN SA
Website
https://sotefin.com
Company type
Private
Founded year
1956
Operating status
Operating
Headcount range
11–50 employees
Short description
Sotefin is a Swiss engineering firm that designs and manufactures custom automated robotic parking systems, including patented transfer carriages, shuttles, and vertical transporters, for residential, commercial, hospitality, and public-sector clients across 30+ countries.
Ownership category
akta.pro rank

Sotefin industry classification

Industry
Product category
Automated Parking Systems
NAICS
Overhead Traveling Crane, Hoist, and Monorail System Manufacturing (333923)
SIC
Industrial Trucks, Tractors, Trailors & Stackers (3537)
akta.pro primary industry
Parking Guidance, Wayfinding & Occupancy Management (Sensors, Signage) (BPABAKAH)
akta.pro secondary industry
Intermodal Chassis Storage & Pool Yards (TLALAKAG)

Keywords

  • Automated parking systems
  • Robotic parking solutions
  • Transfer carriages
  • Vertical transporters
  • Pallet parking systems

Where Sotefin is headquartered

Location

Headquarters

HQ city
Stabio
HQ country
Switzerland
HQ region
Europe

Offices2 records

Markets served

Sotefin business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

  1. Automated Parking System Sales and Installation: Custom-designed automated parking systems sold as complete engineering solutions including design, manufacturing, installation, and commissioning. Revenue is project-based and derived from large-scale infrastructure projects for residential, commercial, and public applications.
  2. Technical Services and Support: Engineering services including feasibility studies, technical site surveys, custom PLC software delivery, and remote monitoring support. Long-term technical support and maintenance services provided post-installation.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Sotefin product offering

Product offering

Core offering

Sotefin designs, manufactures, and commissions custom automated robotic parking systems in which vehicles are transported, stored, and retrieved exclusively by mechanical units, with no driver access to storage areas. The product range is built around patented transfer carriages (Silopark, Comb, Interpark, Silomat, Interpark Plus), shuttles, vertical transporters, traversing towers, pallet systems, and turning platforms, all orchestrated by proprietary PLC software and monitored via the Sotefin WebService platform. Every system is tailor-engineered for the host building and delivered with long-term technical support.

Product overview

Sotefin is a Swiss company with over 70 years of experience specializing in the design and development of custom automated parking systems. The product portfolio centers on robotic parking systems where vehicles are handled exclusively by mechanical units with no driver access to storage areas. The core patented technologies include transfer carriages (Silopark, Comb, Interpark, Silomat, Interpark Plus) for direct vehicle handling, supplemented by shuttle systems (L-Type, H-Type) for horizontal transport, vertical transporters (C2, E, G, H, P, W, K models) for multi-level movement, traversing towers (TT, TTG, TTGB, Type TR) for combined vertical/horizontal operations, pallet systems for compact installations, and turning platforms for optimized entry/exit flows. The company also offers software services including custom PLC programming and the Sotefin WebService platform for remote monitoring and diagnostics. Every system is custom-engineered to fit specific architectural and regulatory requirements, with no off-the-shelf products.

Differentiator

Problem solved

Functional benefit

Brands

  • Silopark™: Ultra-compact transfer carriage - the first transfer carriage designed by Sotefin, lifting vehicles from the front.
  • Silomat™
  • Interpark™ Plus
  • Comb
  • Compupark™

Products and services

  • Robotic Parking Systems Fully automated parking structures in which vehicles are transported, stored, and retrieved exclusively by mechanical handling units with no driver access to storage areas. Custom-engineered for each project for residential, commercial, hotel, mixed-use, and public applications.
  • Transfer Carriages High-performance robotic units that interact directly with vehicles to transport them between entry/exit areas and designated parking spaces. Includes the patented Silopark, Comb, Interpark, Silomat, and Interpark Plus variants with comb-type and front-wheel gripping systems.
  • Shuttles Automated carriers for horizontal transfer of vehicles within parking facilities, including L-Type (operating on a central lane slab) and H-Type (edge-tracking without a central slab) variants. Can be combined with elevators or used independently.
  • Vertical Transporters Vertical car lifts for moving vehicles between floors in automated parking systems. Range covers high-capacity public facility models (C2, E, W), compact residential models (G, K), and versatile models (H, P) with optional rotation capabilities.
  • Traversing Towers Automated parking devices combining vertical and horizontal vehicle movements in a single unit. Includes classic TT (up to 7 floors), compact TTG (up to 4 floors), bi-column TTGB, and rotating TR tower for circular installations up to 8 floor heights.
  • Pallet Systems Vehicle handling systems where vehicles remain on metal tray-shaped pallets. Includes Classic Pallet System with dedicated exchange compartment, Tower Pallet System for tall narrow buildings, and Laterally Shifting Pallet System for constrained spaces.
  • Turning Platforms Vehicle rotation platforms enabling cars to rotate directly within entry/exit areas to face the desired direction without complex maneuvers, improving user convenience and safety.
  • Sotefin WebService Browser-accessible platform for remote monitoring and diagnostics of automated parking systems, enabling parking operators and maintenance technicians full visibility over system performance with diagnostic tools.
  • PLC Programming Services Delivery of custom in-house PLC control software for managing and automating parking systems, with remote diagnostics capability.
  • Remote Support and Monitoring Browser-accessible remote monitoring and diagnostics service for automated parking systems, with diagnostic tools and remote support functions included.
  • Project Consulting Feasibility studies, technical data analysis, and custom parking solution development from initial project phases through implementation.

Quantifiable outcome

  • Up to 50% more parking capacity in the same footprint compared to conventional parking structures
  • +4 more outcomes

Companies that use Sotefin

Customer profile

Named customers9 records

Segments8 records

Ideal customer profiles3 records

Sotefin technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature11 records

Sotefin partnerships and signals

Strategic signal

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Sotefin competitors and assessment

Company assessment

Direct peers

  • Lödige Industries: German material-handling and automated parking manufacturer offering heavy-duty parking systems for high-throughput commercial and public projects. Direct competitor to Sotefin in the robotic/automated parking category, particularly for large-scale installations like airports and mobility hubs.
  • ParkPlus: New York-based automated parking systems provider specializing in semi- and fully-automated stacker systems for urban developments. Direct competitor to Sotefin for high-density urban residential and commercial parking.
  • Klaus Multiparking: Long-established German automated parking specialist offering stackers, semi-automated, and fully automated systems. Direct competitor serving overlapping residential and commercial customer segments with similar project-based, custom-engineered delivery.
  • Westfalia Parking: German manufacturer of automated parking systems offering pallet, platform, and tower-based configurations. Direct competitor to Sotefin across European markets with comparable custom-engineering approach and customer base in residential and commercial real estate.
  • Skyline Parking: International automated parking provider with semi- and fully-automated solutions for residential, commercial, and public-sector clients. Direct competitor to Sotefin in project-based parking delivery for developers and municipalities.
  • CityLift Parking: US automated parking provider focused on stacker and puzzle systems for mid-rise residential and commercial developments. Direct competitor to Sotefin in North America with overlapping customer segments in real-estate developers.
  • Robotic Parking Systems: US-based automated parking company operating since the 1990s with patented mechanical systems for high-density urban garages. Direct competitor to Sotefin in the North American market with comparable project-based custom delivery.
  • Wöhr: German manufacturer of automated parking systems with a broad portfolio of pallet, platform, and transfer-car systems for residential and commercial use. Direct competitor to Sotefin in Europe and internationally, with comparable custom-engineered, project-based delivery model.

Broad incumbents

  • KONE: Global elevator and smart-building equipment leader with adjacent interest in urban flow and parking integrations. Larger incumbent operating across a broader portfolio that increasingly overlaps with automated parking in mixed-use and high-rise developments.
  • OTIS: Global elevator and escalator giant with growing exposure to parking and vertical-mobility solutions through acquisitions and smart-building platforms. Larger incumbent that competes for the same developer wallet by bundling vertical-transport and parking in commercial buildings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Sotefin social profiles

Digital presence

Sotefin financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Sotefin leadership team

Management profile

Number of profiles

Profiles1 record

Sotefin funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Sotefin M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sotefin

What does Sotefin do?

Sotefin designs, manufactures, and commissions custom automated robotic parking systems in which vehicles are transported, stored, and retrieved exclusively by mechanical units, with no driver access to storage areas. The product range is built around patented transfer carriages (Silopark, Comb, Interpark, Silomat, Interpark Plus), shuttles, vertical transporters, traversing towers, pallet systems, and turning platforms, all orchestrated by proprietary PLC software and monitored via the Sotefin WebService platform. Every system is tailor-engineered for the host building and delivered with long-term technical support.

Is Sotefin a public or private company?

Sotefin is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Sotefin founded?

Sotefin was founded in 1956. It employs 11 to 50 people.

Where is Sotefin based?

Sotefin is headquartered in Stabio, Switzerland, in the Europe region.

How does Sotefin make money?

Two revenue lines are on record. Automated Parking System Sales and Installation is the primary driver. The others are technical Services and Support.

Who are Sotefin's main competitors?

Direct peers on record are Lödige Industries, ParkPlus, Klaus Multiparking, Westfalia Parking, Skyline Parking, CityLift Parking, Robotic Parking Systems and Wöhr. Broad incumbents are KONE and OTIS.

Does Sotefin have an API?

No public API is recorded for Sotefin.

What industry is Sotefin in?

Sotefin's product category is Automated Parking Systems. Its primary akta.pro industry code is BPABAKAH, Parking Guidance, Wayfinding & Occupancy Management (Sensors, Signage), with a secondary code of TLALAKAG, Intermodal Chassis Storage & Pool Yards. Its NAICS code is 333923 and its SIC code is 3537.

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Live signals
Deccan ChronicleSotefin Bharat SME IPO From July 16Kolkata-based Sotefin Bharat, a subsidiary of Switzerland's Sotefin SA, has announced an IPO of Rs 89.76 crore with shares to be listed on the BSE SME platform, opening July 16 and closing July 20, 2026. The price band has been set at Rs 178-187 per equity share with a face value of Rs 10. The company, incorporated in 2012 and engaged in mechanized and automated parking solutions, plans to use the proceeds for setting up a manufacturing facility in Kolkata, funding new office premises, working capital requirements, and general corporate purposes.Business News TodayAutomated car parking solutions provider Sotefin Bharat to launch IPO on July 16: Check detailsWest Bengal-based automated car parking solutions provider Sotefin Bharat will launch its IPO on July 16 with a price band of Rs 178-187 per share, aiming to raise up to Rs 89.76 crore through a fresh issue of 48 lakh shares. The company reported strong financial performance with 53.6 percent profit growth to Rs 17.4 crore and 24.5 percent revenue growth to Rs 116.7 crore for the year ended March 2026. The proceeds will be used to set up a new manufacturing facility in Kolkata, establish new office premises, and fund working capital requirements, with shares scheduled to list on BSE SME platform on July 23.ScanXSotefin Bharat files DRHP for ₹68.30 Cr IPOSotefin Bharat Limited has filed its Draft Red Herring Prospectus (DRHP) for a ₹68.30 crore fresh issue IPO to fund manufacturing facilities and working capital. The automated parking solutions provider reported 107% revenue growth to ₹116.75 crore in FY2026, though the filing discloses risks from high customer concentration and negative operating cash flows. The company also faces dependency on Sotefin SA for critical technology components.The Cool DownNo more fender benders: Apartment complex releases 'automated parking' system for its garagesLume Apartment complex in Menlo Park, California, uses automated parking with robotic arms to charge electric vehicles, eliminating human drivers. The three-level garage has 450 spots and Level 2 chargers, with robotic arms activated last year. The complex opened in 2024 with 440 apartments.The Times of IndiaSotefin Bharat plans Rs 80 crore IPO to build parking robot unit for automated parking in Bengal - The Economic TimesSotefin Bharat, the Indian subsidiary of Swiss automated parking solutions company Sotefin SA, has announced plans to raise Rs 80 crore through an IPO to fund indigenous manufacturing of robots for automated parking systems in West Bengal. The company will establish a Rs 40 crore manufacturing facility at Bagnan in Howrah district, with the remaining funds used for debt reduction and working capital enhancement. Post-IPO, public shareholding will reach approximately 25-26% and the company aims to file its Draft Red Herring Prospectus with the regulator within a month.