Uber close to acquire part of a parking-on-demand firm

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According to latest publications, Ride hailing giant Uber is in advanced talks to get hold of part of the team behind Luxe, one of San Francisco’s parking-on-demand company.

Reports said Luxe is trying to sell part of its engineering team and some of the expertise behind its on-demand parking business.

Though company’s CEO Curtis Lee do not plan join Uber as part of the proposed deal, as per reports.

Both Uber and Luxe declined to comment on the news.

Luxe which is famous for their trademark blue-jacketed valets, reportedly managed to raise more than $75 million that includes $50 million from car rental company Hertz to spread out its service.

It was initially reported that the startup was planning to offer its service on-demand. In quite a similar way that they’d call an Uber, clients could tap on Luxe’s app when they required a car parked. Luxe would then track their location as they arrived at their destination, whether it was at a restaurant for a food or at an office for an everyday routine.

However that business model faded as the firm started buying up parking garages and started to look like more of a traditional valet service that operated outside hotels and offices. It as a result closed its on-demand parking app and said it would be regrouping the giant for a different parking service that it aimed to reveal later this summer.

Meanwhile Luxe isn’t the first on-demand firm to face hurdles as it aimed to scale. In the past Zirx closed down its consumer parking service to center on business customers, while another startup, Carbon, shut down completely in 2015.

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