Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the mobility industry. This time, you get to discover 5 hand-picked smart parking startups.
Global Startup Heat Map highlights 5 Top Smart Parking Startups out of 239
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 239 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 234 smart parking solutions, get in touch.
ValetEZ offers a Parking Management Platform
A manual parking system requires tedious processes and labor. Such systems often lead to problems like long waiting times for parking, inaccurate records, and even significant security issues. Smart city startups address these issues by introducing parking management platforms that help in dealing with parking spaces.
Indian startup ValetEZ offers a parking management platform. The startup’s ParkEZ platform provides real-time vehicle tracking and connects to the hardware used in parking management like boom barriers, RFD receivers, and handheld devices. This allows the user to track live data about the vehicle occupancy and available slots, as well as access live reports through the dashboard. The ParkEZ system is used in both small and large-scale parking lots. Moreover, the startup also provides a valet management system.
Parkeagle provides Real-Time Occupancy Data
City commuters suffer due to a lack of information about parking spaces. During peak hours, drivers spend a lot of time finding parking spaces in urban areas. To address this, smart city startups develop wireless parking solutions. Such solutions provide real-time information of available parking spot details, which helps drivers find parking near them.
Dutch startup Parkeagle provides a smart parking sensor that collects real-time data about the parking bay occupancy. The solution assists the drivers to find the available parking slots by accessing the parking occupancy through a mobile app or digital road sign. The smart parking solution helps reduce traffic congestion, fuel consumption, as well as CO2 emission. The startup’s StreetEagle sensors provide parking occupancy data of cars parked in the street and measures the number of vehicles passing, direction of vehicles, and type of vehicles. Parkeagle also offers other parking services such as entrance detection and street counting.
FreePark provides Reservable Parking Spaces
The expanding pace of private vehicle use in metropolitan regions makes it difficult for drivers to track down either empty or reserved parking spots. Smart city startups offer advanced reservation systems that help users find parking spaces upon arrival at their destination. These solutions leverage technologies like the Internet of Things (IoT) sensors, geospatial technology, and blockchain to provide a better solution and improve quality of life.
Turkish startup FreePark develops software and hardware solutions for parking space reservations. The startup’s Smart Parking Barrier helps preserve the reserved parking space and also helps find free parking space using smartphones or web portals and also allows a user to assign their parking spot to an authorized person. The FreePark Rest API allows companies to integrate the solution with their existing software and management systems.
Arrivo develops Smart Payment Application
The traditional payment options in parking spaces are non-flexible. The users have to generally pay in cash, which adds to the delay during peak hours. Smart city startups offer smart payment options to make the process easier, flexible, and less stressful. These allow users to pay for the parking from their smartphones.
Malaysian startup Arrivo develops an AI-based cashless payment solution for parking. It provides customers with multiple payment options, integrates with Arrivo License Plate Recognition (LPR), and provides the transaction history. This solution allows users to register and top-up the pass from the mobile application. The startup also provides the Car Park Management System (CPMS) for use in offices, retail outlets, and shopping malls.
MyCity360 Innovation develops IoT Parking Sensors
The surge in demand for parking spaces is due to the expansion of vehicle ownership and increasing urbanization. The search for parking spaces results in a loss of time and money. Smart parking sensors with IoT technology help solve this problem. The sensors help to collect data about the vehicle and monitor the space in the parking lot. The startups are offering smart counter systems which provide real-time information of available parking spaces through the IoT-based platform. This helps the drivers to extend the meter timing, lesser parking violation, and efficient use of parking space.
Israel startup MyCity360 Innovation offers the MyCity360 Smart Parking System. It uses IoT sensors to monitor parking facilities around the city. The smart application collects data from curb-side sensors and parking sensors to identify empty parking spaces and convey the information to the drivers. The real-time smart parking map helps the driver to find the nearest available spot. The startup’s solution also helps in reducing traffic congestion.
Discover more Smart City Startups
Startups such as the examples highlighted in this report focus on artificial intelligence, data ownership as well at telecommunications. While all of these technologies play a major role in advancing smart cities, they only represent the tip of the iceberg. To explore more technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.
