Often, driving around cities is hectic enough without having to worry about parking, even in smart cities. However, smart parking services are simplifying the parking environment. Some are using peer-to-peer technology to allow homeowners to offer their front lawns for a fee. Other companies are a little more sophisticated with sensors, computer-vision, and analytics.
Since 2012, ParkWhiz has raised a total of $36 million from 3 rounds of funding and a convertible note from Hyde Park Angels. Public and private parking (even home driveway and front lawn) locations are offered on the service which anyone can reserve with their web browser or through the mobile app.
Users can often reserve a parking spot instantly with a credit card. ParkWhiz also has a B2B side. Whether an organization has its own parking lot or not, ParkWhiz can help them manage their staff and visitor parking. Their B2B solutions help make the organization more efficient while simplifying parking headaches for visitors.
Evopark is a German mobile payment app much like SpotHero. Scheidt & Bachmann, a much larger German company in the parking solutions industry, recently bought a corporate majority of evopark.
One interesting thing about evopark is that their service is connected to a network of retail and dining outlets. Book a park at your favorite shopping mall, and you could receive an exclusive discount to your favorite store when you arrive.
Having raised $9.1 million since 2012, LocoMobi is helping transition cities evolve from the old way of parking. They integrate their smart parking products and services with legacy parking systems. Parking lots can read and charge registered license plates using smart cameras instead of investing in QR code printers, RFID readers, etc.
Users are able to raise old parking gates with the mobile app. LocoMobi centralizes a user’s many parking situations because they can tailor their services for any parking operator in the city. They also offer tolling and transit services to cover the full spectrum.
A Chinese company, ETCP was established in 2012 and has raised $280 million. They offer a platform for data collection and analysis. And, they have an app for end users to reserve and pay for parking spots. They do not take any of the money exchanged between app users and parking lot owners. Instead, they make their money from advertising and a combination of added value services such as auto sales, washing, and maintenance.
ETCP takes their corporate responsibility very seriously with a triple bottom line approach. Much of their business model is focused on minimizing the effects of vehicles on the environment. Also, their Blue Action program networks with universities to deliver public welfare activities.
MeterFeeder is focused squarely on the public sector. They enable small and mid-sized government organizations such as city council to offer easy payment methods for citizens seeking parking.
Public servants are then able to enforce parking regulations more effectively. The system is much less expensive than the alternative of randomly sending out meter readers which means that tax payers save money in the end.
CivicSmart started on the strength of the patents of Balu Subramanya, the founder, for vehicle detection sensors. After Subramanya served in senior technology roles with Duncan Solutions, CivicSmart acquired Duncan Parking Technologies, a business with an 80-year history, from Duncan Solutions.
The sensors are incredibly accurate and usually integrated into legacy systems such as coin operated meters that also accept credit card, smart cards, and mobile payments. However, their wireless sensors can also be used independently to monitor traffic and parking.
Based in Switzerland, Parquery offers a platform for smart cameras that can monitor up to 300 parking spaces per camera. That means one camera is all most parking lots will need without having to worry about installing individual sensors to monitor each spot.
As a spinoff from Computer Vision Laboratory of ETH Zurich, they have a robust software system that will even work with existing camera systems.
Get My Parking is a data collection service that has raised nearly $5 million. They get the data from parking garages and individual cars.
Their app helps drivers find the nearest available parking space, make online payments, and reserve parking spaces in advance. The app will also navigate the driver to either the nearest space or the specific space they chose.
Having raised $15.5 million since 2014, PARKiFi are helping to increase the revenue streams for cities with paid parking and private parking lots. PARKiFi is a platform offering real time parking data about municipalities, lot managers, and app services.
The data gets down to individual parking spots, which simplifies administration for lot managers and law enforcement officers. The predictive analytics about this data allows managers and authorities to adjust pricing based on supply and demand. The data also helps them identify ways to improve driver compliance.
SpotHero brags that they have parked more than 10 million cars. They have also raised $70.3 million since 2012 with multiple rounds of funding. Much like ParkWhiz, SpotHero helps you find and reserve parking spots either ahead of time or right away.
With SpotHero, it’s also easy to book your favorite parking space several days in a row and rebook it again later. SpotHero is focused on the user experience by allowing users to filter parking spots by their amenities. Users can easily filter in or out the spots that have on-site staff, valets, disabled parking, EV charging, covered parking, and other criteria.