Top 5 companies solving parking solutions

Top 5 companies solving parking solutions

Reporter Madhu Khatri

As cities around the world continue to grow, the issue of parking has become increasingly problematic. Finding a convenient and secure parking spot can be a frustrating experience for drivers, while inadequate parking facilities can lead to traffic congestion and safety hazards on the roads.

To tackle this issue, a growing number of companies are developing innovative parking solutions that make it easier for drivers to find parking and for cities to manage their parking infrastructure. From smart parking apps to automated parking systems, these companies are at the forefront of the parking revolution.

We’ll be taking a closer look at the top 5 companies solving parking solutions. These companies have been selected based on their innovative technologies, customer feedback, and impact on the parking industry. Whether you’re a driver looking for a better parking experience or a city official looking to improve your parking infrastructure, you’re sure to find a solution on this list.

So, let’s dive in and explore the cutting-edge technologies and services offered by these parking solution companies. We’ll examine their unique features and benefits, as well as their impact on the future of parking. By the end of this listicle, you’ll have a better understanding of the innovative solutions available to help solve the parking challenges facing cities around the world.

ParkMate

ParkMate, India’s first intelligent app-based platform, was established in 2021 to provide customers and businesses with smart, hyperlocal, and on-demand parking solutions. The instant Drop & Shop service from ParkMate gives customers real-time confirmation of their parking location. With ParkMate, users can follow a vehicle’s live movement while the attendants are OTP-verified and GPS-tagged. The customer only needs to click “Get my car” when they need their vehicle, and it will be safely delivered to them. The brand offers a variety of services and goods, including the Trishool system for parking management and the Kavach system for apartment buildings and car dealerships. ParkMate’s three-tier Trishool system, which uses HD cameras, an integrated controller, and its own proprietary software to automatically scan licence plates and permit or log vehicle entry, integrates the FASTag + ANPR + UniPay system. More importantly, ParkMate bears the risk when a car owner parks their vehicle with them, not the owner. The company’s mission statement is “With ParkMate, you drive. We park.”

Park+

It all began with a mission to connect commuters to safe, secure, and digitised parking spaces across the nation, but it has since grown to include a secure area for people to park their cars. When they first introduced Park+, they aimed to reduce the amount of time travellers had to spend looking for parking spots at various locations across the nation. The need to broaden our horizons to address other car-related needs, such as insurance renewal, FASTag-related issues, challan payment, etc., became apparent as they grew closer to their users. They have now expanded our services to everything car-related and just followed one simple rule, Simplifying the process of owning a car, in keeping with the axiom that “change will always be the only constant.”

Wisego

In the field of automatic number plate recognition (ANPR) using an ANPR camera, Wisego is a pioneer in the use of artificial intelligence (AI) image algorithms. These days, managing parking spaces or vehicular traffic is still a monumental challenge in both residential and commercial settings. In order to address this, WISEGO has created a contact-free parking management system, gate entry, and visitor management systems to guarantee smooth vehicle movement with less human intervention and security from parking revenue leakage.

Park 360

Your general mobility or parking experience in day-to-day life is far from ideal. They predict that as parking spaces become more scarce and the number of vehicles increases, the situation will only get worse. To comprehend and create solutions that are particular to their use case, they collaborate with smart cities, governments, corporations, commercial complexes (malls, hotels, etc.), residential communities, and essentially any other businesses or entities. It improves transparency and security throughout the entire parking management process, as well as providing a real-time view of the parking infrastructure. They use sophisticated data analytics and a data-driven methodology to intelligently design the best parking, revenue, and cost models for each situation.

Parking Rhino

ParkingRhino is a cutting-edge parking management business that caters to both consumers and companies. People looking for parking spots for their vehicles can use their B2C app. More than 50 locations make use of our 2016-launched smart parking platform.ParkingRhino’s B2B parking management platform makes it possible for parking contractors and businesses to manage their parking by using a single POS mobile app at the points of vehicle entry and exit. ParkingRhino’s simple design and consideration for the parking operator enable it to digitise a parking space in less than 60 minutes.Boom barriers, CCTVs, parking sensors, and other types of new or old parking equipment can all be integrated using connectors provided by the platform. The product’s advanced versions include features like dynamic pricing, predictive analytics, demand-based forecasting, and a single-pane view across multiple locations. The B2C mobile app from ParkingRhino allows anyone to search for available parking and includes all parking information, including hours of operation, parking capacity, the availability of valet services, the presence of a car wash facility, etc. Our patented Location Decider algorithm, which chooses the best parking based on a number of real-time factors given a destination location, powers the technology.