Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the smart city industry. This time, you get to discover five hand-picked smart parking startups impacting smart cities.
Out of 634, the Global Startup Heat Map highlights 5 Top Smart Parking Startups impacting Smart Cities
The insights of this data-driven analysis are derived from the Big Data and Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups and scaleups globally. The platform gives you an exhaustive overview of emerging technologies and relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 634 exemplary startups and scaleups we analyzed for this research. Further, it highlights five smart parking 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 five startups and scaleups in this report. For insights on the other 629 smart parking solutions for smart cities, get in touch.
Cleverciti Systems develops Smart Space-Monitoring Parking Sensors (SSMPS)
With a growing population in cities, parking lots get congested frequently. Space-monitoring parking sensors and parking-spot occupancy data, on the other hand, allow drivers to navigate to the nearest open spots. This also allows parking space owners to maximize revenue by detecting overstays and directing more drivers to underused spaces. In addition, the same data allows transport authorities to optimize traffic and parking pricing policies.
Cleverciti Systems is a German startup that offers a sensor solution that systematically gathers real-time information on available and occupied parking spaces. Each sensor covers up to 30 parking spaces and is mountable on lamp posts, buildings, or masts without any roadworks. It generates updated data every 3 seconds and has a nighttime mode that does not require additional lighting or infrared sensors.
Smart Parking offers Smart Payment For Parking Spaces
Drivers often get stuck in parking lots chasing pay stations or spending time finding change. Cashless payment solutions are reducing the transaction time, making the procedure more convenient for smart city citizens. Parking lot owners and city utilities also benefit from automatic mobile payments as they save money and bill processing time.
Smart Parking is a Belgian startup that provides a smart payment solution for parking spaces. The startup’s single-click-to-pay technology supports over 250 worldwide payment methods that substitute parking lot payment terminals. Its application programming interface (API) combines with existing parking management systems to speed up cashless payment integration.
Parkwise provides Real-Time Parking Assistance
Searching for free parking spots often causes additional movements and traffic on the streets. Drivers leave one parking area and start looking for another one, without even knowing if parking slots are available. The Internet of Things (IoT) and parking assistance systems enable drivers to communicate with each other and find empty parking spots faster. This, in turn, reduces traffic congestion caused by vehicles searching for parking spaces.
US-based startup Parkwise develops a smartphone app that automatically connects drivers. The startup combines AI, machine learning, and behavioral analytics to soon-to-be-available parking spots. These predictions are sent to drivers as push notifications to inform space availability. Parkwise’s solution reduces the ambiguity in finding street parking spaces while reducing traffic congestion.
Stanley Robotics enables Automated Valet Parking
People are more likely to spend a huge amount of time searching for free parking spots at places like airports and shopping malls. Automated parking systems mitigate this issue by allowing drivers to leave vehicles for a robot to park the vehicle. Startups offer automated parking systems and autonomous robots to park the vehicle, saving time for drivers while maximizing space occupancy.
Stanley Robotics is a French startup that develops Stan, a robotic valet for airports and vehicle logistics. The startup combines an optimization program and an autonomous system to automate car parking. Stan controls all types of cars with a maximum length of 6m as well as handles a 3-tonne load. Moreover, the robot adapts to different obstacles that might be in its way, avoiding collision with other parked vehicles.
PayBySky provides an Automated Parking Payment System
Paying parking bills is an aggravating task along with finding a parking space. Vehicle owners need to search for payment terminals which are often crowded. This is why startups offer automated parking ticket payment systems. Such solutions allow drivers to save a significant amount of time while reducing the paperwork involved in the process.
UK-based startup PayBySky offers an automated payment system for vehicle owners. The startup uses data from satellites, ground-based WiFi, and cellular networks with machine learning to accurately detect the parking location of vehicles. Besides, PayBySky’s solution ensures that the drivers pay for the minutes they use the parking space for and also notifies them if the vehicle is parked at no parking zones.
Discover more Smart City Startups
Startups such as the examples highlighted in this report focus on automatic parking, parking sensors, and parking assistance solutions. While all of these technologies play a major role in advancing the industry, they only represent the tip of the iceberg. To explore smart city technologies in more detail, let us look into your areas of interest. For a more general overview, download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.