Get My Parking (GMP), a Chennai Angels funded venture started by IIT Madras and FMS Delhi alumni which has digitized the parking industry launches On-street Smart Parking. Despite the industry inertia they have revolutionized the parking industry. With 50,000 parking spots in Delhi and appreciation by honorable PM Narendra Modi for their work in Kumbh Mela, they are now market leaders in mobile-based smart parking technology. They have a strong foundation of team and technology and have partnerships with leading system integrators and parking hardware manufacturers. They are now working with several city municipal corporations to accelerate smart parking digitization and accomplish the mission to change urban mobility in India.
Parking is a Complex Problem
Delhi RTO registers 1600 vehicles every day. Pune adds 700. Thousands of vehicles are being added to roads every day, but vehicles spend 90% of the time being parked. Where will we park all these new vehicles? Not only do inefficient parking systems result in congestion and increased carbon emissions, they also waste commuters’ time, leads to productivity loss and loss of economic opportunities and can lead to inefficient city services. Unorganized parking creates problems on multiple fronts.
If even a single car on the road slows down to search for an available parking spot, the entire traffic behind it slows down. At any moment, over 10% of vehicles on road are searching for parking. They have a multiplier effects on the traffic speed and the overall traffic congestion goes up by 30% at peak time. That results in 30% more carbon emissions. As per IBM Global Parking Index 2011, an average urban motorist spends 20 minutes more on road due to parking problems. This is not only a waste of time but loss of productivity.
Ideal Scenario
GMP smart parking enables any person to search for available parking in real-time, reserve the parking in advance from their mobile app, pay via m-wallet and get an email receipt. Their tools also help parking contractors in managing their parking lots remotely with revenue analytics, smart alerts, auditing tools, etc.
GMP’s frugal technology digitizes any type of parking at a very affordable rate. Their suite of applications and services make a complete smart parking ecosystem which serves the suppliers (API integration), parking management (enterprise solutions), government (smart city) and the consumers (discovery and transaction app).
The market opportunity is of over $100 billion and most of the existing solutions are not flexible enough to succeed in emerging markets. Their frugal technology enables them to streamline any unorganized market and our amazing team has the proven execution skills to script a success against any odds.
Solutions:
– Parking Lots:
Platform integrates with any access control hardware for end-to-end mobile-based parking management system. Any type of unorganised parking can also be digitised.
– Motorists:
Get real-time availability, search, book or navigate to parking space in advance. Pay cashless and get relevant deals where you park.
– Urban Planners:
Get city-wide macro level data about where, when, how many vehicles are getting parked; real analytics for policy making.
– Police/Insurance:
Search for any stolen vehicle across all parking lots in the city.
On-street Parking Without Sensors
The CEO of GMP, Mr. Chirag Jain, was recently invited as a speaker in a smart city summit in South Korea where he launched the GMP’s new on-street parking digitization technology which doesn’t need expensive sensors to give real-time availability. It makes use of geo-fencing and deep integration with parking meters, cameras, and citizens’ mobile app to gather and provide real-time parking information on every street. This product can be used to solve parking problems in any city around the world, irrespective of the differences in the parking policies and the urban infrastructure.
They have recently got a pilot project in Jaipur from Jaipur Development Authority to prove the smart parking pilot. Upon success, the entire Jaipur city can have their smart parking apps and tools.