ParkMate

ParkMate is a fast-growing Indian smart parking technology company. ParkMate is transforming urban mobility by providing seamless, tech-driven parking solutions for both individual drivers and businesses. The company operates across 11 major Indian cities with a vision to address India’s chronic urban parking challenges and support smart city initiatives.

Products & Services

• Smart Parking App: Locate, reserve and pay for parking spots in real time via a user-friendly mobile app.

• Drop & Shop (DaSH) Valet Service: On-demand valet picks up your car, parks it at a secure authorized lot and returns it when requested—available at malls, offices, and public venues.

• Parking Management System (PMS): End-to-end digital parking management for malls, offices, societies, hospitals and event venues, including software, trained manpower, and automation.

• Hybrid FASTag & ANPR System: Automated entry/exit with license plate recognition, HD cameras and in-house controllers for secure, paperless parking.

• QR Code Navigation: Scan QR codes to easily find and navigate to specific parking spots, houses, or shops in large complexes.

• GPS & Security Features: GPS-tagged vehicles, OTP-verified attendants and live tracking for enhanced safety and transparency.

• Corporate & B2B Solutions: Custom parking solutions and operational management for businesses, government bodies and real estate partners.

• Cashless Payments & Reminders: Seamless digital payments and parking duration alerts through the app.

• Sustainability Initiatives: Reduces urban congestion and fuel use by guiding users to available parking efficiently.

Business Model & Revenue Streams

• (B2B): Charges businesses (malls, offices, societies, hospitals) monthly fees for its parking management software and automation systems.

• (B2C): Collects service fees from users (e.g., ₹49 per valet service) plus any applicable parking charges for on-demand valet and guaranteed parking at high-traffic locations.

• Revenue Sharing with Parking Operators: Partners with existing parking operators under a revenue-sharing model, providing trained attendants and technology.

• Hardware & System Sales: Sells and installs proprietary hardware (HD cameras, FASTag/ANPR systems, controllers) for automated entry/exit at client sites.

• Advertising & Partnerships: Generates additional income through targeted digital advertising and collaborations with local businesses.

• Premium Analytics & Services: Offers advanced analytics and premium operational services to B2B clients to optimize parking utilization and revenue.

Customer Segmentation

• B2B: Shopping malls, office complexes, residential societies, hospitals, government bodies and large event venues seeking digital parking management and automation.

• B2C: Urban drivers, shoppers and visitors looking for convenient, guaranteed parking and valet services.

• Valet Partners: Aggregated parking operators and local businesses partnering for service delivery.

Growth Strategy

• Market Expansion: Rapidly scaling to new Indian cities and planning international expansion to 150+ cities worldwide by 2026.

• Product Innovation: Continuous enhancement of app features, integration of advanced hardware and expansion of DaSH and valet services.

• Strategic Partnerships: Deepening collaborations with real estate, retail and government partners to drive adoption in smart city projects.

• Operational Scale: Investing in business development, technology and team growth to support increasing demand.