ValetEZ

ValetEZ is a Bangalore-based company that specializes in smart parking and mobility solutions. Founded in 2016, it aims to alleviate the challenges vehicle owners face when parking in urban environments. The company integrates various technologies, including IoT (Internet of Things) and AI (Artificial Intelligence), to create efficient parking management systems.

Company Overview

• Legal Name: ValetEZ Services Pvt Ltd
• Headquarters: Bangalore, Karnataka, India
• Founders:

• Prashant Chandrasekaran
• Smit Raturi (Co-founder & CEO)
• Vasuta Agarwal

• Number of Employees: Between 151 to 250
• Funding: Supported by investors such as NSRCEL and Village Capital

Technology and Solutions

ValetEZ's platform connects on-ground hardware with software to provide real-time insights into parking availability, enhancing the experience for both users and parking lot operators. Key features include:

• Cloud-Based Systems: The technology supports scalability and operates independently of internet connectivity, ensuring reliability

• AI and Machine Learning: These technologies are employed for anomaly detection, demand prediction, and dynamic pricing adjustments based on various factors like occupancy and location

• User Experience: The system allows for rapid entry and exit (within two seconds) and supports contactless payments, making the parking process seamless

Market Presence

ValetEZ has established a significant footprint across various sectors in India, including airports, shopping malls, office buildings, and educational institutions. They aim to enhance productivity by providing tailored parking solutions that cater to the specific needs of businesses

Vision

The company's vision is to revolutionize parking management through innovative technology, making it more efficient and user-friendly. By leveraging AI and IoT, ValetEZ seeks to create a networked ecosystem that improves overall mobility solutions in urban settings