ParkMate
An app-based platform that will free its customers from the hassle of finding a vehicle parking.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $1.2m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
Related Content
ParkMate is a technology company that provides smart parking solutions in India. The company's primary offering is a hybrid system that combines FASTag and Automatic Number Plate Recognition (ANPR) technology to automate vehicle entry and exit at parking facilities. This system utilizes high-definition cameras and an inbuilt controller to scan license plates, allowing for seamless access without the need for manual intervention.
In addition to its automated parking system, ParkMate offers an app-based solution that enables users to find and book parking spots in advance. The company also provides on-demand valet services, allowing customers to have their cars parked by a professional driver. ParkMate's services are aimed at both individual drivers and businesses, including corporate offices, shopping malls, and other commercial establishments. The company's business model is based on charging a fee for its parking services, which can be paid through the ParkMate app.
Keywords: smart parking, ANPR, FASTag, valet services, parking solutions, vehicle entry, license plate recognition, on-demand parking, app-based parking, parking management