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Project for local start-ups

Smart Parking

Provide automated IoT-based Smart Parking solutions aimed at increasing parking utilization for populated urban corridors, while offering recharging stations for EVs. Smart Parking would reduce traffic congestion and accompanying environmental impacts by providing drivers with access to contextual space information, direct navigation to available spots and seamless payment solutions.

Tags:

Smart parking

Key benefits

Reduced Traffic Congestion

Reduced Traffic Congestion

By knowing where to park, drivers spend less time circulating the streets, idling and blocking traffic on narrow streets, and holding back traffic from moving slowly.

Increased Productivity

Increased Productivity

Valuable productive time is given back to drivers and passengers from time otherwise lost in traffic or searching for parking.

Reduced Environmental Impacts

Reduced Environmental Impacts

The Smart Parking solution reduces travel time and eliminates unnecessary engine idling, directly reducing harmful emissions into the environment.

User Journey

1

Driver arrives near his destination
2

He is able to see available parking spots around him
3

The driver reserves a parking spot for a limited time
4

He arrives at the parking spot and settle his payment electronically
5

He receives an electronic receipt and is able to renew his parking remotely

Potential Service Features

Link to Car Dashboard
Sensor-Based Automated Parking Payment
Electronic Receipts

NFC Enabled Payment

Implementation Analysis

Implementation Timeline

progress 50%

Short
Medium
Long

Regulatory Conduciveness

progress 20%

Favorable
Challenged
Complex

Technology Commercial Viability

progress 20%

Currently Viable
Viable in Short Term
Viable in Long Term

Investment Requirements

progress 80%

Low
Medium
High

Key Implementation Consideration

1

Consolidation of public and private parking inventories

2

Network and internet connectivity in indoor and underground spaces

3

Potential installation and integration of supporting infrastructure for outdoor parking spots

Conceptual Diagram

diagram

Relevant Tech Solutions

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