GET MY PARKING, India’s Smart parking startup, has partnered with APCOA PARKING, Europe’s leading parking operator, to customize and deploy an open IoT technology that integrates parking equipment onto a standard, interoperable platform.
With this partnership, the digital platform of New Deli-based startup will be scaled to all 13 countries in which APCOA operates more than 1.4 million car spaces at over 9000 locations. This enables APCOA to provide the latest consumer solutions such as their recently launched mobile app APCOA FLOW (www.apcoa.de/flow), which includes ticketless automated access & cashless exit. It will soon be enhanced by pre-booking options and on-street parking payment functions.
“This strategic partnership enables us to develop our digital platform and new products very quickly and cost-effectively. We are therefore in a position to offer our customers additional value: The GMP technology works with existing barrier technologies in older car parks, eliminating the need to purchase a new parking system. And the digital platform’s enhanced compatibility means that we can launch many new services and partnerships in the near future,” said Philippe Op de Beeck, CEO of APCOA PARKING Group.
Founded in 2015 by Chirag Jain and Rasik Pansare, Get My Parking is organizing the parking industry with technology and data saves, It offers app that saves the trouble of looking for parking and provides real time parking information by navigating directly to available parking lot near you or your destination. We are .
“We are very excited about this collaboration, as it gives us a huge start in growing our international footprint. APCOA is the undisputed European market leader & we couldn’t have asked for a better partner to enter the western parking market” said Chirag Jain, CEO, Get My Parking. Co-founder CMO Rasik Pansare added, “APCOA’s scale and size is the dream opportunity for testing our technology expertise. It is an ambitious project & we are ready for the responsibility to assist millions of European motorists.”
This partnership is a marriage of operations and technology expertise, with APCOA’s experience complimenting GMP’s innovation and agility. Leveraging this platform, APCOA will also contribute to the smart city ecosystem.
The proprietary open platform is modular and future-proof; Providers of services like car sharing services, EV charging and others can be easily integrated into the platform. The first platform driven cooperation was entered into with Sunhill Technologies GmbH, a subsidiary of Volkswagen Financial Services AG (VWFS). Together with APCOA, they now offer customers of all VW Group brands contactless entry and exit, as well as automated billing of parking processes in the background.
Get My Parking is backed by high profile investors including Indian Angel Networks, Chennai Angels, IndusAge Partners and sunil Munjal, among others. The startup last raised $3 million funding from BEENEXT, IAN Fund and Indian Angel Network, in September 2017. Prior to this, it raised $1.1 million in pre-series A funding round led by Indian Angel Network (IAN), BEENEXT, The Chennai Angels (TCA), and Mr. Sunil Munjal (Hero group), in February 2017.
The startup has raised a total of $4.5 million in four funding rounds.
[Top Image – From left Rasik Pansare (GMP), Chirag Jain (GMP), Philippe Op de Beeck (APCOA)]
Via – Business Wire India