5 Top Parking Startups Impacting The Industry in [2023]

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5 Top Parking Startups Impacting The Industry in [2023]

Have you ever wondered who is on the list of Parking Companies with the highest growth rates?

You’re not alone.

There are hundreds of Parking Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 05 fast-growing Parking Startups that have top-tier venture capital funding.

What are Parking Startups?

Parking startups are tech companies that use technology to make parking easier and more efficient. They offer services such as digital parking payments, mobile parking apps, and parking management systems. 

These startups are a way to reduce traffic congestion, reduce emissions, and make parking a more convenient experience.

Top 05 Fastest-Growing Startups In Parking

1) Get My Parking

Get My Parking is a business-to-business platform-as-a-service provider.

Details of the startup:

  • Country: India
  • City: New Delhi
  • Started in: 2015
  • Founders: Chirag Jain, Rasik Pansare
  • Number of employees: 51-100
  • Funding amount: $10,392,793
  • Number of funding rounds: 5
  • Number of investors: 8

You can find their website here.

2) ParkSmart

ParkSmart is an app that helps you manage your parking.

Details of the startup:

  • Country: India
  • City: New Delhi
  • Started in: 2018
  • Founders: Prateek Garg, Rahul Gupta, Ratan Anmol Sethi, Rishabh Nagpal, Vishva Sharma
  • Number of employees: 1-10
  • Funding amount: $199,436
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

3) Cleverciti

Cleverciti is a firm that transforms the everyday dread of looking for a parking spot into a predictable and stress-free experience.

Details of the startup:

  • Country: Germany
  • City: München
  • Started in: 2012
  • Founders: Konrad Prinz-Dreher, Thomas Hohenacker
  • Number of employees: 11-50
  • Funding amount: $28,300,000
  • Number of funding rounds: 4
  • Number of investors: 5

You can find their website here.

4) ETCP

ETCP is a company that specializes in intelligent parking solutions.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2012
  • Founders: Long Tan
  • Number of employees: 51-100
  • Funding amount: $280,399,574
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

5) Sunsea Parking

Sunsea Parking is a parking lot operator based in China.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2016
  • Founders: Yan Liang
  • Number of employees: 1001-5000
  • Funding amount: $227,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

FAQs

Is Parking Business Profitable?

Yes, parking can be a profitable business. Many parking lots and garages charge a fee for vehicles to park, and these fees can be quite high depending on the location and the length of time a vehicle is parked. Additionally, some parking lots and garages offer additional services such as valet parking, car washing, and other services that can increase revenue.

What Is The Average Investment In Parking?

The average investment in a parking business varies greatly, depending on the size and scope of the business. 

Some entrepreneurs may be able to get started with as little as a few thousand dollars, while others may need to invest tens of thousands of dollars or more.

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