ParkingRhino Secures 3.85Cr in Seed Funding Round
Today we have closed our seed funding round of Rs. 3.85 Cr leading by NVCL (North East Venture Capital) and others. ParkingRhino will use this funding to upgrade its IoT based technology platform, team building, and market acquisition.
ParkingRhino provides end to end IOT based data driven parking platform for drivers, parking owners, smart cities, enterprise companies and other mobility eco-system players. Our application presently enjoys the largest database of 4 Million verified parking spaces across 15 cities in India and testing its global IoT platform in few cities in South East Asia and Europe. It has already tied up with few enterprise companies for Indian smart cities and for its global expansion in Europe and the USA.
Our co-founder and CEO, Mr. Tridib Konwar, claimed that “It’s big time to change the way people are finding parking spaces and share mobility information. Until today, off-street parking lots possess plenty of information and on-street parking lots are with no information about supply and demand but at the same time, there isn’t an easy way to read data, make predictions, engage dynamic pricing and show this information to the drivers. ParkingRhino’s IoT platform and micro-service approaches help in digitizing parking locations and also help drivers to find parking through its own ParkingRhino app or API integration with existing on-demand apps and business services.”
We are seeing a huge interest from all around the world for our smart parking platform which provides a full stack approach to solving for parking related problems in today’s cities. We help business to increase their revenue, business traffic and optimize the employee traffic. Our solution fits into smart cities to improve compliances, smart city tracking and increase turnover for city administrators.
Our co-founder and CTO, Mr. Mriganka Deka, claimed that “ParkingRhino is redefining parking experience using mobile, IoT, Machine Learning, Artificial intelligence, and micro-services. Our data-driven platform helps in instant access to the parking data from every street and every commercial place automates parking management and helps drivers to take an informed decision by exploring on-demand occupancy and booking option.”
Our parking analytics helps parking managers and city planners optimize parking supply and demand. ParkingRhino’s analytics product can help traffic planning for upcoming events, planning for enforcement routes, parking utilization, and demand across different clusters/business areas in a city, help operators in yield management by using predictive analytics to make smarter pricing and inventory allocation decisions.