A UK-based company which runs a popular parking application, showing motorists on-street and off-street parking spaces, is looking for partners to expand the coverage of its app, by offering a service agreement or a license agreement.
This UK-based company runs a parking application for motorists, providing details of "Nearest and Cheapest" parking spaces, electric car charge points, disabled bays, motorbike bays and multi-story car parks. The company works with local councils to map out local parking regulation data, which is then digitized. They also run an enterprise app which is a paid for service for businesses with fleets. The company was founded in 2013, but has already won, and been a finalist for, numerous awards and has been featured in the media. The company currently covers London, and has been expanding to other cities including Manchester and Birmingham. The company aims to reduce congestion, pollution, stress, time and money, benefiting everyone from motorists, to pedestrians, to businesses. Studies show that 30% of congestion is caused by drivers circling for a parking space, so congestion and pollution can both be reduced if people use the app to find spaces faster. Furthermore, studies show that 67% of drivers avoid driving into city centers in the UK because they are worried about finding parking spaces, therefore meaning local businesses can benefit if people can access their towns much easier. Motorists will save money with fewer parking tickets, as they can now understand parking regulations better, and less money spent on fuel driving to find spaces. The company is looking to expand their services internationally, in particular he is seeking for a cooperation with companies that are willing to provide the app in their specific countries by a license agreement or a service agreement.
Innovations and advantages
the app is free and available on both iOS and Android, making it available to all types of smart phone-owners - the app is unique, showing all types of available parking spaces, including on single yellow lines, and caters for all types of drivers: disabled bays, electric bays, motorbike bays - there are chances for further advancement of the app - the app can overlap more and more data for different categories, for example positions and prices of petrol. The app can therefore involve participation from many different sectors - the app won the 2014 Ford Congestion Challenge, a competition between apps for who could best reduce London traffic congestion, plus the Virgin Business Pitch To Rich People’s Choice Award - the app has also been shortlisted for many other awards including UK Startups App of the Year 2015 and it has been featured on numerous occasions in the media
Market application codes
01004001 Local area networks
01006004 Communications services
Type of partner sought
The Company is looking to partner up with companies to offer a License or service agreement