The startup offers a digital parking permit and enforcement platform that utilizes license plate recognition technology to provide real-time parking occupancy data and facilitate violation management. This solution enables property owners to monetize their parking spaces while helping drivers save time and reduce costs associated with finding available parking.
Funding
$530K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many properties lack efficient systems for managing parking permits and enforcing parking regulations, leading to unauthorized parking, revenue loss, and administrative overhead. Traditional parking management methods often rely on physical permits, manual patrols, and outdated technology, resulting in inefficiencies and inconvenience for both property managers and parkers.
Solution
ParkStash offers a digital parking permit and enforcement platform that streamlines parking management through license plate recognition (LPR) technology. The platform enables property owners to issue digital permits, automate enforcement, and gain real-time insights into parking occupancy. By eliminating the need for physical permits and manual patrols, ParkStash reduces administrative costs, improves parking compliance, and enhances the overall parking experience for residents, visitors, and employees. The system integrates with towing and security services for automated violation management and provides analytics to optimize parking operations and generate revenue.
Target Audience
ParkStash targets apartments, homeowner associations (HOAs), multifamily properties, parking lot owners, property owners, cities, universities, and corporate entities seeking to streamline parking management and enforcement.
Features
- Digital parking permits: Tenants and visitors can obtain permits by scanning a QR code and entering their license plate information.
- Automated enforcement: The system tracks violations and issues citations, integrating with towing and security services for automated enforcement.
- License plate recognition (LPR): LPR technology automatically detects parking violations and grants authorized vehicles access to parking areas.
- Parking access control: Automated gate opening for authorized license plates, eliminating the need for fobs or remote controls, with tailgating detection and instant notifications.
- Real-time occupancy data: Provides insights into parking occupancy, enabling data-driven decisions and optimized parking management.
- Analytics: Offers comprehensive analytics on parking usage, violations, and revenue generation.
- Mobile app: Allows users to manage their parking permits, receive notifications, and make payments.