Loop Parking (Plug and Play S24 & FI F22)

About Loop Parking (Plug and Play S24 & FI F22)

Loop Parking offers a mobile app that facilitates the exchange of residential parking spaces among users, enabling them to access free parking in urban areas. For a monthly fee of $9.99, members can list their unused spots and reserve others, effectively maximizing parking availability in cities like Toronto and Vancouver.

```xml <problem> Finding affordable and available parking in dense urban environments is a persistent challenge for city residents. Existing parking options are often expensive, inconvenient, and do not fully utilize available residential parking spaces. This leads to frustration and wasted time for drivers seeking parking. </problem> <solution> Loop Parking offers a mobile platform that facilitates the exchange of residential parking spaces among its members, providing access to free parking in cities. By listing their unused parking spots, members earn credits that can be used to reserve parking spaces from other members within the community. The platform aims to maximize parking availability and reduce parking costs for urban residents through a collaborative sharing model. </solution> <features> - Mobile app for listing and reserving residential parking spaces - SpotSwap functionality enabling members to exchange parking spots - Scheduling feature to define the availability of parking spots - Search and reservation system for finding and booking desired parking locations - Community-based platform connecting residents for parking exchange </features> <target_audience> The primary target audience is urban residents in cities like Toronto, Vancouver, Calgary and Quebec City who own or rent residential parking spaces and are looking for affordable parking options. </target_audience> <revenue_model> Loop Parking generates revenue through a monthly subscription fee of $9.99, providing members with unlimited access to the SpotSwap community and free parking. </revenue_model> ```

What does Loop Parking (Plug and Play S24 & FI F22) do?

Loop Parking offers a mobile app that facilitates the exchange of residential parking spaces among users, enabling them to access free parking in urban areas. For a monthly fee of $9.99, members can list their unused spots and reserve others, effectively maximizing parking availability in cities like Toronto and Vancouver.

Where is Loop Parking (Plug and Play S24 & FI F22) located?

Loop Parking (Plug and Play S24 & FI F22) is based in Mari, Canada.

When was Loop Parking (Plug and Play S24 & FI F22) founded?

Loop Parking (Plug and Play S24 & FI F22) was founded in 2022.

Who founded Loop Parking (Plug and Play S24 & FI F22)?

Loop Parking (Plug and Play S24 & FI F22) was founded by Steeson Mathew.

  • Steeson Mathew - CEO
Location
Mari, Canada
Founded
2022
Employees
4 employees
Major Investors
Plug and Play
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Loop Parking (Plug and Play S24 & FI F22)

Score: 62/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

Loop Parking offers a mobile app that facilitates the exchange of residential parking spaces among users, enabling them to access free parking in urban areas. For a monthly fee of $9.99, members can list their unused spots and reserve others, effectively maximizing parking availability in cities like Toronto and Vancouver.

loopparking.ca200+
cb
Crunchbase
Founded 2022 – Mari, Canada

Funding

Major Investors

Plug and Play

Team (<5)

Steeson Mathew

CEO

Company Description

Problem

Finding affordable and available parking in dense urban environments is a persistent challenge for city residents. Existing parking options are often expensive, inconvenient, and do not fully utilize available residential parking spaces. This leads to frustration and wasted time for drivers seeking parking.

Solution

Loop Parking offers a mobile platform that facilitates the exchange of residential parking spaces among its members, providing access to free parking in cities. By listing their unused parking spots, members earn credits that can be used to reserve parking spaces from other members within the community. The platform aims to maximize parking availability and reduce parking costs for urban residents through a collaborative sharing model.

Features

Mobile app for listing and reserving residential parking spaces

SpotSwap functionality enabling members to exchange parking spots

Scheduling feature to define the availability of parking spots

Search and reservation system for finding and booking desired parking locations

Community-based platform connecting residents for parking exchange

Target Audience

The primary target audience is urban residents in cities like Toronto, Vancouver, Calgary and Quebec City who own or rent residential parking spaces and are looking for affordable parking options.

Revenue Model

Loop Parking generates revenue through a monthly subscription fee of $9.99, providing members with unlimited access to the SpotSwap community and free parking.