ParkCore uses LoRaWAN sensors to provide real-time street parking availability, helping drivers find open spaces instantly. This platform enables cities to automate parking enforcement and maximize revenue by cross-referencing occupancy with payment data, reducing unpaid parking and optimizing dynamic pricing.
Funding
Funding not disclosed
Founders
Product
Problem
Cities face challenges in managing street parking effectively due to limited real-time data on parking space availability. This lack of information leads to increased traffic congestion as drivers search for open spots, reduced parking revenue from unpaid or under-optimized parking fees, and difficulties in enforcing parking regulations.
Solution
ParkCore offers a smart parking solution that utilizes LoRaWAN-based sensors to detect and transmit real-time parking occupancy data. This data is aggregated and analyzed to provide drivers with up-to-the-minute information on available parking spaces via a mobile app or integrated navigation system. Simultaneously, ParkCore's platform enables cities to automate parking enforcement by cross-referencing occupancy data with payment records, identifying violations, and optimizing parking rates based on demand. The system's dynamic pricing capabilities allow cities to maximize revenue while improving parking space turnover and reducing traffic caused by drivers searching for parking.
Target Audience
ParkCore targets city governments and municipalities seeking to improve parking management, reduce traffic congestion, and increase parking revenue, as well as individual drivers looking for a convenient way to find available parking spaces.
Features
- Real-time parking occupancy detection using LoRaWAN wireless sensors embedded in parking spaces
- Driver-facing mobile app displaying available parking locations and navigation assistance
- Automated parking enforcement through integration of occupancy data with payment systems
- Dynamic pricing algorithms that adjust parking rates based on real-time demand
- Web-based dashboard for city administrators to monitor parking utilization, revenue, and enforcement activities
- Integration with existing city infrastructure and parking management systems