Photo - ParkMate
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ParkMate

India
Market: Services
Stage of the project: Operating business

Date of last change: 01.12.2021
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Idea

ParkMate is a Hyperlocal on demand valet parking service. With ParkMate a customer simply needs to enter their destination and simply reach there. ParkMate takes care of the rest.

Current Status

ParkMate is beginning its operations as a service to at DLF Mall of India, Boulevard Walk Mall, Investors Clinic Offices and Karol Bagh. ParkMate is expanding its footprint all across the Delhi-NCR. ParkMate has partnered with PowerBank.Green for on demand super-charging of EVs for its users.

Problem or Opportunity

Parking congestion costs 4 major cities of India more than ₹ 64,000 Crores in economic opportunity loss. A car owners wastes upto 19 minutes to find a parking in city like Delhi. Parking congestion is a big life problem for every car owner which also impedes the business growth of retailers, cluster markets, malls and economic hubs. ParkMate is going to change this for customers and businesses.

Solution (product or service)

Let’s take an example. If you are visiting Starbucks Connaught Place Delhi, finding a parking would be a hassle and even if you find one, it will likely be 500-800 meters away. You will park your car and walk all the way to the desired destination. With ParkMate app, enter your destination and simply there. When you will reach your entered destination, you will find our Parking Buddy waiting for you. He will take your car and park for you. Whenever you have to leave, simply click on ‘Get my Car’. He will deliver your car wherever you are. With ParkMate, “You Drive. We Park.”

Business model

ParkMate charges a flat fee of ₹ 49 per pick and drop to its customers. Parking ticket fee is charged over this fee. For B2B clients, ParkMate offers 03 tier Plans to choose from- ParkMate Basic(with fixed monthly fee for only training and usage of exclusive valet software and application).
ParkMare Premium Plan with full end to end management for businesses. Pick and Drop charges fixed as per a matrix depending on total availability of parking spaces in the vicinity and distance of the nearest legal parking lots.
ParkMare Luxe Plan offer sink in benefits and additional luxury experiences.
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