Company Name : Agile Parking
Funding Amount : Rs 2.5 Crore
Investor(s) The Chennai Angels
Funding Round : Not Disclosed
The Chennai Angels has invested Rs. 2.5 crores in Agile Parking Solutions (‘Get My Parking’) which is engaged in smart parking technology.
New Delhi-based Agile Parking Solutions was founded by Chirag Jain and Rasik Pansare, who are alumnus of IIT Madras and FMS Delhi respectively.
“People are buying more vehicles today than ever before. The exponential rise in demand for parking space is crippling the urban infrastructure and causing needless congestion. We believe only technology and data driven solutions can solve this chronic problem with efficient use of existing parking space,” said Chirag Jain of Agile Parking Solution.
It is using a cloud-based mobile parking technology which makes real-time parking information accessible for both, the supply and demand side. Its mobile app empowers self-driving users to search, book and navigate to parking hassle-free.
It saves the user’s time, fuel and energy and reduces urban traffic congestion and consequent pollution by up to 30%.