39% Surge in Urban Vehicle Parking Revenues After a Smart Vehicle Parking Application was Fuelled by IoT
About
Our client is a group of prominent industrialists, who have crafted pioneering solutions for diverse verticals. Their novel vision and innovations have changed the digital landscape of Kuwait in a short span of time.
Project Highlights
The client’s latest conception aimed to ease down the parking woes that are taking an ugly shape in the wake of urbanization. They also wanted to build a modular business model that improves the revenue of parking space providers and ensures optimal utilization of such spaces. With its IoT expertise, Brainvire developed a highly automated solution for addressing this concern. It consists of a mobile application that directs users towards convenient parking spots in their vicinity through underground sensors. These spots can also be reserved well in advance and can be paid for in a cashless manner.
The Challenges
- Integration with Hardware service for parking automation:For achieving automation in parking management, integration with hardware service was essential.
- Data storage and real time updates:IoT integration involves the processing of huge volume of data and the parking app has to provide real-time updates to the end users.
- E-wallet and automatic deduction:Providing user with the option to pay through e-wallets after the utilization of the parking slot.
- Dedicated Parking Sports for Premium UsersThe premium users of this application had to be given access to a dedicated parking spot.
Tech Stack
Laravel
Android
IOS
ionic
Result
Successful Implementation in more than 50 Parking Zones
The IoT-based solutions has automated over 50 parking zones and is being readily adopted by other parking service providers.Management of 10,000+ Cars Daily through AI
The application’s in-built AI capabilities offer users real-time updates related to parking services.$10 Million Managed by E-wallet
The e-wallet has managed over $10 Million worth of transactions in a cashless mode.A Profitable Business Model that is Easily Scalable
The application has improved the occupancy and profitability of multi-storey car parking facilities and has also reduced the woes of urbanization to a greater extent.
