Company Research Report: Get My Parking

Company Overview

Name

Get My Parking (GMP)

Mission

To transform parking real estate into intelligent mobility hubs.

Founded

June 2015

Founders

Chirag Jain (CEO), Rasik Pansare (CMO)

Key People

Chirag Jain, Chief Executive Officer

Rasik Pansare, Chief Marketing Officer

Hugo Rohner, Advisor and Minority Investor, former Global CEO of SKIDATA

Geremy Rodamer, Vice President, North America

Jordan Schware, Senior Vice President, North America

Headquarters

Bangalore, India

Number of Employees

112 employees (India-based) as of the latest data.

Revenue

Get My Parking aimed to double its revenue to USD 5 million (about Rs 37 crore) this fiscal year.

Recognized For

Get My Parking is known for its cloud-based smart parking management platform that digitizes parking spaces and integrates mobility solutions.

Products and Solutions

Products

GMP App

GMP QR

GMP AI ExpressLane

GMP Permit

GMP Partner Portal

GMP Access

GMP IQ

GMP EV

GMP Tap & Park

High-level Description and Key Features

GMP App

Custom-branded app for parking operators

Provides real-time parking availability and booking features

Touchless payments and seamless user experience

GMP QR

QR code-based touchless payment system

Quick setup and low cost

Reduces operational hassle and enhances parking efficiency

GMP AI ExpressLane

AI-powered ticketless parking

Eliminates LPR misreads

Ensures efficient and frictionless entry and exit

GMP Permit

Digital permit management system

User-friendly interface for both operators and end-users

Flexible pass purchase options

GMP Access

Integrates old parking hardware with modern capabilities

Enables contactless access and cashless payments

GMP EV

Supports electric vehicle charging infrastructure

Integrates with existing parking management systems

GMP Tap & Park

NFC and RFID-based solutions

Enhance parkers’ experience with quick access

Recent Developments

New Products and Features

ExpressLane: AI-powered ticketless parking system launched on July 16, 2024, notable for eliminating LPR misreads and ensuring efficient operations.

Custom Apps: Customized apps for various clients such as nexsPass for NJ Transit and Legacy Parking.

Partnerships

Mobilytics Acquisition: Acquired Delhi-based startup Mobilytics to enhance battery-as-a-service for EV ecosystems, emphasizing focus on the fast-growing EV industry.

Constapark Acquisition: Acquired Bangalore-based parking subscription firm Constapark, enhancing capabilities in subscription management.

Partnership with APCOA: Partnered with Europe’s largest parking operator to deploy an interoperable platform integrating parking equipment.

Collaboration with Mercedes-Benz: Embedded parking solutions into Mercedes-Benz cars equipped with Mercedes me connect for seamless navigation and payments.

Partnership with ParkTrans: Expanded presence in the US market with the support of ParkTrans.

Key Achievements

Digitization of 3500+ parking lots across 20 countries.

Handling over 100 million parking transactions.

Establishment as a Great Place to Work™ Certified organization.

Significant projects such as digitizing parking for Kumbh Mela and high-profile collaborations with Mercedes-Benz and APCOA.

Revenue and Growth

GMP has reported efforts to double its revenue to USD 5 million in the current fiscal year, driven by both domestic and international market expansions.

Continued growth and expansion into new markets, notably North America, leveraging strategic partnerships and acquisitions.

Industry and Market Impact

Get My Parking has significantly impacted parking management, offering innovative solutions that transform traditional parking spaces into digitized, efficient, and intelligent mobility hubs.

GMP’s technology solutions address modern urban challenges such as EV infrastructure integration, shared mobility, and efficient space utilization, positioning them as a forward-thinking leader in the smart parking sector.

Conclusion

Get My Parking continues to innovate and expand its footprint in the smart parking industry, leveraging technology, strategic acquisitions, and partnerships to drive growth and transform the parking experience globally.

End of Report.