Photo - ParkIN LLC
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ParkIN LLC

PARK'IN , Mobile App of Shared parking

UAE
Market: Internet and IT, Building, Transport, Services, Mobile applications
Stage of the project: Operating business

Date of last change: 29.11.2020
Min amount of loan
$  50.000
Estimated yield
4 % a year
Total required
$ 330.000
Rating
equalizer from 1000
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Also this project:
- is looking for investment

Idea

PARK’IN is a new Mobile App who help Parking Owners to maximise their revenue with their previously unused car parks space.
The concept of the application is simple, we contact private owners such as hotels, restaurants, residences and other infrastructure, in order to make available the unused parking spaces of these owners to our members.

Current Status

Application OK
Tests OK ,
Company created

Parking : 500 in Dubai
Users : 1000
Transactions : 4/5 monthly booking per week

Market

Drivers who can’t find a Public Car Parks
Tourists or Businessmen who Rent a car
Sales Representing move all the time
Peoples for events
Peoples don’t want to use valet service…

Problem or Opportunity

Problem to find Parking place in Dubai
Waist Time Stress for Drivers
Very hot during summer

Competitors

Yallah Parking

Advantages or differentiators

We work with only hotels , Yallah parking is like airbnb of parking
advantages :

- Full mobile app
- Security: geolocation in real time, Check in / check out
- check the availability of parking
- checkin/checkout process
- Strict selection of partners
- location everywhere in Dubai
- comfortable service for drivers

Finance

500 is monthly average booking ,
we charges 20% per transaction

Loan terms

36 months

Interest rate, %

4

Business model

Commission on realized bookings (from 20% to 30%)
We aim for short terms, as well as long terms (monthly subscription)
Pricing announced on booking, according to agreement between our services and the services of our partners
Supplements for time overruns

Solution (product or service)

Shared hotels parking ,
easy mobile app
park and book in less than 1 minute

Benifit for costumers and partners ( hotels , landlors , residences )


Risks

- Competitors private parking
- Development of parking sharing between individuals

Incubation/Acceleration programs accomplishment

in5

Won the competition and other awards

In5 floating pitch competition
StartupX by INV District

Photos

Photo 1 - PARK'IN , Mobile App of Shared parking

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video