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nanobile

Smart City Eco-Friendly Parking and Traffic Solution

Serbia
Market: Mechanical engineering, Telecommunications, Electronics, Robotics, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 23.06.2020
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Idea

We have developed an integrated software and hardware solution that offers our users real-time parking and traffic overview along with an option to reserve a specific parking spot. Navigation and payment systems are included as well as some other additional features – all backed by sensors and bollards. Our application is available for Android and iOS, and it’s free of charge for drivers. On the other hand, the monthly subscription plan includes a web application made for clients.

Current Status

- Preparation of the production (Q3 2020)
- Preparation for first pilot project implementation (Q3 2020)
- Preparation for first full implementation (Q3 2020)
- Negotiation of additional pilot projects and full projects implementations (Q3 & Q4 2020)

Market

We are B2B and B2G focused company. Our market was validated by more than 30 million of parking application users in US and Europe, we are firstly targeting the CEE region that is going to grow up to 494 million of US$, while the global market is going to be around 43 billion – until 2025th.

Problem or Opportunity

I have a question for all of you, have you ever been late to an important meeting, taking your child to school or just going to your friends’ place, just because you got stuck in traffic or couldn’t find the parking spot?
Urban life today is messy and not well organized, people are in a hurry and stressed while driving. These problems are causing other issues like
- Wasted Money and Energy
- Wasted Time
- And Air Pollution – that causes a lot of deaths around the globe.

Solution (product or service)

We have developed an integrated software and hardware solution that offers our users real-time parking and traffic overview along with an option to reserve a specific parking spot. Navigation and payment systems are included as well as some other additional features – all backed by sensors and bollards. Our application is available for Android and iOS, and it’s free of charge for drivers. On the other hand, the monthly subscription plan includes a web application made for clients.
The Benefits of our solution are
For drivers – more time, saving money and reliability
For business and governmental clients – better parking management, social impact and data for the future urban planning
But most importantly we are all together lowering down the emission of CO2 in our cities.

Competitors

Libelium
Parklio
EasyPark Group

Advantages or differentiators

Our competitive advantages are:
- reservation in real-time,
- eco-friendly materials that we are using – that are giving usability to have low-cost production and circular economy in our production,
- easy installation and
- IP pending on our solution.

Finance

Parking Sensors - 39,90 EUR (for less than 500 pieces), 29,90 EUR for more than 500 pieces, with price agreements on the full city implementations.
Parking Bollards - 99,90 EUR (for less than 1000 pieces), with price agreements on full city implementations.
Monthly Maintenance (Software and Hardware) - 5 EUR per parking spot for smaller projects (up to 500 parking spots) with price agreements on bigger projects.

Business model

We are B2B and B2G focused company, we are going to make money from system integration, monthly subscriptions, and additional services.

Money will be spent on

It is going to be used for production, pilot and projects implementation, and HR.

Offer for investor

At the moment we are raising the SEED round of 250.000 EUR for 10% of company equity, which is going to be used for production, pilot and full project implementation, and HR, but more importantly, we are looking for partners and both business and governmental clients.

Team or Management

Risks

- Long Sales Circles
- Logistics

Incubation/Acceleration programs accomplishment

PowerUp! by InnoEnergy
PRIMER by InnoEnery
Startup Road to Success by Impact Hub Belgrade

Won the competition and other awards

CESAwards - Best Smart City Solution Startup - Serbia - 2019
CESAwards - Best Social Impact Startup - Serbia - 2019
World Summit Awards - Best Smart City Solution - Serbia - 2019
Wealth and Finance - Leading Innovators in IoT Traffic Solutions - 2019
CorporateLiveWire - Leading Innovators in IoT Traffic Solutions - 2020

Invention/Patent

Patent Pending on the whole solution.

Photos

Photo 1 - Smart City Eco-Friendly Parking and Traffic Solution
Photo 2 - Smart City Eco-Friendly Parking and Traffic Solution
Photo 3 - Smart City Eco-Friendly Parking and Traffic Solution
Photo 4 - Smart City Eco-Friendly Parking and Traffic Solution
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video