Parknav, an alumnus of our Intelligent Mobility Accelerator, run in partnership with Wayra UK, part of Telefonica Open Future and supported by Hyundai and Ferrovial Services, has been officially launched in beta by Q8 Petroleum in the Belgium city of Antwerp.
Q8 is one of the worlds top ten energy conglomerates and one of the largest fuel players in Belgium, with 540 filling stations.
Parknav, a real-time on-street parking information API, is hoping to launch in more cities very soon; based on positive feedback on this early version of the solution from the public.
The launch of Parknav’s beta is the first step in the development of a parking app that will direct drivers to unoccupied, on-street parking spaces in real-time while suggesting travel routes and estimating time to destination.
Parknav has been designed to remove the uncertainty of having to find a parking space at the end of a journey. Research suggestions it can sometimes take an average of ten minutes to find suitable on-street space. The app calculates a realistic door-to-door travel time, including the time needed park and the possible subsequent longer walking time from your vehicle to your destination. With one in three cars in the city looking for a space at any one time, there will always be demand for a solution like this.
Parknav; one of 24 IM Accelerator pilots
Alex Weedon, SME Director at Connected Places Catapult said “We’re delighted for the outstanding team at Parknav, who have developed a best in class product. Parknav continues the success of many organisations that have been part of the Intelligent Mobility (IM) Accelerator programme which, to date, has generated 24 commercial pilots for the 28 start-ups that have participated. Combined, these SMEs have raised over $250M in external investment.”
Other notable successes to come out of the IM Accelerator include kerbside management and mobility technology firm AppyWay, who received strategic investment from Hyundai and the Sumitomo Corporation as part of its total £7.6 million Series A funding round; and, electric vehicle range prediction technology company Spark EV, who received support to trial its technology on Hyundai electric vehicles. These were both a direct result of AppyWay’s and Spark EV’s involvement on the accelerator.
The Intelligent Mobility accelerator is now accepting applications for its next group of business, for more information and to register click here.
For information on how to join as ICAV members, please click here.