Photo - SpotVision
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SpotVision

Easily find parking spot anytime

Belarus, Minsk Region
Market: Auto Maintenance, Transport, Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 11.02.2019
Min investment
$  50.000
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Total required
$ 500.000
Rating
equalizer из 1000
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Idea

We want to bind all possible webcams on streets and parkings to provide drivers with real-time information about available spots based on AI spot detection

Current Status

We already have a working application with 3 parkings attached and 30 pending.

Market

We see our customers mostly in big cities.
Population of top 150 cities -- 827.152.196

Problem or Opportunity

We are trying to help drivers save their time by pointing them directly to vacant spot. In modern cities there is an increasing amount of cars and with this time to find where to leave a car is also increasing. This service should became a convenient solution to improve life quality.

Solution (product or service)

We have created Android and iOS application which show in real-time exact positions of vacant parking spots. It's became possible by using existent security cameras infrastructure and machine learning algorithms.

Competitors

https://indect.com -- they use mostly sensors to control that spot is vacant, but they also have a technology similar to ours. They aimed on commercial parkings like beside stores and airports
http://www.pixevia.com/ -- they propose same technology but also mostly pointed on retail customers. And they are in development stage as for now
http://parkingdetection.com/ -- they also detect vacant spots with AI but work with own hardware only

Advantages or differentiators

1)Easy onboarding which forces organic growth
2)We show vacant spots even when parking is not marked. We just find where is enough space for car
3)We can save on cloud services by making computations on user phones

Money will be spent on

We need to verify monetisation models. In this purpose we will have to create sales department and expand development team.

Offer for investor

We prefer to work with convertible loan

Team or Management

Photos

Photo 1 - Easily find parking spot anytime
Photo 2 - Easily find parking spot anytime
Photo 3 - Easily find parking spot anytime
Photo 4 - Easily find parking spot anytime

Product Video

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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