Innovation That Matters

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Smart parking solutions

Mobility & Transport

A startup is using IoT devices to provide real-time data on parking 

Spotted: By 2050, the proportion of the global population living in urban areas is expected to reach 68 per cent, creating a further 2.5 billion city-dwellers compared to today’s number.  

To accommodate this growing population, while also improving sustainability and quality of life, there is growing interest in the concept of smart cities. One company that is improving urban life today is Eleven-X, which has created eXactpark, a smart parking solution.  

Using a specially designed wireless sensor, eXactpark collects real-time data on parking space occupancy in indoor or outdoor structures and tracks when spaces are filled or vacated. This information can then be used in a variety of ways. For example, drivers can use the Space Guidance app to find available parking.  

The data can also be integrated into back-office parking management applications to enable better decisions, including dynamic pricing and optimisation of infrastructure planning. The platform can deliver a customised dashboard that monitors factors such as turnover, zone counts, demand over time, pinch points, average parking duration, and other indicators.  

Eleven-X’s sensors are wireless, cost-effective, and designed to last more than 10 years. They also require almost zero maintenance. This means that the total cost of ownership for the sensors is low compared to other solutions. 

The startup is a graduate of Canada’s Accelerator Centre and has completed a pre-seed financing round.

Making cities more efficient is crucial for minimising their carbon footprint and improving the lives of inhabitants. In the archive, Springwise has also spotted a smart urban planning platform and the use of the Internet of Things (IoT) to improve traffic flow.

Written By: Lisa Magloff




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