logo
Park+ integrates AI into mobility, parking, and car ownership services

Park+ integrates AI into mobility, parking, and car ownership services

Time of India5 days ago
Park+ is embedding AI across its services from parking management and access control to peer-based car reviews. Now present in 130+ cities with over 2.5 crore verified users, the platform is steadily expanding its role in India's urban mobility ecosystem.At MahaKumbh 2025, it managed over 5 lakh vehicles across 30+ zones using its AI-powered parking system, reducing wait times by 91% and enabling FASTag payments for over half the users. In cities like Varanasi, Kochi, and Agra, Park+ has deployed RFID and ANPR-based vehicle access systems in residential and commercial spaces, aimed at reducing manual checks and enhancing security.Its review platform, Park+ Reviews, now hosts over 5 lakh user-generated car reviews, positioning itself as a structured alternative to informal purchase advice.In FY24, Park+ posted Rs 131 Cr in revenue. Its access control business spanning 15,000+ locations and processing over 2 crore daily barrier movements anchors its monetisation strategy as it broadens into services like FASTag, valet, insurance, and car reselling through partnerships with Tata AIG, Cars24, and Spinny.On more applications and use cases for Park+, Amit Lakhotia, Founder & CEO, said - 'Our partnership with IOCL has also made us the largest online fuel distributor in India. People use our app daily to purchase fuel, either for personal use, reimbursement, or to manage driver expenses. It eliminates the need for paper bills and keeps things streamlined. We've also become the leading platform for checking traffic challans online. And in the next 30 days, we plan to launch insurance and car servicing features as well.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US law firm to move Gujarat court in Air India plane crash case to seek Cockpit Voice Recorder, Flight Data Recorder data
US law firm to move Gujarat court in Air India plane crash case to seek Cockpit Voice Recorder, Flight Data Recorder data

Indian Express

time23 minutes ago

  • Indian Express

US law firm to move Gujarat court in Air India plane crash case to seek Cockpit Voice Recorder, Flight Data Recorder data

D Michael Andrews (Mike), Principal Attorney and aviation accident lawyer from a prominent US-based law firm — Beasley Allen — who is representing at least 65 families of the victims of the London Gatwick-bound Air India 171 crash in Ahmedabad that killed 241 on board and 19 on the ground on June 12, arrived in Surat on Saturday, from where he headed to Diu to meet the lone survivor, Vishwash Kumar Ramesh. Andrews said that his law firm will file a petition in a Gujarat court to get a detailed copy of the data of the Cockpit Voice Recorder (CVR) and the Flight Data Recorder (FDR). 'Our law firm's expert team will analyse it (the data)… to file a case against Boeing in US federal court,' Andrews said. Upon his arrival, Andrews told The Indian Express: 'Today (Saturday), I met some of the family members of Ahmedabad plane crash victims and (later) will fly from Surat to Diu as I am curious to meet the lone survivor Vishwash Kumar Ramesh.' A total of 242 passengers were on board the Air India Boeing flight, which crashed within seconds after taking off from Runway 23 of the Sardar Vallabhbhai Patel International Airport. The crash saw only one survivor, British citizen from Diu Viswash Kumar Ramesh, while the victims included former chief minister Vijay Rupani. Andrews who has earlier represented families of aviation disaster victims, including victims of the 2019 crash of the Ethiopian Airlines-run Boeing 737 MAX flight 302 that killed all 149 passengers and eight crew members, had been contacted by the kin of Ahmedabad plane crash victims to represent them in the legal proceedings. Earlier on Friday, he met some of the victim's families and assured them of 'all possible help.' Andrews who has been to the crash site at Meghaninagar during an earlier visit to Ahmedabad said: 'The Air India 171 crash, along with the 737 MAX disasters, must be treated as calls for reform — to restore independent oversight, prioritise passenger safety, and rebuild global trust in aviation standards.' This will be Beasley Allen and Mike's first case in India. Terming the sharing of the wrong mortal remains with the family members as 'truly tragic', Andrews said, 'It is truly tragic…the stories I read in the media about the wrong remains being handed to the families of the victims in the UK. We have not talked to such families, nor have they approached us. I don't know how such a thing has happened'. 'This issue leads to many questions. The families have the right to know what happened. They want to understand it from the beginning… like how the bodies were handled, collected, identified and processed and, who made the decision to send them to the UK,' he said. 'In my 20 years of experience fighting aviation litigation cases, I don't remember any case where wrong remains were handed over to the families,' he added. Andrews further added, 'We have met many families who wanted to know exactly what had happened, and who should be held accountable. We have planned to file a petition in a Gujarat court to get the copies of the CVR and the FDR, collected by the investigation agencies of the Government of India. FDR will tell us 'what' happened in the plane and the CVR will tell us 'why'. The data will throw light on the sounds in the cockpit, the voices, the switches, the beeps, the sirens, the alarms and other things. Our law firm has experts …in terms of computer analysis, animation and reconstruction, hydraulic and selective engineers and pilots. The expert team will piece together all the information and understand what happened in the cockpit'. 'We can also know if the crash was caused due to a human error or if the systems in the plane were responsible… Right now, we don't know that. These two things together will give us a clear picture of what actually happened,' he said. He added, 'We are also in contact with legal firms in the UK, to assist us in the Montreal Convention Claims. A team from the Air Accident Investigation Branch of the UK had earlier come down to Ahmedabad and probed. We will also try to gather information from them. We feel that the information obtained from them will be helpful to us.' The Montreal Convention establishes liability of the airline in the case of death or injury to passengers, as well as in cases of delay, damage or loss of baggage. Talking about the lone survivor, Vishwash, Andrews said, 'I am curious to meet him. We have come to know that he lost his brother in the same incident. The family would be in great pain and worried… Apart from his family, we are also planning to meet families of other victims of Diu, who are presently available.'

Sebi proposes lower entry threshold for large-value AIFs at Rs 25 cr
Sebi proposes lower entry threshold for large-value AIFs at Rs 25 cr

News18

time33 minutes ago

  • News18

Sebi proposes lower entry threshold for large-value AIFs at Rs 25 cr

Agency: PTI New Delhi, Aug 9 (PTI) Markets regulator Sebi has proposed a slew of relaxations for large value funds (LVFs) under the alternative investment funds framework, including reduction in minimum investment requirement to Rs 25 crore from the current Rs 70 crore. In a consultation paper issued on Friday, the regulator said the changes aim to widen investor participation and cut compliance costs. The proposals follow recommendations from Sebi's Alternative Investment Policy Advisory Committee and the Ease of Doing Business Working Group. The key proposal is to lower the investment threshold to Rs 25 crore, which the regulator said will attract more domestic institutional players such as insurance companies and diversify the investor base. At present, the working groups highlighted that LVF threshold of Rs 70 crore is too high and many investors, including some institutional investors, have limitations on the quantum. Sebi has also proposed exempting LVFs from several compliance requirements, including the need to follow the standard template for private placement memoranda (PPM), mandatory annual audits of PPM terms, and the responsibility placed on investment committee members for approving fund decisions. Sebi also recommended allowing existing AIF schemes, whose investors meet LVF criteria, to convert into LVFs with the consent of all investors. This would enable them to benefit from the proposed relaxations. The markets watchdog noted that LVFs have seen steady traction since their introduction in August 2021, but could play a bigger role in channelling long-term investments, especially into unlisted securities, if entry barriers are lowered. The Securities and Exchange Board of India has invited public comments on the proposals till August 29. PTI HG TRB view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Passenger wins ₹1.5 lakh in compensation after unhygienic seat on Indigo flight
Passenger wins ₹1.5 lakh in compensation after unhygienic seat on Indigo flight

Economic Times

time40 minutes ago

  • Economic Times

Passenger wins ₹1.5 lakh in compensation after unhygienic seat on Indigo flight

Synopsis Indigo Airlines has been found guilty of service deficiency by a Delhi consumer forum for providing a passenger with an unhygienic and stained seat on a flight from Baku to New Delhi. The forum has ordered the airline to compensate the woman ₹1.5 lakh for the discomfort, pain, and mental distress she experienced. Agencies The Delhi consumer forum has found Indigo Airlines guilty of deficiency in service for allotting an unhygienic and stained seat to a woman passenger, ordering the airline to pay ₹1.5 lakh as compensation for the discomfort, pain, and mental distress New Delhi District Consumer Disputes Redressal Commission — comprising president Poonam Chaudhry and members Bariq Ahmed and Shekhar Chandra — heard the case filed by Pinki, who claimed she was given an 'unhygienic, dirty and stained' seat while travelling from Baku to New Delhi on January 2 this further alleged that her complaint about the matter was handled in a 'dismissive and insensitive manner.'In response, Indigo said it had addressed the problem by assigning her a different seat, which she accepted and used to complete her journey to New in its order dated July 9, recently made public, the forum stated, 'We hold that the opposite party (Indigo) was guilty of deficiency in service.' 'As regards the discomfort and pain, mental agony suffered by her, we are of the view that she must be compensated. We accordingly direct the opposite party to pay Rs 1.5 lakh as compensation for mental agony, physical pain and harassment to her,' it commission also instructed the airline to pay ₹25,000 towards litigation its observations, the forum noted that Indigo had failed to produce the Situation Data Display (SDD) report, a part of its internal operational records maintained under standard aviation protocols.'There is no reference to this report in the written statement or in the evidence filed by the opposite party. The SDD is a crucial document used for flight operation monitoring and to record passenger-related incidents. The absence of this document significantly weakens the opposite party's defence,' the order said. [With PTI inputs]

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store