04-08-2025
Park+ integrates AI into mobility, parking, and car ownership services
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 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 review platform, Park+ Reviews, now hosts over 5 lakh user-generated car reviews, positioning itself as a structured alternative to informal purchase 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 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.'
