Park+

Name

Park+

Legal name

Park+

Website

https://parkplus.io

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Smart Parking Solutions

NAICS

Parking Lots and Garages (812930)

SIC

Services-Automotive Repair, Services & Parking (7500)

akta.pro primary industry

Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD)

akta.pro secondary industries

Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB), Parking Guidance, Wayfinding & Occupancy Management (Sensors, Signage) (BPABAKAH), Parking Management & Enforcement (Citations, Permits, Compliance) (BPABAKAB)

Keywords

• Smart parking solutions
• Valet parking services
• FASTag management platform
• Car insurance marketplace
• EV charging infrastructure

Headquarters

HQ city

Haryana

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Parking Transaction Fees: Revenue from parking management services at commercial and residential properties, including transaction fees for parking payments processed through the platform
2. FASTag Services: Commission from FASTag sales, recharges, and the FASTag Annual Pass (₹3000/year or up to 200 trips)
3. Valet Parking Services: Professional valet parking services for malls, hotels, events, hospitals, and corporate offices across 20+ cities
4. Car Insurance Referrals: Revenue from car insurance partnerships with providers including HDFC ERGO, Go Digit, Tata AIG, ICICI Lombard, United India, and National Insurance
5. B2B Smart Parking Solutions: Enterprise solutions including smart parking systems, access management, boom barriers, and ANPR systems sold to corporates, societies, and commercial properties

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Park+ runs a B2C super-app for car owners offering parking booking, FASTag purchase/recharge, e-challan payment, car insurance, new car discovery, vehicle-owner detail lookup, and car/personal loans, alongside B2B smart-parking solutions (RFID/ANPR-based access management, parking guidance, FASTag charging, boom barriers) and professional valet parking services for corporates, residential societies, malls, hotels, events, and hospitals across 16+ Indian cities.

Product overview

Park+ is a unified super-app for car owners in India, combining a comprehensive B2C mobile application with B2B enterprise solutions. The B2C platform offers a single app for all car-related needs including valet parking services, FASTag management, e-challan payment, car insurance, new car sales, vehicle loans, and vehicle owner lookups. The B2B division provides smart parking solutions including RFID-based access management, ANPR technology, parking guidance systems, and FASTag charging solutions for corporates, residential societies, malls, and hotels. Park+ positions itself as a one-stop platform for simplifying car ownership through digital integration of multiple services.

Differentiator

Problem solved

Functional benefit

Products and services

• Valet Parking Services Pre-bookable professional valet parking service at malls, hotels, restaurants, events, corporate offices, and hospitals across 20+ major Indian cities, operated by 5,000+ trained valets; customers pre-book through the Park+ app and valets park/retrieve vehicles on their behalf.
• FASTag Recharge & Issuance Service Electronic toll collection service enabling cashless highway toll payments via RFID-based FASTag; Park+ supports purchase, activation, recharge, and balance-check across multiple issuer banks (HDFC Bank, SBI, Axis Bank, ICICI, IDBI, IDFC First Bank, Airtel Payments Bank, Bajaj Finserv, LivQuik).
• FASTag Annual Pass Subscription-based annual unlimited FASTag pass providing non-commercial vehicle users up to 200 trips or Rs 3,000 worth of tolls per year across approximately 1,150 National Highway/Expressway fee plazas in India.
• E-Challan Service Digital platform for Indian drivers to check and pay traffic e-challans (violations), view challan details, pay fines, and access legal support for court challans across India.
• Car Insurance Marketplace Car insurance aggregation and purchase service offering comprehensive, third-party, and standalone own-damage policies from partners including HDFC ERGO, Go Digit, Tata AIG, ICICI Lombard, United India, and National Insurance.
• New Cars Marketplace New car discovery platform featuring 200+ models from brands including Maruti Suzuki, Hyundai, Tata, Mahindra, Kia, Toyota, MG, Honda, Volkswagen, BMW, Audi, Mercedes-Benz, and Porsche, with car comparison, test drive booking, and automotive news.
• Car Loan Service Automobile financing service connecting car buyers with personal/car loan offerings from lending partners.
• Personal Loan Service Personal financial lending service offering loans from providers including L&T Finance, Fibe, and Prefr for various needs including medical emergencies and education.
• Vehicle Owner Details Lookup Vehicle information lookup service allowing users to search vehicle-owner details by entering a vehicle number plate, with data fetched from authentic RTO platforms.
• Smart Parking Solution (B2B) RFID-based enterprise parking management system offering fast vehicle access within 3 seconds, automatic transaction recording for hassle-free payments, real-time parking-spot availability, and tenant-level slot management for commercial properties.
• Access Management System (B2B) Residential and commercial access control system enabling vehicle entry within 5 seconds, flat-level inventory management, and real-time resident/visitor activity monitoring through a dashboard.
• FASTag Charging Solution (B2B) B2B parking payment solution that lets vehicles enter FASTag-enabled facilities in 3 seconds using FASTag, UPI, card, or cash, with a real-time analytics dashboard for operators and support for physical or digital passes.
• Parking Guidance System (B2B) Real-time parking-availability system for shopping malls, corporate offices, airports, and large facilities that improves traffic flow, reduces congestion, and surfaces operational efficiency via dashboards.
• ANPR Solution (B2B) Automatic Number Plate Recognition technology using high-resolution cameras and OCR software to capture and process vehicle license plates in real time for parking management, access control, and law-enforcement integrations.
• Boom Barriers (B2B) Automated vehicle entry/exit barrier systems sold to parking lots and residential/commercial complexes to enhance security and reduce manual checks.
• EV Charging Station Deployment (via Esyasoft partnership) AI-enabled EV charging infrastructure deployment combining Park+'s footprint across residential societies, corporates, malls, and commercial assets with Esyasoft's chargers, real-time visibility, automated diagnostics, and smart energy management.
• Car Wash Services On-demand car cleaning and washing service available within residential societies, booked and operated through the Park+ app.

Quantifiable outcome

• Fast vehicle access within 3 seconds at parking locations
• +5 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• GEA (mentioned as parking operator customer)minorOthers · 26 June 2026GEA, a company reporting first-half 2025/2026 results, mentions Park+ as a parking operator customer among multiple international contracts. Park+ provides smart parking solutions as part of GEA's operational infrastructure.
• Esyasoft e-MobilitycoreStrategic or Co-development Partner · 18 December 2025Strategic partnership to deploy 10,000 electric vehicle chargers across India over three years, representing a Rs 100 crore investment. Collaboration combines Park+'s presence across residential societies, corporates, malls, and commercial assets with Esyasoft's AI-enabled EV charging platform offering AC and DC chargers, real-time visibility, automated diagnostics, and smart energy management. Deployment begins in Bengaluru, followed by Delhi NCR, Mumbai, Pune, Hyderabad, Chennai, Kolkata, and other major metros.
• MoovingcoreStrategic or Co-development Partner · 7 August 2024Partnership with Mooving to deploy 2,000 battery swapping stations across Delhi NCR, Mumbai, and Bengaluru. Battery swapping stations aimed at expediting EV adoption in India, combining Park+'s parking infrastructure with Mooving's battery technology.
• OtoparkminorStrategic or Co-development Partner · 14 June 2022Acquisition of Otopark, a community-based parking solution provider, expanding Park+'s coverage to 100% in the Mumbai Metropolitan Region (MMR). Park+ absorbed all Otopark employees and leveraged local knowledge to improve parking services in the region.
• PhonePecoreGTM or Marketing Partner · 10 August 2020Partnership to offer smart parking solutions to PhonePe's 200 million+ users. Park+ services integrated within the PhonePe app, enabling users to access parking solutions directly through PhonePe's platform. Park+ benefits from PhonePe's extensive user base while expanding PhonePe's service ecosystem.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Get My Parking: Indian smart-parking technology provider offering IoT-based parking management, mobile apps, ANPR, and access control for municipalities and commercial real estate — directly overlapping with Park+'s B2B smart parking stack and target segments.
• ParkOffice: India-based parking management and valet services operator serving corporate offices, malls, and residential complexes — directly competing with Park+'s enterprise B2B parking and valet offerings.
• JustPark: UK-headquartered parking marketplace and smart-parking platform connecting drivers to parking spaces with booking, access, and operator tools — directly comparable business model to Park+ in a different geography.
• ParkWhiz (Arrive): North American parking inventory and reservation platform providing real-time parking availability, booking, and operator software — comparable marketplace plus B2B SaaS model to Park+.
• Luxe (MVL / ValetEZ): Premium valet parking operator in India serving malls, hotels, events, and corporate offices — direct overlap with Park+'s valet services across cities and enterprise segments.

Broad incumbents

• CarDekho: India's largest auto consumer platform offering new/used cars, finance, insurance, and car-services marketplace — comparable to Park+'s super-app car-owner strategy at a broader scale and with deeper auto services.
• CarTrade Tech: Indian automotive digital marketplace spanning new/used cars, auctions, finance, and insurance — a broader incumbent competing with Park+ for car-owner monetization across insurance and auto services.
• Paytm: India's incumbent payments and consumer super-app with FASTag distribution, insurance, and a range of car-owner services — a broad adjacent peer overlapping with Park+ in FASTag, insurance, and parking verticals.

Emerging players

• PhonePe: India's largest UPI payments app (200M+ users) is both Park+'s biggest distribution partner and an emerging super-app player building utility services including parking — making it a critical, partially competitive counterparty.
• Smarking: Smart-parking analytics and revenue management platform for commercial real estate using sensors and dashboards — comparable B2B analytics-driven approach to Park+'s parking guidance and operator dashboards.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/parkplus_io
• Facebookfacebook.com/prkpls
• LinkedInlinkedin.com/company/parkplus

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds5 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Park+