Parkeasy

What Parkeasy does

ParkEasy is a Malaysian consumer-facing mobile parking reservation platform operated by PixelByte Sdn Bhd (Company No. 1104099-U), founded in 2020 and headquartered in Petaling Jaya, Selangor. The smartphone application enables individual drivers to browse designated parking bays at participating car parks, reserve a spot up to one hour in advance, unlock the bay on arrival, and have their parking duration automatically measured from arrival to departure detection. The platform also supports EV charging at designated bays, charging a per-kWh fee for electricity consumed and an idle fee for time the vehicle occupies the bay without actively charging. All fees are disclosed to the user within the app before reservation confirmation.

The business model is purely transactional: revenue is generated from a one-time confirmation fee per successful reservation, a time-stepped duration fee measured from bay unlock to departure, a per-kWh EV charging fee, and an idle occupancy fee. Users preload non-refundable ParkEasy credits through in-app purchase to settle these charges. Distribution is product-led and self-serve via native iOS and Android apps, supplemented by a web client at parkeasy.co, and is currently limited to a single country (Malaysia). The company has cultivated institutional credibility through Malaysian government and tech-ecosystem supporters — MDEC, MCMC, Digital Malaysia, MSC Malaysia, Platcom Ventures, 1337 Accelerator — and is backed by early-stage capital from CMY Capital, Modal Perdana, and Microsoft BizSpark; no enterprise customers, no disclosed headcount, and no disclosed revenue are present in the available data.

Name

Parkeasy

Legal name

PixelByte Sdn Bhd

Website

https://parkeasy.co

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

ParkEasy is a Malaysian mobile app that lets individual drivers reserve and pay for parking bays up to one hour in advance, with integrated EV charging billing, operated by PixelByte Sdn Bhd since 2020.

Ownership category

akta.pro rank

Product category

Smart Parking / Parking Management Software

NAICS

Parking Lots and Garages (81293), Parking Lots and Garages (812930)

SIC

Services-Automotive Repair, Services & Parking (7500)

akta.pro primary industry

Smart Parking Technology Platforms (Occupancy Sensors, Guidance, Reservations, Analytics) (TLAJAIAC)

akta.pro secondary industries

Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB), Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD)

Keywords

• Mobile parking app
• Parking reservation service
• EV charging platform
• Smart parking solution
• Bay management system

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Confirmation Fee: Fee levied immediately upon creation of a successful parking reservation. This is a one-time transaction fee per reservation.
2. Duration Fee: Fee charged in steps for the duration parked, measured from when the user unlocks their bay until departure detection. Consumption-based billing model.
3. kWh Fee (EV Charging): Fee per kilowatt-hour consumed by electric vehicles from connected chargers. Measured by the EV charger device.
4. Idle Fee: Fee levied for time units during which the EV occupies the bay without active charging, encompassing pre and post charging periods.
5. Credit System: Users purchase and load ParkEasy credits ( Credits) to pay for reservations. All credits are non-refundable and cannot be exchanged for money.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

ParkEasy is a smartphone-based parking reservation platform that allows individual drivers in Malaysia to find designated parking bays, reserve a spot up to an hour in advance, unlock the bay through the mobile app, and pay via a prepaid credits system with duration-based fees. The service also supports EV charging bays with kWh-based consumption billing and idle fees, and provides automatic departure detection to calculate parking duration.

Product overview

ParkEasy is a single mobile application platform developed by PixelByte Sdn Bhd that enables users to find and reserve parking spots. The core product consists of the ParkEasy Mobile Application with its ParkEasy Reserve feature, which allows users to browse available car park bays, make reservations in advance, and pay through a credits system. The service also supports electric vehicle charging at designated bays, with fees calculated based on duration and kWh consumption.

Differentiator

Problem solved

Functional benefit

Products and services

• ParkEasy Mobile Application A smartphone application (iOS and Android) that enables individual drivers in Malaysia to find designated parking bays, reserve a spot in advance, unlock the bay, and pay for parking and optional EV charging via a prepaid credits system. Requires a modern smartphone with the latest Android or iOS operating system and internet access.
• ParkEasy Reserve A reservation feature within the ParkEasy mobile app that lets registered users pick a location and reserve a parking bay up to one hour in advance, with automatic departure detection calculating the duration fee from unlock to departure.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Malaysian Digital Economy Corporation (MDEC)coreStrategic or Co-development PartnerParkEasy is supported by MDEC, Malaysia's principal digital economy agency that drives digital transformation initiatives. MDEC supports technology companies through funding, mentorship, and ecosystem connections.
• Malaysian Communications and Multimedia Commission (MCMC)coreStrategic or Co-development PartnerParkEasy is supported by MCMC, the regulatory authority overseeing communications and multimedia in Malaysia. This association provides legitimacy in the Malaysian market.
• Digital MalaysiaminorStrategic or Co-development PartnerParkEasy appears in listings of companies supported under Malaysia's national digital initiative program.
• Microsoft BizSparkcoreTechnology or IntegrationParkEasy is a member of Microsoft BizSpark, a program that provides startups with software, support, visibility, and Azure cloud services credits.
• 1337 AcceleratorcoreStrategic or Co-development PartnerParkEasy has participated in 1337 Accelerator, a Malaysian technology startup accelerator that provides mentorship, resources, and investment opportunities.
• Platcom VenturesminorStrategic or Co-development PartnerParkEasy is listed as a partner/startup under Platcom Ventures, a Malaysian technology and innovation services company.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• SpotHero: SpotHero operates a marketplace for reserving parking spots in advance across North American cities, with consumer and B2B offerings. Comparable to ParkEasy's advance reservation model and platform-led approach.
• PayByPhone: PayByPhone is a global parking payments app used by municipalities for on-street and off-street parking, with growing EV charging functionality. Directly comparable in pay-and-stay mobile parking.
• ParkWhiz: ParkWhiz (now part of SpotHero) was a US advance-parking reservation marketplace. Highly comparable to ParkEasy's reserve-a-bay model and direct-to-consumer booking flow.
• EasyPark: EasyPark is a European parking app enabling drivers to find, reserve, and pay for parking across thousands of operators, with EV charging support. Directly comparable to ParkEasy's reservation-first, multi-operator model.
• JustPark: JustPark is a UK-based parking reservation marketplace that lets drivers pre-book parking from private driveways and commercial operators. Closely matches ParkEasy's early-reservation and aggregator model.
• ParkMobile: ParkMobile is a leading mobile parking reservation and payment app in the US, offering on-demand and advance parking, EV charging integration, and the same smartphone-based UX as ParkEasy. Highly comparable in product scope and business model.

Regional players

• Touch 'n Go eWallet: Touch 'n Go eWallet is Malaysia's dominant e-wallet and already supports parking payments at many Malaysian car parks. A regional rival with comparable end-user functionality and a much larger Malaysian user base.
• MPH (Malaysia Parking Hub): MPH is a Malaysian smart parking operator/dealer providing parking system sales and management solutions to local operators. Comparable as a Malaysia-headquartered parking technology vendor overlapping with ParkEasy's target market.

Emerging players

• Park+: Park+ is an Indian smart-parking and connected-car platform offering advance booking, EV charging, and valet services. Comparable in tier-2/3 emerging-market smart parking model with EV focus.

Broad incumbents

• Google Maps: Google Maps incorporates parking information and some reservation/deep-link features for drivers globally. A broad incumbent whose parking features could substitute for or compete with ParkEasy's discovery-and-reservation flow.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds3 records

Investors3 records

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

M&A

Investments

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

Frequently asked questions about Parkeasy