admin Cars in today’s rising economies are becoming a necessity and are easy to afford for every middle-class person. But one peculiarity comes with owning a car and that is to find a parking space for it whenever you go around in your car. ParqEx was a trailblazer and created a new market when it offered private parking spaces for rental purposes. It was a big relief for common commuters who used to drive a car and this positive idea was very soon developed into a product and accepted by large numbers.
ParqEx has creatively found solutions for most of the parking related problems and has created a new stream of income for the parking space owners to earn money by renting their free spaces. This exceptional idea was marketed in the right fashion to bring about the best possible results for the consumers.
The most unique aspect of ParqEx’s business model is that it offers “self-managed parking real-estate” which works in a more efficient way than the public parking spaces. ParqEx have created such a product that treats every property in a custom way to provide maximum benefit to the rental space owner and the tenant of the place.
The idea behind the brand
This was an original and effective idea of Vivek Mehra, the founder and CEO of the company. He stumbled upon the revolutionary idea one odd day when he was working in Chicago and was going through everyday troubles of finding parking space for his car. He has an experience of over 18 years in leading technology companies and has been a creative leader in multiple tech giant’s ventures.
We don’t need more parking lots, we just need to come together as a community and help each other out. At ParqEx, this is the idea that drives us.
Vivek has a strong knowledge of introducing proven tools, methodologies and processes that have slashed development times, improved quality and increased internal/external customer satisfaction. He has a deep technical expertise and hands-on experience in architecting and building technology solutions; mobile and web. He launched several mobile and web Software as a Service (SaaS) products. He is skilled in identifying and developing the highest performance / lowest cost solutions that deliver a high ROI on the IT investment.
He has worked for Fortune 500 and start-up companies as developer, architect, Chief Technology Officer, Board of Director, and, Founder. He also has experience in building companies from the ground up; through idea, development, raising capital, Mergers & Acquisitions, and, the sale of the company.
Best-in-class Services
ParqEx’s unique solutions that can be implemented individually or packaged together depending on the clients’ needs. ParqEx’s four of the essential solutions comprise of Marketplace: Through this they provide property owners with the ability to increase income by facilitating rentals to drivers looking for a place to park; Access: A best way to provide access to secure parking spaces by controlling garage doors and gates through the ParqEx mobile app; GuestParq: Primarily this is built for apartment and condominium buildings, this plug-and-play offering improves the guest parking experience for residents, guests, and managers altogether. It improves the entire process —from reserving a spot, to arriving at the building, to managing who should be parking in what spot — all while capturing important usage data over that period of time; and, Enforcer: This is specially designed to make easy use of administrative tools and convenient enforcement services making sure that the vehicles are parked in the right locations. It supports anyone who is self-managing their parking or using third parties for enforcement and wants to have better information at their fingertips enabling them to do so more efficiently.
Committed to Total Customer Satisfaction
The industry leader for self-managed parking technology, ParqEx is leading the game from its rivals in the marketplace. ParqEx promises that by using Access+ solution distinct IoT solution, it can augment the capabilities of property unlike any other solutions in the market.
ParqEx is the only company that seamlessly integrates the technology to help both owners and customers. Last but not the least, the ParqEx platform is available on Android, IOS, mobile web and desktop and integrated with several property management platforms to give end users a seamless experience.
Key Milestones
With a focus on global expansion, Vivek expects to add 6 new markets in the US. Moreover, in terms of technology, he seeks enhancements to the company’s reservation system, especially to the SMART IoT technology and the Artificial Intelligence/predictive analysis engine to help owners further optimize their revenue generation from parking rentals using dynamic pricing. To help achieve these goals, he plans to add an executive team member to lead marketing and drive the vision to launch new markets.
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