Periodic Reporting for period 1 - ParkBee (Private garages’ access system, through a real-time and keyless solution, for cheaper and faster prime inner-city parking.)
Reporting period: 2015-07-01 to 2015-10-31
In parallel with the Feasibility Study, ParkBee has launched a market test in the Netherlands together with the parking app provider and the real-estate management companies. The market test has attracted huge interests of garage owners, drivers and municipalities. ParkBee started the market test with 7 garages (500 parking spots), after one month ParkBee expanded their parking database to 15 garages with 1.168 parking spots in the Netherlands, the majority of them are available for 24 hours/7 days a week. The lessons learnt in the ongoing market test will be used as a base for the further product development.
The Feasibility Study showed, that ParkBee will have a rapid market penetration and within first year will reach the BEP. This is due to the very asset light business model and well established partnership with the biggest parking app provider. In addition, the ParkBee will open new economic benefits not only to the garage owners and the drivers, but also to the parking decision makers – municipalities, by better organizing the existing parking.