CodiPark
CodiPark offers an innovative payment solution for the US parking industry. Every mobile becomes a payment station that consumers and operators benefit. CodiPark is launching March 2015 with one of the largest operators in the US.
116% of funding target
Highlights
Highlights
CodiPark is launching live March 2015 in Chicago with one of the largest operators in the U.S.
Take advantage of the opportunity that we have a product that is ready for marketing, the tests were successful.
Take a part of the Parking innovation
Everyone is looking for a parking space, the market is ready, the product exists, and the development costs for initial deployment are behind us. The way people consume parking services hasn’t changed during the last 3 decades. Nowadays consumers control the way they buy and search services anytime and anywhere from groceries to loans. Currently consumers and operators have limited control when it comes to parking lots, therefore our company decided to change the reality in all aspects of the parking garage services.
Take part of the mobile payment revolution in the parking industry with us.
$30 billion market 40,000 parking facilities
The parking industry in the U.S. is growing year by year. Imagine how big this market is expected to grow when big data and new services are introduced into the parking industry in the near future. After a successful pilot last summer with one of the largest parking operators in the U.S. CodiPark is launching live during Q2/2015 at 3 locations in Chicago, IL.
See what the VC's think about the market
Article: http://techcrunch.com/2015/02/06/vcs-battle-for-a-spot-in-the-parking-market/
Time is money
Parking duration has the biggest influence on the business model of a parking lot. Nowadays parking lot operators give away free parking time (money), this is called “Grace Time”. It’s the estimated time that takes the average consumer to pay at payment station, walk back to the car, and exit the lot. On average, customers are given 15-20 minutes of Grace Time.
CodiPark developed a solution that will be consumer friendly, avoid bottlenecks at payment machines, and maximize revenue for operators. Both consumer and operator benefit from our solution.
So the bottom line is…
We are a company focused on the U.S. market and as much as it's hard to believe, the U.S. is not at the forefront of technology in parking lots. In Israel people use Pango to pay for on-street parking, but in the U.S. most people are still looking for small change for parking meters. Here we got used to camera recognition that detects the license plate and then the gate rises, in the U.S. it's not common at all.
In conclusion:
- Today in the U.S. off-street parking market there is no solution as ours
- We have a client who is one of the largest operators in the U.S.
- Our product is ready to market and most developmant costs are behind us
- Parking owners are not required to change the infrastructure, our solution has low implementation costs
Pitch
Pitch
Keeping it simple while making it better, it’s always easy to say…
CodiPark changes the game rules in the parking industry, every mobile device becomes a mobile payment station. The consumer gets control regarding when and where to pay for the parking ticket and doesn’t need to waste time on standing in line or even look for the nearest payment station.
The CodiPark app allows consumers to pay and go at their convenience - it’s that simple. Users can scan a barcode or approve a transaction sent through their mobile device, easily and securely.
The CodiPark platform is fully integrated with parking providers TODAY and has designed a cross platform for fast deployment in any parking lot in the U.S and worldwide.
Our vision
- To simplify the whole process of parking
- To be the leading parking app for off-street worldwide.
After basing our solution in Chicago we want to expand and expand fast nationwide.
Our payment solution is just the first stage of many that we plan to implement.
How it works
With our ready to go simple solution users can pay already, here is how it goes...
- Scan your parking ticket QR code or enter your ticket number manually
- Review your parking ticket details on your mobile device
- Add your payment method
- Approve your transaction
- Type in your email to receive your notice
- Exit the parking lot
The scenario above is relevant for any parking lot, NO additional hardware is required.
In summer 2015 we will introduce our one click parking solution that will make the process even faster.
Who benefits from our services and WHAT DO THEY GET?
Operators
Dynamic price lists - Supply and demand at any time
Big data analytics – Get to know consumers parking habits & use available data for new revenue
Payment options – Less cash less fraud
Consumers
Search for parking space - Don’t waste time on the roads
Payment options - Not dependent on cash
Parking reservations – Save your space & get great deals
Team
Team
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Board member at FIBI, Weizmann institute, RRSAT, Kardan Technologies, Israel Association of Electronics & Software, Biocatch
David is a pioneer of the vibrant Israel High-Tech & Software Industry , a serial entrepreneur and founder of multiple global high-tech companies.
He has listed several technology companies on NASDAQ and TASE.
Today, David is an active angel investor, mentor and advisory in multiple Israeli startups.
David earned a BA in Economics and Statistics, MBA, from Tel Aviv University
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Noam Served in IDF as combat soldier and medic in an armoured unit and holds a B.SC degree in computer science. Noam is an Experienced Android / IOS / Java Server side developer. Noam has more than 10 years of experience in development.
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Ben served in the IDF as a criminal investigator and graduated a B.A in Business Administration, majoring in finance at IDC Herzeliya. When he was only 18 he established his first successful business in retail, which he operated for a decade in the USA.
Today Ben provides consultation and lobbying services to international and Israeli companies in the parking industry.
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Ohav served in an elite Paratrooper unit in the IDF. Ohav started programming at the age of 11 and over the years gained experience in various subjects including .Net and C-Sharp. Later, Ohav was part of the development team at ZVZ and Gigya. In his spare time he prefers training in the gym and climbing.
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Tomer served in an elite intelligence unit in IDF and holds a B.A degree in Business Administration majoring in accounting from Collage of management Rishon Letzion and worked 3 years at EY Israel. Prior to Codipark, Tomer served as a Savyon Council member in various committees and led The Israeli Scouts Tribe in Savyon
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Tavor served in an elite intelligence unit in the IDF and holds a B.A degree in Government Diplomacy and Strategy from IDC Herzeliya, with a focus on marketing. Tavor is an entrepreneur by nature, previously founded several ventures in technology and environment.
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