Hubraum, the incubator of Deutsche Telekom, invested into eParkomat. eParkomat has implemented a successful pilot project in Prague and rolled out a connected car solution with T-Mobile Czech Republic. A Pilot Project with Škoda in Prague and Mlada Boleslav covered more than 25.000 on-street parking spots.
Thanks to the eParkomat application, users can locate and navigate to a free parking spot only by using their smartphones. The ingenuity of the software-only solution has tempted hubraum, the Deutsche Telekom incubator, to invest in the Czech startup.
The eParkomat algorithm predicts the availability of the on-street parking spots in real time by monitoring the number of mobile devices in a particular mobile network. Already in first tests in 2015 eParkomat showed a 93.3% efficiency in Prague – with 250 drivers seeking parking spaces in a radius of 250 meters. eParkomat now boasts up its efficiency to 96%.
“There are already tons – or better to say, petabytes – of data around us that can be used in real time instead of just collecting it and sporadically analyzing it”, says Pavel Vrba, CEO of eParkomat. “And this was the original reason why we tried to find a non-hardware solution for the parking problem. We knew it happened to everyone – missing business or private meetings as a convenient parking spot was not available in the city centre.”
A video should be visible at this point. Due to your cookie settings this cannot be displayed. Please activate cookies for Preferences, Marketing & Statistics to view the video.
Revoke current setting
Looking for a parking spot anywhere in the city with eParkomat is very simple. First of all, you pick a parking spot on-street or off-street on the map. You receive a feedback with a estimation rating for finding a free spot (high, good, medium, poor). If you made a decision where do you want to leave your car, just drop the route to your favourite car navigation provider and go.
Very soon you will be able to pay for parking spot via eParkomat, too.Hubraum has worked with the eParkomat team since 2014 during the Telekom innovation contest Uqubate, an internal Telekom innovation contest and during X-Industry program ChallengeUp! held by Deutsche Telekom, Intel and Cisco. Three years of productive collaboration, has resulted in the decision to invest into the development of this young company.
“eParkomat is an innovative solution which can dramatically improve people’s lives in big cities by indicating with high accuracy where you can find an on-street parking spot in a specific area. This solution is also valuable for any smart-city projects, giving city councils the opportunity to better understand the dynamics of traffic and parking. The possibilities of the application are almost unlimited; therefore, we decided to support the team”, said Jakub Probola, responsible for Central Eastern Europe and Managing Director Telekom hubraum Fund GmbH.
Want to hear about spots on our limited-place programs before anyone else? Subscribe to our newsletter!