Parkobot, an IoT smart parking startup, has raised ₹2.09 crore in seed funding round led by Inflection Point Ventures (IPV). The round also saw participation from HNIs.
The funds raised will be used to expand its infrastructure, reach additional markets, strengthen the backend and increase its product portfolio.
Founded in 2023 by Amrit Choudhury, Raj Kumar Bihani, and Animesh Mukherjee, Parkobot is a platform powered by an IoT-enabled parking space barrier.
Parkobot has made it possible for its owners to monetize unused private parking spaces on an hourly basis, which in turn provides real-time, location-based booking through a smart, integrated mobile app.
Currently in stealth mode, the startup has already deployed high-traffic parking spots at key locations, laying the groundwork for scale.
With over 20,000 monthly bookings, Parkobot leverages its proprietary Parking Management System (PMS), featuring smart boom barriers and exclusive pre-booking to boost parking revenue and reduce manual intervention.
Mitesh Shah, Co-Founder, IPV, said, “Urban parking is a huge challenge facing today’s cities. Poor planning and lack of proper parking spaces lead to encroachment on roads, illegal parking and congestion. However, Parkobot is driving the change by bringing in technology and smart parking systems that provide real-time availability of parking spaces and making underutilized private parking spaces available to the public.”
Founder of Parkobot, Amrit Choudhury, said, “Parkobot envisions decongesting India’s streets by utilizing underutilized private parking spaces, transforming them into revenue-generating assets via our IoT-enabled Parkobot barrier & app. Our goal is to create cleaner skies, less traffic congestion, and seamless urban mobility for all.”
