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Smart Parking Solution For Urban Living

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  • The future is urban, and the buzz is all about smart cities – urban havens that combine sustainability and elevated quality of life.
  • Easy parking via the Space Guidance app. Data fuels smart choices, efficient sensors, and mission-driven urban evolution. 

The global urban population is projected to surge to 68 per cent by 2050, adding a staggering 2.5 billion city residents to the existing numbers. This trend has ignited a growing interest in developing smart cities to accommodate this surge while enhancing sustainability and the overall quality of life. Eleven-X is at the forefront of this urban revolution, a company making strides in urban living improvement through its smart parking solution, eXactpark.

This solution leverages specially designed wireless sensors to gather real-time data on parking space occupancy, whether in indoor structures or outdoor lots, effectively tracking when parking spaces are occupied or vacated. This data is then harnessed in various ways to enhance the urban experience. Motorists can utilise the space guidance app, which utilises this data to help them locate available parking spaces swiftly and conveniently.

Beyond helping drivers find parking spaces more efficiently, the data collected by sensors can be seamlessly integrated into back-office parking management applications. This integration empowers parking authorities and businesses to make more informed decisions, including dynamic pricing strategies and optimising infrastructure planning. The platform delivers customised dashboards that monitor vital metrics such as parking turnover, zone counts, demand fluctuations over time, bottleneck areas, average parking duration, and other critical indicators.

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Sensors with their wireless design, cost-effectiveness, and durability, with a lifespan exceeding 10 years. They require minimal maintenance, contributing to their low total cost of ownership compared to alternative solutions. This makes it an option for city planners and businesses seeking to implement smart parking solutions. The company completed a pre-seed financing round, allowing it to continue its mission of improving urban living. Efficiency is the crux of transforming cities into sustainable and livable spaces, effectively reducing their carbon footprint while enhancing the quality of life for their inhabitants. Smart urban planning is witnessing significant developments, including utilising the Internet of Things (IoT) to optimise traffic flow and other innovative solutions.

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