Silvan Rath pitches ParkTAG
Ecosummit TV: Parking is big: every drive starts and ends in a parking space. Moreover, cars are parked 95% of the day and 30% of urban traffic is caused by drivers looking for parking. Having developed a mobile solution to the parking problem, Silvan Rath pitches ParkTAG at ECO14 Berlin. ParkTAG operates a social parking community that enables car drivers to find available parking places with their smartphones. The ParkTAG app uses the built-in sensors of the device to track user movement and learns automatically when the user is parking a car or vacating a parking space and driving away. The Berlin-based early stage startup was founded in 2014 and is backed by High-Tech Gründerfonds, Germany’s leading seed investor. ParkTAG’s capital efficient business model is to license its smart parking technology to partners that market it to their customers.
The ECO14 Berlin presentation slides of Silvan are available as PDF.