Location: Chicago, Illinois, United States United States
Founded in: 2014
Stage: Revenue generating
Number of employees: 1-5
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Chicago, Illinois, United States United States
  • About
Company description
ParqEx – The Private Parking Marketplace – connects people with underutilized parking spots to people looking for parking in busy neighborhoods. Using ParqEx, parking owners are able to rent their parking spot(s) on an hourly, daily, weekly or monthly basis and earn some extra cash. If you have a parking spot anywhere, you can list it on ParqEx in minutes. Listings come in from all over the country as people are starting to realize that they can easily and quickly make money off an underutilized asset. With many private parking spots being located behind garage doors or gates. ParqEx has also developed an innovative IoT solution called Access+. The Access+ system allows renters and approved users to open any garage door or gate with a click of a button on their smart phones. Implementing Access+ increases rental opportunities, improves transparency into garage usage, and provides great convenience for both owners and renters. ParqEx’s mission is to solve the urban parking problem, but does not see commercial parking garages as the solution. We believe that people of every urban community can help solve the parking crunch by sharing what they already have. The problem isn’t in the lack of parking spots in the city; the problem is that many parking spots that are not being used are private. The ParqEx platform is allowing for private condo buildings, businesses, religious organizations, individuals, anyone with a parking spot to list it on their platform. By doing so, they are making money off an underutilized asset and at the same time making more parking available in their community.