Paking tapping Southeast Asia market for smart parking solution

Chloe Liao, Taipei; Adam Hwang, DIGITIMES Asia 0

Paking Technology has developed a smart parking solution that has been adopted by parking lots in three cities in Taiwan and in Hong Kong, and is poised to tap markets in Southeast Asia, with Thailand being the first one, according to company founder and CEO David Lin.

The smart parking solution has been adopted in Hong Kong by Mira Place shopping mall, an office building and a 5-star hotel, Lin said, adding it is in trial use at Singapore's Changi Airport.

Paking is also eyeing Bangkok, which ranks fifth among cities around the world in terms of difficulty in parking, said Lin. Paking has undertaken market surveys for nearly two years there in preparation for proving the smart parking solution, Lin indicated.

The company's namesake app, Paking, integrates IoT technology and cloud-based data management to enable users to reserve indoor parking spaces in advance, and when they arrive will guide them to the reserved spaces via voice- and vision-based navigation, Lin said, adding the app allows drivers to make mobile payment when they leave, Lin said.

Drivers spend 7.1 minutes on average to look for outdoor or indoor parking spaces near their working places in cities in Taiwan, and the average time is 9.5 minutes in Greater Taipei, Lin cited government statistics as indicating.