This new year, I’ve had the wonderful opportunity of embarking on a new journey working for a technology start-up Parkable. Two weeks ago, Parkable, an established sharing economy business successful in New Zealand, merged with Park Genie, a Brisbane parking company.
Park Genie has been providing alternative solutions for long-term parking in Brisbane since 2017, offering customers cheaper and easier monthly options than its competition in the CBD and surrounds.
As Park Genie‘s website states: “Park Genie is the solution to overpriced, stressful parking in Brisbane and grants magical parking wishes every day.”
Utilising the now well-known sharing economy, Parkable allows companies and individuals to rent out their empty parking bays and provides staff parking management solutions for enterprises and small businesses.
Think of it as AirBnB for Parking.
Parkable‘s Queensland General Manager Mike Davis explains the merger in The Courier Mail’s February 2019 edition: “Parkable already has an app and other tech solutions,” Mr Davis said. “They were looking to expand internationally and we have knowledge of the local market and can give them accelerated entry into Australia.”
Deloitte Fast 50 winner Parkable lets users find and pay for residential and commercial car park spaces on their smartphone, making parking easier and cheaper, and providing a return to the owners of car parks.
The Auckland-based company is also developing technology to allow businesses to more efficiently utilise staff carpark spaces.
The acquisition of Park Genie means that Parkable now offers more than 1,200 parking locations to its approximately 50,000 users in Auckland, Christchurch, Hamilton, Tauranga, Wellington and Brisbane.
Park Genie customers will migrate to the Parkable platform over the coming months and the company intends to expand around Australia.
Parkable CEO Toby Littin says the introduction of Parkable to Brisbane and Queensland further develops Australia’s sharing economy and offers new tech solutions for city and business parking.