Say Goodbye To Meters And Garages With Spot
Spot, the brand new cellular parking app from Boston-based mostly Spot Park, started in 2013 when Braden Golub noticed 10 unused parking spots in his condominium’s storage.
Golub, who’d gotten again from feeding a meter to cowl his fiancée’s parking close to his place in Boston. A former worker at RentalBeast, a Boston actual property startup, Golub knew there needed to be a greater solution to make use of that area.
After performing some analysis, Golub decided that there have been 50,000 personal parking spots in Boston and 30,000 which might be simply accessible. At lots of these spots, individuals like Golub are paying $300 month for area that principally goes unused.
So Spot was born, a strategy to join unused personal parking areas with people who need to lease it out. Consider it as Airbnb.com on your parking area, driveway, and even native enterprise parking zone.
“We did a launch of the beta in June 2014,” Golub says. “Inside 5 months we had 6,000 individuals enroll simply within the our beta program. Since then we’ve elevated that and we’re proper across the 10,000 consumer mark.”
The service is now based mostly solely in Boston, however has plans to increase into seven different east coast markets in 2015,
In contrast to different corporations out there, that go after parking garages, the Spot Park service permits customers who obtain the app to guide stock in personal parking spots.
To satisfy its imaginative and prescient, Spot has raised slightly below $1 million from undisclosed angel buyers from Boston, New York, and the Midwest.
The app requires people who find themselves posting parking stock to confirm their tackle with a bit of mail or a utility invoice. “Individuals haven’t any hassle sending us an image of their mail or utility invoice understanding that they’re going to be earning profits off of one thing they hadn’t made cash off of earlier than.”
Customers who need to discover a place to park merely obtain the app and click on on a “discover my spot” choice. The app offers navigation to the closest personal parking area that’s out there and customers then pay a set price based mostly on whether or not they need to ebook the spot on an hourly, day by day, weekly or month-to-month foundation.