Innoventory Solutions

In their own words

The entity ‘Innoventory Solutions’ aims to solving the present age problems of vehicular parking by building an intelligent connected car environment. With increasing number of vehicles on road and lack of proper parking spaces amid poor parking infrastructure, many people have been wanting for a solution for hassle-free parking. Researches have reported that a driver spends an average of 17 hours a year for searching for parking spots and predicted that about 68% of the people around the world shall live in major metropolitan cities by 2050 , which has a direct impact of car parking arrangement in cities. The Startup aims primarily to help resolving the growing problems of parking by offering innovative smart parking technology combined with IoT (Internet of Things) connectivity to help improve parking in residential areas and societies with sensors that will also predict flattening of tires using artificial intelligence and machine learning. By using IoT based method, the Startup shall be making helpful improvements in daily life of a user by enabling full control through a mobile application which does not require any human intervention than the user itself. Additionally, along with the IoT based smart parking technology, the device shall even predict tyre conditions and provide real-time informative recommendation i.e., best route as per condition of tyre. This innovative smart parking system can be referred by a driver for providing the best customer experience. The startup also aims to provide an innovative ecosystem for startups and groups by providing them innovative solutions and strategy thereby making the technical services in the innovation domain easier, affordable and achievable. The startup is building a process by which more innovators and entrepreneurs can develop and launch solutions to solve real world problems faster.

Written by the company on its public Startup India profile. Not verified by us.