IParkU plans to launch a parking lot sharing service in Moscow by the end of the year. In May the project will be launched in St. Petersburg.
The service works as follows: the user leaves a request in the app to get a parking place in a certain location, another user replies to the request and informs when he is ready to free up a parking space. A one-time parking search will cost 200 rubles, of which 150 rubles will go to the account of the driver who frees up a parking space.
According to iParkU CEO and shareholder Richard Stevens, by 2027 the market for smart on-street parking in the world will reach $3.7 billion.