Parkobot, a startup offering an ‘Airbnb for parking’ using Internet of Things (IoT) smart barriers, has secured INR 20.9 million in seed funding led by Inflection Point Ventures and participation from high-net-worth individuals (HNIs).

The start-up aims to use the funds towards expanding infrastructure, new markets, strengthen backend and increase product portfolio.

Parkobot enables owners to monetise private parking spaces hourly. A mobile app provides real-time, location-based booking. The platform features an in-house tech stack, scalable IoT devices and automation.

Mitesh Shah, Co-Founder, Inflection Point Ventures, said, “Urban parking is a huge challenge facing today’s cities. Poor planning and lack of proper parking spaces lead to encroachment on roads, illegal parking and congestion. However, Parkobot is driving the change by bringing in technology and smart parking systems that provide real-time availability of parking spaces and making underutilised private parking spaces available to the public.” 

At present, Parkobot operates in a market with a global total addressable market (TAM) of USD 114 billion and an Indian TAM of USD 9.5 billion, growing at 6.5 percent CAGR. In stealth mode, the startup has deployed spots at key locations.

Amrit Choudhury, Founder, Parkobot, said, “Parkobot envisions decongesting India’s streets by utilising underutilised private parking spaces, transforming them into revenue-generating assets via our IoT-enabled Parkobot barrier and app. Our goal is to create cleaner skies, less traffic congestion and seamless urban mobility for all.” 

The start-up claims to have over 20,000 monthly bookings and uses a proprietary Parking Management System (PMS), smart boom barriers and pre-booking to boost parking revenue and reduce manual intervention.

Comments (0)

ADD COMMENT

Link Copied!

The Digital Twin Lab, established by the Automotive Research Association of India (ARAI) with Micelio and IIT Guwahati Tech Park, has now become completely operational.

The lab, supported by the Ministry of Heavy Industries (MHI), enables simulation-led development for electric vehicles (EVs) to help startups, MSMEs and car manufacturers accelerate design, validation and deployment. Its capabilities will be showcased at Micelio’s Global Clean Mobility Summit 2025.

The facility uses a ‘Hub-and-Spoke' model, with the hub at ARAI in Pune and two spokes: one at Micelio Discovery Studio in Bengaluru and the other at the Indian Institute of Technology (IIT) Guwahati. It became fully operational in June 2025.

Dr Reji Mathai, Director, ARAI, said, “ARAI is proud to announce the strategic expansion of its Digital Twinning services across India, extending from the western region to the eastern and southern parts of the country. As India advances towards a future of intelligent and sustainable mobility, ARAI remains committed to empowering OEMs, startups, and automotive innovators with cutting-edge mobility solutions. We are grateful to the Ministry of Industries for their continued support in driving technology-led green mobility initiatives. We also deeply value our collaboration with Micelio, our trusted partner in this endeavour and look forward to a successful journey in broadening ARAI’s national footprint.”

The lab offers digital twin modelling for EV components, including battery packs, motors and drivetrains. It provides virtual validation environments that can simulate conditions such as wear-and-tear and energy consumption. This is supported by Hardware-in-Loop testing systems and AI/ML-based simulation tools.

Shreyas Shibulal, Founder & Director, Micelio Mobility, said, "This lab represents a fundamental shift in how India approaches EV innovation. By providing access to advanced digital twin infrastructure, we are reducing time-to-market and development costs, while also enabling a new generation of Indian EV innovators to compete globally while developing solutions specifically tailored to Indian conditions and requirements."

The facility allows startups and MSMEs to validate their concepts and refine designs without large capital investments.

Comments (0)

ADD COMMENT

Link Copied!

Tier 1 supplier Sona BLW Precision Forgings (Sona Comstar) has signed a memorandum of understanding (MoU) with NEURA Robotics, Germany to jointly develop technologies, components and sub-assemblies.

The partnership will also focus on the industrialisation of robots and humanoids for the Indian and other agreed markets. The tie-up comes as intelligent automation sees growth in industrial and humanoid robots, driven by developments in artificial intelligence (AI) and falling computing costs. Sona Comstar, which focuses on electric powertrains, will work with NEURA Robotics to provide automation solutions across industries and create products manufactured in India.

Vivek Vikram Singh, MD & Group CEO, Sona Comstar, said, “We are excited to partner with NEURA Robotics to drive the next wave of innovation in industrial and humanoid robotics. This collaboration aligns with our vision to expand beyond the automotive domain, into a broader mobility space, supporting the future of intelligent manufacturing and service industries. By combining Sona Comstar’s engineering and manufacturing expertise with NEURA’s pioneering cognitive robotics technologies, we are well-positioned to deliver world-class solutions for the global market.”

David Reger, CEO and Founder, NEURA Robotics, said, "At NEURA Robotics, we believe true progress in robotics comes from strong partnerships that unite technology, engineering, and purpose. The collaboration with Sona Comstar represents the convergence of two innovation leaders: one redefining mobility, the other reimagining intelligent robotics. Together, we will set new standards for innovation and scalability in one of the world’s most dynamic markets.”

Comments (0)

ADD COMMENT

Link Copied!

AJAX Engineering, a leading manufacturer in the construction equipment sector, has begun trialling a new method of connecting digital sales leads with its dealer network using personalised video messages. The project uses the IMPACT platform from AiVANTA to automate the process.

The initiative addresses the challenge dealers face in converting online inquiries, which often lack context. AJAX now sends each incoming lead a short, automated video containing the customer's name, the product they are interested in and contact details for the closest dealer, including a Google Maps link. The videos are available in regional languages and offer quick actions such as calling the dealer, booking a demonstration, or requesting details.

Delivered immediately via WhatsApp and email, the videos allow dealers to respond to customers with context. Early results indicate the communication can improve conversion rates from leads and increase visits to dealerships.

Karan Ahuja, Co-founder and CEO, AiVANTA, said, "Our collaboration with AJAX Engineering demonstrates how personalized, tailored video communication can transform dealer ecosystems. By bringing personalisation and regional accessibility into the lead journey, we are helping OEMs and dealers work in closer alignment to serve customers better."

The move by AJAX reflects a growing trend in dealer-led industries to use digital engagement tools to support physical interactions. By linking online inquiries and dealership visits, AJAX intends to improve customer experience and help dealers achieve sales outcomes.

Comments (0)

ADD COMMENT

Link Copied!

Ansys, now part of Synopsys, has formed a strategic partnership with the US-based non-profit Maker Bhavan Foundation (MBF) to enhance STEM education for students at Tier-2 engineering colleges in India.

The collaboration will grant students in MBF’s Tinkerers’ Labs – the supported makerspaces – access to cutting-edge simulation tools from Synopsys’ Simulation and Analysis portfolio, alongside the Ansys Learning Hub. This initiative is specifically designed to provide students in these institutions with resources that match those available at top-tier engineering colleges.

Under the new Synopsys-MBF Simulation Education Program, students and faculty at up to six selected institutions will initially receive academic teaching licences for Ansys' multiphysics simulation solutions.

Damayanti Bhattacharya, CEO, Maker Bhavan Foundation, said, “This collaboration levels the playing field for students who might otherwise be overlooked. Each lab equipped with world-class tools is a promise to these young engineers that innovation has no boundaries of geography or privilege.”

Beyond providing software, Ansys will offer technical mentorship, coordinate hackathons and workshops and support training for both faculty and students. MBF will manage the implementation, acting as the liaison between the institutions and Synopsys to ensure effective tool usage and track learning outcomes.

Mike Yeager, Area Vice-President, India and Japan, at Ansys, part of Synopsys, said, “We are proud to partner with MBF in building a strong talent pipeline for the future. By bringing global technology to local classrooms, we are empowering students in India to innovate and solve real-world problems.”

This initial one-year partnership is viewed as the start of a long-term plan, with both Synopsys and MBF intending to extend the engagement to more institutions if successful, thereby increasing the impact on India’s innovation ecosystem.

Comments (0)

ADD COMMENT

Link Copied!