connecting drivers to available parking spaces




We’re pleased to have the chance to share with you this opportunity of solving the parking woes in our society.

At ParkIt, we aim to solve the problem at scale. We make a difference by helping parking owners monetise their under-utilised parking space by making it accessible to drivers who need them. Economically, this removes deadweight loses as no capital is spent on building additional parking spaces to accomodate parking demand. Cost of a parking space falls as each parking space is now occupied longer and parks more number of cars.

In simple terms, parking owners make money by providing a driver an affordable, reliable parking space, saving them time and money. In the process, there are less cars parking illegally, less time spent on the road looking for a parking and as a result, less traffic congestion.

Our mission is making parking reliable and accessible at your fingertips for everyone, everywhere.  

Our vision is smarter affordable parking with greater access.

  • No shares will be allotted or issued based on this document after six months from the closing of the offer period.

  • This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007.

  • This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.

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