LocoMobi Inc

LocoMobi, Inc. is reinventing parking and transportation technology in the era of cloud, mobile, low-cost hardware and Internet of Things. LocoMobi was the very first to offer a cloud-based license plate recognition (LPR) system with a complete revenue engine that also provided a management system for virtual permitting systems, violation and citation management. The company also designed and implemented the first LPR-based system incorporating payment stations and barrier gates, which was integrated into a single cloud-based system. A garage using a LocoMobi LPR system knows every vehicle that enters and exits and links all payments to the vehicle’s license plate. For parking owners and operators, this is of immense value as they have full knowledge of and receive payment from every single parker. The revenue gains after deploying a LocoMobi system can significantly increase the value of the parking asset. The company also designs and implements a complete suite of traditional parking systems including the conventional machine readable ticket systems and can combine them with license plate recognition as one single solution for places like airports.