We're stuck in city traffic like you. We're concerned about the shortage of parking spaces and longer commutes. Parking is a chronic problem that ripples across entire communities, and it's getting worse. So we started a technology company around a simple premise: that parking solutions should cost little, be scalable, and benefit the whole community.
Introducing TDSM, Transportation Demand & Supply Management. Our platform enhances TDM in a very important way. Cars impact every mode of transportation. Since a car is parked for 95% of its life, better parking means better potential to improve the environment and public health, and build stronger communities and a more livable city.
We're tired of parking app gimmicks that aren't able to make a difference. We understand that real progress takes time, especially in an industry that is slow to embrace today's tech. Our flexible, scalable network is reducing pain points common to access and revenue control. Facilities can boost space throughput 50% and utilization up to 100% -- boosting revenue while saving on costs.
Enabling rapid, frictionless inventory turns in busy urban centers equates to real progress. Imagine a third less traffic and vehicle emissions, and a 12% boost in retail sales. We think all this matters a lot, and we're proving it more than any other company in our $30+ billion space.