New app takes the stress out of finding a car spot

AutoExec Summary
Parkhound has launched a new app that allows drivers to rent out people’s garages and driveways as parking spaces, similar to AirBnB for car spaces. The CEO, Mike Rosenbaum, stated that the rapid population growth in major cities has caused a shortage of parking spaces, leading to crowded train platforms and wasted time searching for parking. The app has allowed individuals like Allan Manuel to turn unused garage space into extra income, with some making up to $300 a month. The app uses augmented reality to measure the size of a car space and determine rent, and is also being utilized by smaller businesses to lower overhead costs.

Brands mentioned: Tesla, Mercedes