ParqEx, a startup that lets people rent out individual parking spaces through an app, is expanding to Madison and Milwaukee this spring.

The company is based in Chicago, with over 12,000 active users on its platform each month. And the app has over 2,000 listings for available parking spots in the city.

“I started it because having lived in Chicago for 20 years, I was terribly frustrated with parking,” said Vivek Mehra, founder and CEO of ParqEx.

Mehra, a 42-year-old programmer originally from Mumbai, India, has worked for 20 years in the technology industry, putting in time at Navistar International, Caremark and Northern Trust. He had four startups before ParqEx, with his first foray into entrepreneurship at age 26.

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