vehicle sharing marketplace, Drivezy, announced that it has added 10,000 bikes
onto the platform. The company will launch the bikes across Bangalore,
Hyderabad, Mysore, Mangalore and Manipal. Founded in 2015, the company offers
car, motorcycle and scooter sharing services across nine cities in India. It
recently announced a US $ 20 million Series B funding and a $ 100M (Rs 716 crore approx.) asset financing deal with
Anypay, under which the company will induct over 50,000 vehicles.
the last one year, Drivezy has enlisted more than 4,000 two-wheelers in a bid
to increase their footprint across the nation. The induction of the new fleet
will bolster the company’s position as the market leader in the growing Indian
vehicle sharing segment. Customers can rent vehicles from Drivezy on hourly,
daily or monthly basis.
the addition of the new fleet, the company plans to launch a one-way
two-wheeler rental service, that will allow customers to rent a scooter or a
motorcycle from a location and drop it any other company location as per their
the conventional round-trip rental services, one-way rentals will absolve the
customer from returning the vehicle at the point of origin. This will provide a
greater degree of convenience and flexibility. This will allow customers to travel
at half the price of cabs and offer economical options for last-mile
connectivity across India.
company is aggressively scaling its bike and scooter rental divisions which
have added 3,000 scooters in Bangalore and Hyderabad this year under a partnership
with Honda Motorcycle and Scooter India Pvt. Ltd. Additionally, Drivezy has
partnered with Oyo and Ola in Hyderabad and is looking at similar partnerships
in the near future to expand the bike and car rental space.
vehicle sharing marketplace is a strategic and efficient alternative to
outright vehicle purchase for consumers. It allows vehicle owners to list their
idle cars, motorcycles and scooters and turn them into profit-generating assets
by renting the vehicles to customers at a fraction of the cost required to
purchase a vehicle. Customers can rent a car or a two-wheeler from Drivezy on
an hourly, daily, weekly and a monthly basis.
has increasingly focused on integrating ‘micro-mobility’ commute options.
Previously, Drivezy had launched a ‘last mile’ commute service for Hyderabad
metro passengers with ‘per minute tariffs’. The rationale behind ‘last mile
connectivity’ using bikes and scooters is to simplify travel for metro
commuters who face difficulties in reaching their final destination from metro
(formerly JustRide) was one among the few startups selected by the prestigious
American startup accelerator, Y Combinator, for the 2016 summer batch. Drivezy
is also backed by the internet search giant, Google. Co-founded in 2015 by
Ashwarya Singh, Abhishek Mahajan, Hemant Sah, Vasant Verma and Amit Sahu,
Drivezy operates India’s largest peer-to-peer vehicle sharing network. Having
partnered with over 2,000 vehicle owners, Drivezy has over 7,000 operational cars,
motorcycles and scooters on its platform, which are rented by over 37,000
customers every month.
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