Vehicle sharing platform Drivezy has launched its services in the national capital with 50 cars; broadens mobility options for residents
The company announced $20 million Series B funding in November 2018 and has consistently launched services in a new city every month. Drivezy is aggressively scaling its presence across India and consolidating its foothold in the growing two-wheeler and car sharing business. The company caters to over 1.5 million users in 11 cities and operates with more than 8,000 vehicles on its platform. In 2018, Drivezy enlisted more than 10,000 scooters, becoming the largest operator in the Indian vehicle sharing space.
“The sharing economy in India is thriving and has picked up the real pace in the past five years, especially within the mobility sector. We are excited to be in Delhi, which happens to be the largest automobile market in India. With more than 3 million cars on-road, Delhi presents the perfect opportunity to scale our car sharing services,” said Co-Founder and CEO,Ashwarya Singh.
Drivezy competes with players like Zoomcar, Revv and Bounce in the vehicle sharing segment.However, it is the only service to offer both cars and two-wheelers under a single platform. But the definitive edge that the company has over its competitors is its expansive vehicle sharing platform which allows people to enlist their idle vehicles and rent them to customers through Drivezy’s mobile app or website.An average car is stationary 96% of the time, a finding that is fairly consistentaround the world, including India. Cars are typically parked at home 80% of the time, parked elsewhere 16% of the time, and on the move just 4% of the time.Since the inception of the marketplace, Drivezy has partnered with more than 4,000 owners.
Source: BW Disrupt