The Indian Wire » Startups » Bengaluru-based Drivezy eyes to expand services in United States in coming 12 months

Bengaluru-based Drivezy eyes to expand services in United States in coming 12 months

Drivezy, a vehicle sharing marketplace, based out of Bengaluru, is eyeing to stretch its services in about 10 cities in the United States, including Los Angeles, Chicago, and Seattle, over the next 12 months.

The company started pilot in San Francisco earlier in 2019, and presently, it has a fleet of 100 cars in the city.

“The vehicles in the US have been listed through the peer-to-peer channel. We received a strong response and we are now expanding our services to 10 cities in the US with a fleet of 1,000 cars by next year,” Ashwarya Singh, chief executive officer and co-founder of Drivezy, said.

He added that the cities being considered include San Diego, Dallas, Las Vegas, Houston, and others.

Drivezy was founded in April 2015 by Ashwarya Pratap SinghHemant Sah, Amit Sahu. The company went by the name Justride and served as an aggregator in the carsharing space. However, the company underwent a rebranding and shifted focus to the marketplace model.

The platform also offers rentals for cars and two-wheelers to customers, while car owners can list their vehicles on Drivezy’s platform for customers to select for rentals.

“We are also looking at South America. For that market, we are looking at collaborating with a local partner and we are hopeful of that happening in the next one or two months,” Singh further said.

He further added that over the next two years, international markets, such as the US, Latin America, and Southeast Asia, are expected to account for about 20 percent of the company’s revenues, with India continuing to account for a lion’s share of the business.

The company claims to have over 2,700 cars and close to 17,000 bikes listed on its platform.

Some of the emerging vehicle rental startups in India includes ZoomcarRevySelfDriveU DriveLetmedriveDriveMate, MiCar and many more.

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