Drivezy, a Bengaluru-based vehicle rental company has partnered with Yamaha Motor Co, Japanese bike manufacturer, to launch new electric scooter ‘EC-05’ in India in early November 2019, cited Inc42.
The EC-05 was launched recently in Taiwan and could reportedly be available in India as early as November. It is made with the collaboration of Yamaha and Taiwan’s Gogoro Inc. While, the vehicle is designed entirely by Yamaha, it is built using Gogoro’s production vehicle platform.
“We are setting up a separate electrics subsidiary and will raise about $20 Mn to $25 Mn for it,” Ashwarya Pratap Singh, CEO at Drivezy said.
Drivezy was founded in April 2015 by Ashwarya Pratap Singh, Hemant 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.
Some of the emerging vehicle rental startups in India includes Zoomcar, Revy, SelfDrive, U Drive, Letmedrive, DriveMate, MiCar and many more.