Drivezy partners with Honda to offer 3,000 scooters across Bangalore and Hyderabad

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Bengaluru-based self-drive bike and car rental startup Drivezy has partnered with Honda Motorcycle and Scooter India (HMSI), to offer 3,000 scooters on Drivezy’s platform across Bangalore and Hyderabad.

The partnership will boost the startup’s plans to grow in the innovative shared mobility space, providing more options to its users.

Talking about the partnership, Ashwarya Singh, CEO and Co-Founder, Drivezy said, “The sharing economy in recent years has attracted significant attention due to its potential to generate new markets and employment by making use of idle assets. The future of world belongs to shared, connected and zero waste mobility and we look forward to working closely with Honda Motorcycle and Scooter India Pvt. Ltd. towards this mission.”

Drivezy was founded by Vasant VermaAbhishek MahajanAmit Sahu, and Ashwarya Singh in 2015, was formerly known as JustRide. The startup operates on a P2P model, allowing vehicle owners to lease their vehicles, which are in turn rented out to the users on its platform.

It is currently operational in seven cities across India including Bangalore, Hyderabad, Mumbai, Pune, Mangalore, Mysore, Manipal.

The startup claims to have more than 7,500 vehicles on its platform including cars, bikes and scooters. The recent partnership is in sync with its plans to enlist more than 10,000 vehicles on its platform by the end of 2018.

Drivezy has raised a total of $16 million from marquee global investors including Japanese investment fund Das Capital, Redcliffe Capital, Kima Ventures, CrowdWorks, and Susa Ventures.

Earlier this year in February, Drivezy raised $5 million in funding through Initial Coin Offering (ICO).

This car and bike rental startup is among the few startups supported by the prominent US-based seed accelerator Y Combinator.

Other players competing with Drivezy in the self-drive rental space include Zoomcar, MyChoize, Bounce, WheelStreet, Vogo, among many others.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Mi Air Purifier 2C which can clear the room in just 10 minutes launched in India at Rs. 6,499

Xiaomi is taking its initiative not only in terms of affordable smartphones but also in terms of home appliances...

Jennifer Winget on playing ‘Maya’: It was difficult when I started it, but now I’m enjoying it

Actress Jennifer Winget is one of the most popular faces in the television industry with a long career. In a recent interview with Telly Chakkar,...

Kidman, Skarsgard to reunite for ‘The Northman’

Los Angeles, Oct 17 (IANS) Director Robert Eggers next film "The Northman" has cast two leads Nicole Kidman and Alexander Skarsgard.The movie is described...

SaaS startup Freshworks eyes to raise fresh funding round ahead of IPO

Ahead of its plans for a public listing, Freshworks, a SaaS-based unicorn, is reportedly, aiming to raise a fresh round of funding, cited Inc42. According...

Ayodhya case : Final decision before November 17, Supreme Court begins discussion with mediation panel

Hearing the Ayodhya land dispute case for the 40th day, Supreme Court bench headed by Chief Justice of India Ranjan Gogoi reserved its decision...
- Advertisement -

More Articles Like This