Revv Cars is an Indian self-drive mobility start up funded by Hyundai and others. The company was founded by Anupam Agarwal and Karan Jain in July 2015 and started its operation in Delhi-NCR.[1] Through Revv, customers can rent a car up to a period of 4 years.[2] Apart from renting for specific number of hours or days, the company also let customers rent for one-way journeys.[3] The company operates with a standard hub model - where there is a hub of cars from where the vehicles are dropped to the customers. The company staff is able to come back to the hub with the help of a foldable electric scooter which is stored in the boot of the car.[4][5] The company had stopped it's services during the initial lockdown for few months and resumed later.[6] Apart from acquiring vehicles directly, the company also works on a crowdsourcing model in which individual would buy a car on a 10% down payment and register it with Revv. Revv pays a fee to the individual that is equal to the monthly installment to pay the loan which is usually for 4 years.[7]
| Industry | Car rental |
|---|---|
| Founded | July 2015 |
| Founder(s) | Anupam Agarwal, Karan Jain |
| Services | "Self-drive" car rental |
Partnerships
Revv has partnered with Mahindra and Hyundai to offer their car on subscriptions models that allow the vehicle to be kept for longer duration.[8] In this partnership, Mahindra sold the cars to Revv and not to its usual dealers. Further, Revv offered the cars to its customers on a subscription and covered the maintenance costs.[9]
Philanthropy
Revv offered free cars to healthcare workers during the COVID-19 pandemic in Delhi, Bengaluru, Mumbai, Chennai and Pune.[10]
Criticism
Consumer review portals like Mouthshut reported reviews of customers calling it risky.[11]
References
- ↑ Ghosh, Rajiv. "Revv'in up auto world's new growth engine: why Hyundai and M&M are chasing this car-rental startup". The Economic Times. Retrieved 2020-08-07.
- ↑ "Indian online car rental company, Revv, says it will now let users keep a car for up to 4 years for a monthly subscription fee". Business Insider. Retrieved 2020-08-07.
- ↑ Haritas, Bhragu. "Revv To Expand Its One-way Outstation Self Drive Product". BW Businessworld. Retrieved 2020-08-07.
- ↑ "Car rental company Revv expands to south India". The Hindu. Retrieved 2020-08-07.
- ↑ "Revv: Startup that delivers self-drive, car rental services to your doorstep- Technology News, Firstpost". Tech2. 2016-04-21. Retrieved 2021-05-19.
- ↑ "Revv self-drive rental program restarts with sanitised cars, limited damage liability in select cities". The Financial Express. 2020-05-26. Retrieved 2020-08-07.
- ↑ Das, Mamuni. "Self-drive start-up Revv to hit the fastlane". @businessline. Retrieved 2021-05-19.
- ↑ "Mahindra banks on car rentals to tide over sales slump, inks pact with Revv". The Financial Express. 2019-09-13. Retrieved 2020-08-07.
- ↑ Roy, Shobha. "Car rental start-up Revv to offer subscription-based products". @businessline. Retrieved 2020-12-14.
- ↑ N; Apr 6, ini Sen Gupta / TNN /; 2020. "Covid-19: Revv to offer cars free of cost to healthcare workers in five cities | Chennai News - Times of India". The Times of India. Retrieved 2021-05-19.
{{cite web}}:|last3=has numeric name (help)CS1 maint: numeric names: authors list (link) - ↑ "Review on carzonrent.com by MouthShut User". www.mouthshut.com. Retrieved 2021-05-18.