Global InformationRevv Cars information
| Company type | Private |
|---|---|
| Industry | Car rental |
| Founded | July 2015 |
| Founder | Anupam Agarwal, Karan Jain |
| Headquarters | Gurgaon  |
| Services | "Self-drive" car rental |
| Website | www |
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 its 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]
- ^ 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 7 August 2020.
- ^ "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 7 August 2020.
- ^ Haritas, Bhragu. "Revv To Expand Its One-way Outstation Self Drive Product". BW Businessworld. Retrieved 7 August 2020.
- ^ "Car rental company Revv expands to south India". The Hindu. Retrieved 7 August 2020.
- ^ "Revv: Startup that delivers self-drive, car rental services to your doorstep". Tech2. 21 April 2016. Retrieved 19 May 2021.
- ^ "Revv self-drive rental program restarts with sanitised cars, limited damage liability in select cities". The Financial Express. 26 May 2020. Retrieved 7 August 2020.
- ^ Das, Mamuni (31 May 2016). "Self-drive start-up Revv to hit the fastlane". @businessline. Retrieved 19 May 2021.