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]
| Company type | Private |
|---|---|
| Industry | Car rental |
| Founded | July 2015 |
| Founder | Anupam Agarwal, Karan Jain |
| Headquarters | |
| Services | "Self-drive" car rental |
| Website | www |
Partnerships
editRevv 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
editRevv offered free cars to healthcare workers during the COVID-19 pandemic in Delhi, Bengaluru, Mumbai, Chennai and Pune.[10]
Criticism
editConsumer review portals like Mouthshut and Trustpilot reported reviews of customers calling it risky.[11][12] Complaints regarding fraudulent changes to customers have continued to rise.[13]
References
edit- ^ 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.
- ^ "Mahindra banks on car rentals to tide over sales slump, inks pact with Revv". The Financial Express. 13 September 2019. Retrieved 7 August 2020.
- ^ Roy, Shobha (9 October 2018). "Car rental start-up Revv to offer subscription-based products". @businessline. Retrieved 14 December 2020.
- ^ Gupta, Nandini Sen (6 April 2020). "Covid-19: Revv to offer cars free of cost to healthcare workers in five cities". The Times of India. Retrieved 19 September 2022.
- ^ "Review on carzonrent.com by MouthShut User". www.mouthshut.com. Retrieved 18 May 2021.
- ^ "Revv is rated "Bad" with 1.6 / 5 on Trustpilot". Trustpilot. Retrieved 17 September 2022.
- ^ "Revv Reviews | File a Complaint". www.consumercomplaints.in. Retrieved 1 September 2022.