India’s car-sharing platform, Drivezy expands platform into Nagpur

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Drivezy, a car-sharing marketplace platform, recently announced they are starting their car-sharing platform in the city of Nagpur. Drivezy is a digital car sharing platform where consumers can sign up their cars, motorcycles, and scooters to be rented by others for short or long-term stints. Nagpur's launch shows Drivezy's expansion across India, including the cities of Kochi, Mysore, and Magalore.

Millennials who comprise the greater share of urban commuters these days are seen extensively booking vehicles for in and out city travels which also includes bookings for shopping, festive seasons and for weekend getaways. The company has also launched dedicated two-wheeler rental services to cover the ‘last-mile’ commute needs for passengers of Hyderabad Metro and plan to expand this service to other cities in the next few months.

Drivezy competes with players like Zoomcar, Revv and Wicked Ride in the vehicle sharing segment. However, it is the only service to offers both cars and two-wheelers on one platform. But the definitive edge that the company has over its competitors is its marketplace model which allows individuals to enlist their idle vehicles and rent them to customers through Drivezy’s mobile app or website. Since the inception of the marketplace, Drivezy has partnered with more than 2,800 owners in 8 cities.

Backed by prestigious Y Combinator and Google, Drivezy has raised a total of US$16 million from leading global investors. Headquartered in Bangalore, Karnataka, Drivezy currently operates in 7 other cities across India including, Mumbai, Pune, Mysore, Mangalore, Hyderabad, Kochi, and Manipal.

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