Hyundai Partners with Self Drive Car Rental Startup Revv
News Highlight: Hyundai partners with Revv for creating innovative car-sharing services in India.
The South Korean automobile multinational manufacturer named Hyundai Motors has partnered with Indian based self-drive car rental startup Revv in a bid to create and provide innovative car-sharing services across India, reads a statement released by the automobile MNC.
This kind of partnership will help both Hyundai Motors and Revv in building the necessary technology in order to be at the forefront in India’s fastest growing mobility market in the future added the statement.
Revv is a Delhi based company that facilitates self-drive car rentals across several smart cities of India including Bangalore, Hyderabad, Chennai, Mumbai, Delhi, Gurgaon, Chandigarh, Jaipur, Mysore, Coimbatore, etc. The company plans to extend its network in more cities to make low-cost based rental cars available to the people.
Former McKinsey duo Anupam Agarwal and Karan Jain laid the foundation of Revv in the July month of 2015. The car rental provider so far has received four rounds of funding amounting to a total of $9 million from five investors.
Earlier, the country’s largest online retail store Flipkart had announced the acquisition of Liv.ai, an AI text to a speech startup company based in Bangalore, Karnataka.
The demand for car-sharing services over the last couple of years has rapidly grown in the country. The car-sharing market is pegged to grow to $1.5 billion at the end of 2018 which in 2016 was around $900 million. Revv is determined to grow as more and more people are patronizing its services. The company’s constant users said that they no more get late as Revv rental cars enable them to reach on time.
Small shop owners and government employees who render their duty in remote areas are the main beneficiaries of the company’s car rentals. We no longer need to wait for a public bus as we Revv cars make sure our pickup and delivery on time.
The company’s online booking service is so true and fast that within 2 minutes of time our chosen cars get delivered at our preferred places, a group of shop owners said to our representative on Tuesday. Taking Revv cars for an affordable rental fee is a great experience, they added while sharing their opinions with us.