Revv Cars

Last updated

Revv Cars
Type Private
Industry Car rental
FoundedJuly 2015
FounderAnupam Agarwal, Karan Jain
Headquarters
Gurgaon   OOjs UI icon edit-ltr-progressive.svg
Services"Self-drive" car rental
Website www.revv.co.in

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]

Contents

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 and Trustpilot reported reviews of customers calling it risky. [11] [12] Complaints regarding fradulent changes to customers have continued to rise. [13]

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References

  1. ↑ 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.
  2. ↑ "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.
  3. ↑ Haritas, Bhragu. "Revv To Expand Its One-way Outstation Self Drive Product". BW Businessworld. Retrieved 7 August 2020.
  4. ↑ "Car rental company Revv expands to south India". The Hindu. Retrieved 7 August 2020.
  5. ↑ "Revv: Startup that delivers self-drive, car rental services to your doorstep". Tech2. 21 April 2016. Retrieved 19 May 2021.
  6. ↑ "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.
  7. ↑ Das, Mamuni (31 May 2016). "Self-drive start-up Revv to hit the fastlane". @businessline. Retrieved 19 May 2021.
  8. ↑ "Mahindra banks on car rentals to tide over sales slump, inks pact with Revv". The Financial Express. 13 September 2019. Retrieved 7 August 2020.
  9. ↑ Roy, Shobha (9 October 2018). "Car rental start-up Revv to offer subscription-based products". @businessline. Retrieved 14 December 2020.
  10. ↑ 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.
  11. ↑ "Review on carzonrent.com by MouthShut User". www.mouthshut.com. Retrieved 18 May 2021.
  12. ↑ "Revv is rated "Bad" with 1.6 / 5 on Trustpilot". Trustpilot. Retrieved 17 September 2022.
  13. ↑ "Revv Reviews | File a Complaint". www.consumercomplaints.in. Retrieved 1 September 2022.
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