Company type | Private |
---|---|
Industry | Car rental |
Founded | July 2015 |
Founder | Anupam Agarwal, Karan Jain |
Headquarters | |
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]
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]
Revv offered free cars to healthcare workers during the COVID-19 pandemic in Delhi, Bengaluru, Mumbai, Chennai and Pune. [10]
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]