| Company type | Private |
|---|---|
| Industry | Car rental |
| Founded | July 2015 |
| Founder | Anupam Agarwal, Karan Jain |
| Headquarters | Gurgaon  |
| 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. Through Revv, customers can rent a car up to a period of 4 years. Apart from renting for specific number of hours or days, the company also let customers rent for one-way journeys. 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. The company had stopped its services during the initial lockdown for few months and resumed later. 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.
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. 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.
Philanthropy
Revv offered free cars to healthcare workers during the COVID-19 pandemic in Delhi, Bengaluru, Mumbai, Chennai and Pune.
Criticism
Consumer review portals like Mouthshut and Trustpilot reported reviews of customers calling it risky. Complaints regarding fraudulent changes to customers have continued to rise.
References
- 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.
