Self driving car rental company Revv is expanding its one-way outstation self-drive product on new routes which include Delhi-Jaipur, Delhi-Chandigarh, and Hyderabad-Vizag.This feature enables users to pick a car from anywhere in the origin city and leave it anywhere in the destination city.
It had introduced the product in May 2017 on a pilot basis, bringing the concept of self-drive to one-way outstation travel. The company said in a statement that during the 10-week pilot run, the product served more than 1,000 users on both intra-state and interstate routes such as Mumbai-Pune, Bangalore-Chennai, and Bangalore-Hyderabad. The company is targeting business travellers with this product.
Revv said that users have also asked for an option to share the same car with other users travelling on the same route, and the company is evaluating the prospects of enabling this option.
It is worth noting that self-drive car rental company Zoomcar also launched a one-way intercity service called Hop this month. Zoomcar’s Hop service is available across 24 cities including intra-state and eventually inter-state routes as well.
Competition: Besides Zoomcar, Revv competes with startups like JustRide, Eco Rent a Car, Myles amongst others.
Funding: In December last year, Revv raised $9 million in Series A equity funding led by Edelweiss Private Equity and and debt funding from Mahindra & Mahindra Financial Services. Revv said that it will tie up with LeasePlan India for vehicle leasing, and will use the funds for expanding into new cities, launching new products and investing in technology for customer experience.