Revv, the Delhi-NCR based self-drive car rental company, has already established itself as a hassle-free and convenient platform for customers to rent cars. Now, the company is on an expansion spree and plans to double its fleet of cars from the present 300 to 700 in the festive season.
Revv started its operations in July 2015 in Delhi/NCR with nine cars. Today, the rental car platform has 300 cars and is actively present in four cities, including Bengaluru, Hyderabad and Chandigarh. The fleet comprises 60% SUVs, and the remaining fleet consists of sedans and hatchbacks. Revv has also allowed self-driven car companies to register their fleet on its platform, and currently ~30% of their fleet is comprised of this.
Anupam Agarwal, Co-Founder & CEO of Revv said, “Our concept of 100% doorstep delivery service along with our maniacal focus on customer experience has already given us strong traction and repeat-user base. We will now use this launchpad to scale-up quickly and expand our services in several cities across India. The repeat usage has been a very encouraging trend for us, in addition to the sheer width of use cases for which customers are making bookings. It has also turned our thinking towards new, innovative products which are tailor-made for upcoming and large use cases”
By December 2016, Revv intends to expand its operations to 8-10 cities and expand the fleet size to 1,000 by March 2017. The self-drive car rental company is also keen to focus on intercity travel and clock 7,500 transactions every month by December.
Revv was founded by Anupam Agarwal and Karan Jain, two ex-Associate Partners from McKinsey. It is funded by Ananth Narayanan, the newly hired CEO of Myntra, the CEO of DEN Online, more than 10 Directors and Partners from McKinsey (including the heads of logistics and automotive practices), senior executive from an investment fund, and a German soccer professional.
Revv’s portfolio comprises primarily of SUVs and and ultra-luxury cars. It aspires to be the largest self-drive car rental company in India, with a fleet of 30,000+ cars in 4-5 years.