Hotline: 1800 102 2007
Hotline: 1800 102 2007
Aug, 07 2019

Bengaluru-based vehicle-sharing platform Drivezy targeting 10 US cities for expansion

Earlier in 2019, Drivezy started a pilot in San Francisco and currently has a fleet of 100 cars in the city. 

Bengaluru-based vehicle-sharing platform Drivezy targeting 10 US cities for expansion

Drivezy, the vehicle sharing marketplace, is aiming to expand its services in about 10 cities in the US, including Los Angeles, Chicago and Seattle, over the next 12 months. The Bengaluru-based company counts names such as Das Capital, Yamaha Motor Co Ltd and Axan Partners among its investors.

Earlier in 2019, Drivezy started a pilot in San Francisco and currently has a fleet of 100 cars in the city. 

Ashwarya Singh, Chief Executive Officer and Co-Founder, Drivezy, said, “The vehicles in the US have been listed through the peer-to-peer channel. We received a strong response and we are now expanding our services to 10 cities in the US with a fleet of 1,000 cars by next year.”

“The cities being considered include San Diego, Dallas, Las Vegas, Houston and others. We are also looking at South America. For that market, we are looking at collaborating with a local partner and we are hopeful of that happening in the next one or two months,” he further stated. 

The international markets like the US, Latin America and Southeast Asia is expected to account for about 20% of the company's revenues over the next two years. 

Drivezy was founded by Ashwarya Singh, Abhishek Mahajan, Hemant Sah, Vasant Verma and Amit Sahu in 2015. It operates a peer-to-peer vehicle sharing network with more than 2,000 owners as its partners.

The company had over 2,700 cars and close to 17,000 bikes listed on its platform at the end of June 2019.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Established in 1906, serving prescriptions for over 100 years. Promoted..
    Locations looking for expansion West bengal
    Establishment year 1950
    Franchising Launch Date 2021
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kolkata West bengal
  • Ice Creams & Yogurt Parlors
    About Us: Michael’s Icecream Burger is the first of its kind,..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
  • E-Commerce & Related
    Pepperfry is India’s largest online marketplace for Furniture and Home..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Women's Clothing
    Jaya Shree Textiles, a part of Aditya Birla Group is..
    Locations looking for expansion Haryana
    Establishment year 1950
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities