Vehicle sharing firm Drivezy adds 10,000 bikes to its fleet

Vehicle sharing marketplace Drivezy Thursday said it has added 10,000 bikes on the platform, and plans to launch them across Bengaluru, Hyderabad, Mysore, Mangalore and Manipal.

Founded in 2015, Bengaluru-based Drivezy offers car, motorcycle and scooter sharing services across nine cities in the country.

The company recently announced a USD 20 million Series B funding and a USD 100 million asset financing deal with Anypay, under which it will induct over 50,000 vehicles.

"The induction of new fleet will bolster the company's position as market leader in the growing Indian vehicle sharing segment," Drivezy said in a statement.

Over the last one year, the company has enlisted more than 4,000 two-wheelers in a bid to expand footprint across the nation.

With the addition of the new fleet, the company now plans to launch a one-way two-wheeler rental service that will allow customers to rent a scooter or a motorcycle from a location and drop it at any other company location as per their convenience, it said.

"The beauty of one-way two-wheeler rentals is that scooters and bikes can whisk you across congested urban roads for a few rupees," Drivezy CEO Ashwarya Singh said.

Having partnered with over 2,000 vehicle owners, Drivezy has over 7,000 operational cars, motorcycles and scooters on its platform, which are rented by over 37,000 customers every month, the company said.