Bangalore-based vehicle sharing platform, Drivezy has announced a strategic business partnership with OYO Hotels & Homes. With the alliance, the company looks to leverage OYO’s expansive network of over 10,000 leased and franchised buildings with footprints in over 300 cities across the country and create on-site hubs to station its bikes and cars.
The hubs will offer OYO’s guests with convenient access to Drivezy’s wide range of vehicles. The company has already stationed 1,200 bikes at OYO hotels in the cities of Bangalore and Hyderabad and looks to increase the tally to 1 lakh bikes and cars over the next three years.
OYO is South Asia’s largest hotel chain and commands a massive customer base. Establishing on-site hubs will allow Drivezy to further increase our penetration in the growing tourism sector.
Launched in April 2015 by Ashwarya Pratap Singh, Hemant Kumar Sah, Vasant Verma, Abhishek Mahajan, and Amit Sahu, the company went by the name Justride and served as an aggregator in the carsharing space. In July 2017, the company underwent a rebranding and shifted focus to the marketplace model. Drivezy started featuring motorcycles and scooters on its platform in the same month.
As of now, it claims to have 4000 cars and 14000 bikes listed on its platform. The company aims to expand to 21 cities including Chennai, Kolkata, Jaipur, Indore, Nasik, and Chandigarh over the next few months.
What seems to be a Win-Win situation for both the parties, the Drivezy-branded two and four-wheelers will be placed at OYO properties that will allow the hospitality chain’s customers, as well as Drivezy users, to access the vehicles.
People staying at OYO properties that have Drivezy hubs can log on to the vehicle rental company’s app or site, and enter their pin code to get preference for hiring a car or scooter from the hubs. Drivezy has also commenced the deployment of keyless internet-based locks on its vehicles. These would allow customers to unlock their designated vehicles with a QR code scanner, available on the Drivezy app.
The move is an also step towards ensuring the “well-being of the assets being rented and prevent vandalism”, explained Drivezy CEO Ashwarya Singh, in the statement. “To counter this, we are establishing a dense network of parking spaces in all operational cities and our association with OYO is a step in that direction,” he said, adding that customers have to drop their vehicles at wrong locations the end of the trip.
Gaurav Ajmera, Chief Operating Officer, India and South Asia, OYO Hotels and Homes, said, “Our association with Drivezy will help us add a new dimension to our service offerings, ensuring that our guests have a perfect stay with their own independent hired vehicle without having to worry about booking cabs or drivers.”
Drivezy was one of the beneficiaries in 2016 of Silicon Valley-based startup accelerator, Y Combinator. It is also backed by Google, Yamaha, Axan Ventures, IT-Farm, Das Capital and Axon Partners Group. Last year, the startup inked an agreement with Harbourfront Capital to enlist vehicles worth $100 Million on its platform through a special purpose vehicle. The company has raised $32 million in equity funding thus far and is in the process of raising fresh funds.