Drivezy to add 10,000 bikes to its vehicle sharing fleet

Bangalore-based vehicle sharing company Drivezy is set to roll out 10,000 bikes on its platform. The bikes will be launched in Bangalore, Hyderabad, Mysore, Mangalore and Manipal.

Drivezy allows owners to list their idle cars, motorcycles and scooters on the platform. Customers can rent a vehicle on hourly, daily or monthly basis.

According to the company, 4,000 two-wheelers were added to its fleet in the last one year. 3,000 scooters were added in Bangalore and Hyderabad alone. The company also plans to launch one-way two-wheeler rental service that would enable customers to rent a vehicle from one location and drop it off at any other company location as per their convenience. Drivezy also offers last mile commute service for Hyderabad metro passengers on a 'per minute tariff' basis.

Drivezy was founded in 2015. It currently offers vehicle sharing services in 9 cities. The company recently received US$ 20 million in the form of Series B funding. It has also made a US$ 100 million asset financing deal with Anypay to add 50,000 vehicles to its fleet. Drivezy has partnered with Honda Motorcycle and Scooter India (HMSI), Oyo and Ola.