This Car Rental Startup Allows You to Own a Car Without Buying it

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Revv
  • As part of the Revv’s subscription program, you can pick your favorite car for 1-36 months with ₹0 down payment, ₹0 road tax, and without the hassle of maintenance and service.
  • The company was founded by Anupam Agarwal and Karan Jain with headquarters in Gurgaon, Haryana.
  • The company is currently available in 19 cities including Bangalore, Hyderabad, Mumbai, Delhi NCR, Chennai, Pune, Kolkata, etc.

Revv is a self-drive car rental service that provides you with all the privacy, fun, and convenience of your own car, without the worry of owning and maintaining one. The company provides self-drive car rentals for round-trips, outstation one-way, local one-way, and weekly commute trips.

The company was founded by Anupam Agarwal and Karan Jain with headquarters in Gurgaon, Haryana. Revv has a revenue of $10 million, and 310 employees. Revv’s latest funding round was a Series B for $14.3M in Aug 2018. Revv’s main competitors are SelfDrive, Zoomcar, and Volercars.

As part of the Revv’s subscription program, you can pick your favorite car for 1-36 months with ₹0 down payment, ₹0 road tax, and without the hassle of maintenance and service. The car will be sanitized and delivered to your doorstep ensuring complete safety for you and your loved ones.

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What is Revv car subscription?

Revv car subscriptions is an entirely new concept of flexible and affordable car ownership. For an all-inclusive monthly fee, you can own a car for your personal use, without worrying about a bank loan, down payment, road tax, regular servicing, or maintenance. 

Revv car subscriptions offer two variants – unboxed and brand new. You can get an unboxed car (that is, a car less than 2 years old and as good as brand new), at an affordable price and for a customizable usage period. You can also get a brand new car of your choice with zero downpayment and zero road tax. And after using the car, if you fall in love with it and want to own it, you can acquire (buy) it from us at a pre-determined settlement charge.

What is the process of subscription?

For brand new car, you can select from 25+ car models available on the Revv website. Next, you need to share some details about you, through which the company confirms your eligibility for Revv car subscriptions.

Once that is done, you need to pay a refundable deposit based on the car and usage period that you select. Prior to delivery, you need to pay the first month’s advance fee.

For an unboxed car, you can select from 10+ car models available. Next, you need to share some details about you and pay a refundable deposit of Rs 10,000. You can book a car by paying only Rs 2,000 deposit, and you can pay the balance deposit (Rs 8,000) plus the first month’s fee at the time of delivery.

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How much to pe paid to get the car?

For a brand new car, you need to pay a refundable deposit, which varies depending on the car you choose and also depending on the usage period selected by you. And before taking its delivery, you need to pay the first month’s advance fee.

For an unboxed car, you need to pay a refundable deposit of Rs 10,000. You can book a car by paying only Rs 2,000 deposit, and you can pay the balance deposit (Rs 8,000) plus the first month’s fee at the time of delivery

How long you can keep the car?

You will have the option to select a usage period while making the booking, and you will need to return the car at the end of that period. For an unboxed car the minimum subscription period is 1 month and the maximum period is 36 months, while for a brand new car the minimum period is 12 months and maximum period is 48 months.

If you want to return the car before completing the usage period, you can do that too, but you will need to pay some amount.

The company is currently available in Bangalore, Hyderabad, Mumbai, Delhi NCR, Chennai, Pune, Kolkata, Ahmedabad, Chandigarh, Coimbatore, Jaipur, Kochi, Mangalore, Mysore, Surat, Tirupati, Trivandrum, Vijayawada and Vizag.

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