This Formula 1 racer-founded startup is transforming the pre-owned 2-wheeler market in India

Narain Karthikeyan, India's first Formula 1 racing driver, and his childhood friend Christopher Anand Sargunam to start DriveX.

DriveX startup is aimed at offering affordable mobility solutions to the masses, especially focusing on the refurbishment and sale of pre-owned two-wheelers.

Initially started as a platform to provide two-wheelers on a subscription model, DriveX pivoted to a model where it refurbishes used two-wheelers, selling them with the perks usually associated with new vehicles, including warranty and after-sales service.

The startup sources vehicles through various channels, including retail customers and OEMs, and refurbishes them in their Drivex technical centres.

The vehicles then undergo a rigorous 120-point checklist before being certified for sale, ensuring reliability and quality.

Moreover, It facilitates financial assistance, offering instant loan approvals and competitive interest rates through mainstream banks and NBFCs.