Drivezy, the vehicle sharing marketplace, is aiming to expand its services in about 10 cities in the US, including Los Angeles, Chicago and Seattle, over the next 12 months. The Bengaluru-based company counts names such as Das Capital, Yamaha Motor Co Ltd and Axan Partners among its investors.
Earlier in 2019, Drivezy started a pilot in San Francisco and currently has a fleet of 100 cars in the city.
Ashwarya Singh, Chief Executive Officer and Co-Founder, Drivezy, said, “The vehicles in the US have been listed through the peer-to-peer channel. We received a strong response and we are now expanding our services to 10 cities in the US with a fleet of 1,000 cars by next year.”
“The cities being considered include San Diego, Dallas, Las Vegas, Houston and others. We are also looking at South America. For that market, we are looking at collaborating with a local partner and we are hopeful of that happening in the next one or two months,” he further stated.
The international markets like the US, Latin America and Southeast Asia is expected to account for about 20% of the company's revenues over the next two years.
Drivezy was founded by Ashwarya Singh, Abhishek Mahajan, Hemant Sah, Vasant Verma and Amit Sahu in 2015. It operates a peer-to-peer vehicle sharing network with more than 2,000 owners as its partners.
The company had over 2,700 cars and close to 17,000 bikes listed on its platform at the end of June 2019.
