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Drivezy strikes Commercial Agreement with OYO for Vehicle Sharing

Self-driving car and bike rental startup Drivezy has entered in a commercial agreement with hospitality chain major Oyo Hotels & Homes, which will allow the former to park its vehicles at Oyo properties across the country. Resultantly, this will help Oyo as well as Drivezy’s customers to easily access the vehicles.

Drivezy will now get to park cars & bikes at Oyo’s properties

Drivezy has confirmed to Techpluto through press release that it has already stationed 1,200 bikes at Oyo’s properties in Hyderabad and Bengaluru and aims to station 100,000 bikes and cars across Oyo’s properties over next three years.

OYO is India and South Asia’s largest hotel chain and commands a massive customer base. We are really excited to work with them as we both believe in the common philosophy of the sharing economy. Establishing on-site hubs with OYO will allow us to further increase our penetration in the growing tourism sector which is mostly dependent on cabs and chauffeur-driven car rentals. We believe that our partnership will offer a cost-effective and convenient alternative to guests staying at OYO,” says Amit Sahu, co-founder of Drivezy.

With this agreement, both companies aim to make the entire experience of touring any city in the country easy and hassle-free. Henceforth all the guests staying in Oyo’s properties have to merely get on Drivezy (via an app either on Android and IOS phones) and type the pin code to get the first preference in hiring the vehicles.

The commercial agreement will also allow Drivezy to protect its assets from any physical damage and malicious intentions.

Commenting on this important issue, Ashwarya Singh, CEO of Drivezy, said “Contemporary players in the on-demand shared mobility space have adopted a free-floating model where customers are free to drop the asset anywhere within city limits. While this model has its advantages, it is extremely difficult to ensure the well-being of the assets being rented and prevent vandalism.”

About Drivezy

Incorporated in 2015, in a short span of time Drivezy has established itself as one of the poster boys in peer-to-peer bike and car-sharing space. Till date, the company has raised $32 Mn through multiple rounds and counts Yamaha Motor Ventures and Axan Partners among its many other high-profile investors.


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