In 2015, when everyone was talking about ride-hailing, Drivezy came up with a different idea: why not help people rent out their personal vehicles? Let’s see how they made it work.
The Big Hurdles
Drivezy faced some unique challenges:
- Building trust with car owners (would you rent your car to strangers?)
- Figuring out complex commercial vehicle licensing for P2P rentals
- Balancing supply and demand across different cities
Their Winning Strategy
How did they tackle these challenges?
- Created a P2P platform that helped car owners make money from idle vehicles
- Partnered with insurance companies to protect car owners
- Used AI to figure out where demand was highest
The Sweet Success
Their innovative approach paid off:
Changed how Indians think about vehicle ownership
Now operating in 7+ major Indian cities
Secured $35M in funding
Successfully expanded into bike rentals
