Carzonrent Invests $20M in Self-Drive Brand

Mobility services provider Carzonrent has invested $20 million (about 133 crore rupees) in its self-drive brand Myles, according to a report by The Economic Times.

Since its launch two years ago, Myles has been expanding 30% on a monthly basis, says the report.

"Self-drive is a nascent business but growth is going to be phenomenal, with a lot of demand coming from youngsters between 18 and 40 years of age who do not want to use their own cars," Carzonrent CEO Rajiv Vij told The Economic Times.

Currently, Myles runs more than 1,000 vehicles across 23 cities in India, including Delhi, Mumbai, Bangalore, Pune, and Chennai.

Click here for the full Economic Times report. 

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

A Shared Mobility Model Takes Shape for Fleets

Technology that allows cab drivers flexible access to a shared fleet is leveling the playing field for an 89-year-old taxi company.

Safety Tech: Crash Avoidance or Sensory Overload?

As advanced safety technologies become even more pervasive on mainstream vehicles, are we creating “stupid drivers?"

Own the Fleet, Own the Future

In the dialogue surrounding new transportation paradigms, fleets have been off the public radar until recently. Here’s what’s going on, and a way for you to participate in the conversation.

Job Finder: Access Top Talent. Fill Key Positions.

>