Rentkar has launched electric vehicles starting at just Rs3,990 per month with zero commitments. They recently posted on Instagram and received over 25 bookings within 2 hours. Encouraged by this response, they are partnering with NBFCs and operating leases to deploy their first 1,000 two-wheelers, offering customers a new usage paradigm.
“This market support validates the movement against overconsumption and the shift towards a sharing economy,” says Tanuj Agarwal, Co-founder of Rentkar.
Every product encounter downtime, but with them, you can exchange a product within 2 hours avoiding months-long service delays.
As founders, we are networking and scaling Rentkar to serve over 1,000 two-wheelers in the market through asset-light rentals. In a recent meeting with an EV expert from a renowned two-wheeler NBFC, he highlighted some key points:
“You may have purchased a scooter, and your delivery is still due, yet here comes your first EMI. That month’s EMI is useless without any use of the product. You may experience downtime, and your scooter at the service center may take up to a month to get back to you.” We can close this gap with Rentkar
This story is from the July 19, 2024 edition of The Business Guardian.
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This story is from the July 19, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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