Self driving car rental company Revv has raised $9 million in an equity funding led by Edelweiss Private Equity and and debt funding from Mahindra & Mahindra Financial Services.
It plans to tie up with LeasePlan India for vehicle leasing. It will be using the funds for expanding into new cities, launching new products and investing in technology for customer experience.The company currently operates in Delhi NCR, Bangalore, Chandigarh and Hyderabad .
Earlier this year, the company has appointed Chetan Jain as its Hyderabad CEO. Jain would help the company to expand operations in Hyderabad and reach a fleet size of 1,000 cars in the next few months.