The twist in this story is: Drivezy did an ICO and uses a private currency, offering bitcoin-based tokens to customers to use when renting an idle personal vehicle near them.
The platform allows individual car owners to list their idle cars on the company’s platform, which are then rented by customers. The company claims it has onboarded over 800 owners and has 1,318 vehicles listed on its platform. The company operates in Mumbai, Bangalore, Pune and Mysore. It claims to have a monthly gross merchandise value of $950,000 a month and 246% growth in unique customers over the last year.