PHOENIXRED RIDES SERVICES PRIVATE LIMITED

In their own words

Creation of jobs is the key factor for eradicating poverty and moving our country in a progressive path which is the main aim of PHOENIXRED RIDES SERVICES PRIVATE LIMITED. In 2018 PHOENIXRED RIDES SERVICES PRIVATE LIMITED was launched with an objective to develop an alternate ecosystem to car ownership to meet the need of finding an effective solution to the growing congestion problems in urban and semi-urban cities. PHOENIXRED RIDES offers self-drive car rental services for short term as well as for long term. The cars offered by PHOENIXRED RIDES range from economical hatchbacks, mid-sized sedans, luxury sedans and rugged SUVs. Recently the company came up with the idea of building a marketplace where individual car owners could list idle cars and rent them out. This platform follows a peer-to-peer car sharing model. With PHOENIXRED RIDES owners can list their cars when they aren't using it, which is then micro leased on hourly basis, with 30 percent of the revenue going to PHOENIXRED RIDES. The most innovative idea that the company has launched is "Doorstep delivery : no other car rental company does this on pure-play basis. It is quite difficult in finding/reaching the rental company's parking lot which is the biggest deterrent that customers cite against self-drive car rentals." The other differentiator in terms of the model is PHOENIXRED RIDES provide unlimited kilometres, to bring the product closer to a 'my private space that I can use as I like' notion, as opposed to a 'taxi/cab that's metering my kilometres' notion. Last but not the least the company has a vision that every person who can't afford to buy a car due to hefty down-payment and followed by equated monthly installments EMIs with an additional maintenance of the car, can subscribe it for long term/hire it for a single day from us and drive it happily like his own car without any tension. This will also help the automobile industry to fight down recession as of now and in near future. The company is focused on building a seamless self-drive car rental service with electric cars in due course of time which will reduce air pollution and for the betterment of the environment.

Written by the company on its public Startup India profile. Not verified by us.