BEST ELECTRIC VEHICLE RENTAL SERVICES IN INDIA

Electric vehicles have been identified as being a key technology in reducing future emissions and energy consumption in the mobility sector. EV's are poised to transform nearly every aspect of transportation, including fuel, carbon emissions, costs, repairs, and driving habits. The primary propulsion now is decarbonisation to address the climate change emergency, as well to shift towards economics because electric vehicles are anticipated to be cheaper and higher-performing than regular gasoline vehicles.

The signs of vehicle electrification in India are growing. While there are several electric scooter manufacturers in the country including Ather Energy, Hero Electric, and Okinawa, there are only two carmakers that build and sell electric cars - Mahindra & Mahindra and Tata Motors. On the other hand Uber and Ola, both backed by Softbank Group, would need to start converting their fleet to achieve 2.5% electrification by 2021, 5% by 2022, 10% by 2023 before hiking it to 40%, according to the person and the records reviewed by Reuters. Following the same ,recently Ola’s Appscooter (e-scooter ) was snapped testing on roads.

Also, in India, there are a plethora of companies that have started providing electric vehicles on a rental basis too, it wouldn’t be wrong if one says, " India is a huge market for electric vehicles at the moment."

Following are some of the electric vehicle rental service providing companies that ensure a smooth and safe service for their customers

• BluSmart

BluSmart has launched Hourly Rentals starting at Rs 199. Using this option, customers can keep the same electric vehicle with them while they go about attending to their needs in the city. With the rental product, customers in Gurugram will also be able to take the electric cars anywhere in Delhi, thus increasing the radius of operations of BluSmart in NCR. The rentals start at 1 hour/10 km going up to 8 hours/80 km, with 1-hour intervals.

• Avis India

Avis India is a joint venture between The Oberoi Group  & Avis Budget Group. The company is recognized the world over as a strong, iconic, and truly global brand and industry leader in quality and reliability of services, catering to the expectations of all business, corporate & leisure travelers. Also, Avis India has announced its partnership with quikk India to offer corporate electric mobility services.

As per the company's claims, under the partnership, Avis India and quikk India have developed an innovative, integrated AI-based model that combines transportation services along with access to robust charging infrastructure, at costs broadly comparable with those of current ICE vehicles.

This partnership is expected to transform the EV space even further, with developments such as better battery performances and reduced costs of EVs.

• Autovert

Autovert, a Bengaluru bases startup helps people in owning vehicles on a rental basis. Also one own the vehicle for a short period before refinancing the down payment for another one with newer features and one doesn’t even have to worry about selling or maintaining the old one.

Autovert also plans to offer a ‘pay-as-you-go’ service where customers need to only pay for the miles run on an asset. In the future, the founders say the vehicle and battery components will be separate and customers can pay for the miles and battery separately. 

EV companies are distributing their products online while providing a loan or lease options on their websites. Autovert’s tech takes care of all the eKYC norms and shortlists candidates who apply for a loan with an electric vehicle company. The company also offers insurance online. Autovert’s business model is to make money on the monthly rental, which factors in the debt taken from the NBFC. After the lease period, the vehicle will be sold to the pre-owned market for fifty percent of the cost.

• ECO Rent a Car

Ground transportation service provider ECO Rent A Car, one more company in the line, has commenced car rental service at 550 locations across 50 countries.

The service will allow customers to book chauffeur-driven cars for personal and business use during international trips with ease, ECO Rent A Car said in a statement on Thursday.

The company provides a centralized 24x7 booking and payment facility in India for all global car hire requirements.

• Zoomcar

Zoom is the first car rental company in India that offers a plug-in electric vehicle for self-drive. The car offered by zoom is the Mahindra Reva E2. The E2O has a state-of-the-art lithium-ion battery. The E2O can travel up to 100km without recharging. Unlike with many earlier electric vehicles, the E2O doesn’t compromise on power or anything else. It features a B mode or Boost which increases performance and acceleration but the extra power will drain the battery more quickly when it is activated.