Voler cars, one of the leading mobility solutions and fastest growing self-drive car rental companies in the country has raised an undisclosed round for a minority stake in the company led by prominent investors such as Kanodias, having interest in consumer tech companies and having active role as investors along with Amit Banka, a leading investor and entrepreneur.
Its unique model has proved to be a big success in Delhi NCR as it’s unlimited kilometre and transparent pricing is widely accepted making the user base jump to 15000+ consumers with 50% traffic coming from its new age android application and iOS application.
Speaking on the announcement, Mr. Vikas Parasrampuria, CEO & Founder, Voler Cars said “We are pleased to announce funding round and partner with some of the leading business names in the market. At Voler, we believe in steady growth of business by providing it a strong foundation. In the last 7 months of self-drive operations, we have invested significantly in establishing an efficient operating model with a sound technology intervention. This capital funding will enable us in offering more superior yet convenient and safer interface to our consumers”.
It plans to reach its 1000 car fleets operation in 12 months. Currently operational fleet includes a range of aspirational cars from mini hatchback to SUVs to luxury sedans. This new funding will provide support to company’s expansion plans of fleets across multiple cities such as Hyderabad, Mumbai, Pune etc over the next few months.
Ms. Punam Kanodia on participation in this funding round said “We are happy to partner with Vikas in his journey to take Voler and the self-drive rental business to newer heights. We are excited about the way the self-drive rental business has shaped up in the last few years. We look forward to growing this sector in India”
The company has designed its model keeping in mind consumers experience and safety. Its safety control includes parameters that keep consumers always connected through real-time inputs about the car, speed, location, and several other factors.