Ed: With 1.2 billion people and 13 million motorcycles/scooters sold this last year up from 5 million in 2010 estimates put the total number of motorcycles/scooters at 200 million in 2020, this is going to be a massive market at least in pure units.
All of a sudden US VCs are scouting for deals and opening offices in India.
PS They claim to be the first peer to peer platform, I have no way to really verify that but they certainly are very early.
|What problem are you solving?||Ridengine belongs to the sharing economy movement, amidst other self driving rental services like Zoomcar and Carzonrent. We’re convinced that it’s vital to the growth of Indian economy to share cars, bikes and rides which is more efficient. Unlike existing market players, Ridengine does not own vehicles. Ridengine allows rental partners (vendors) and interested individuals by providing them a discovery platform while acting as a marketplace to allow car or bike owners and renters to connect in an easy and efficient way. Ridengine’s economic model complements the existing ecosystem, catering to the needs of all existing stakeholders.|
|What is your solution?||Ridengine is India’s first online peer-to-peer bike and car sharing platform that allows users to rent self-drive vehicles directly from vehicle owners.Ridengine serves as a rental discovery platform helping small businesses andindividual vehicle owners reach potential renters through an online marketplace.Ridengine strives to bring transparency to the existing vehicle rental marketplace by allowing owners retain full control over their vehicle rental – including availability and pricing. These features help potential renters get a curated list of self-drive vehicles within their proximity and price range. Rather than combing through Google searches and scattered online reviews, Customers can decide the best available option at one place.Ridengine simply is a smarter way to rent you next ride!|
|How will you make money?||Free to list vehicle / Rental price depends on vehicle type and rental duration|
|Tell us about the market & founders, why is this a great opportunity?||Founders: Dinesh Rao, Harish Chandramowli & Narayan Gowraj|
Johns Hopkins University AlumniRonald Reddy, Lead Developer
Previously CTO at AdmitSchoolNeelesh Kumar Ch, Head Operations
Previously Geo-Specialist at Google Maps, India
|Founders Names||Dinesh Rao|