Indian car rental company, Drivezy, has created a cryptocurrency called RentalCoins, which allows users to crowdfund its fleet of vehicles. Formerly named JustRide, Drivezy is a technology aggregator for self-drive cars and bike rentals. The company has raised $10m and has been backed by Google, DAS Capital and Axan Ventures, amongst others. In the past few months, there have also been several other startups that are trying to create similar services in India.
Indian car rental company, Drivezy, has created a cryptocurrency called RentalCoins, which allows users to crowdfund its fleet of vehicles. Formerly named JustRide, Drivezy is a technology aggregator for self-drive cars and bike rentals. The company has raised $10m and has been backed by Google, DAS Capital and Axan Ventures, amongst others. The company is now looking to raise $20m through a public ICO in 2018 and two private ICOs previously.