What is Myles?
Myles, operated by Carzonrent, is a leading self-drive car service in India, offering a wide array of vehicles for hourly, daily, and weekly rentals. The service is distinguished by its extensive presence at 10 major airports across the country, providing travelers with immediate access to personal transportation upon arrival. With a fleet comprising over 1000 cars, including electric, SUV, and luxury models, Myles caters to diverse customer needs in approximately 20 cities. The company's commitment to customer convenience is further demonstrated by its continuous expansion plans, aiming to add more airports and vehicles to its fleet.
How much funding has Myles raised?
Myles has raised a total of $20M across 1 funding round:
Private Equity
$20M
Private Equity (2016): $20M with participation from Carzonrent
Key Investors in Myles
Carzonrent
Carzonrent is India's leading premium mobility solution provider, specializing in chauffeur-driven car rental services for both business and individual clients. With over 24 years of service excellence, the company offers a range of travel solutions including corporate travel, airport transfers, long-term rentals, and customized holiday packages across 79 cities.
What's next for Myles?
The recent major strategic investment signifies a pivotal moment for Myles as it aims to scale its operations and solidify its market leadership. With plans to expand its airport presence and significantly grow its fleet, the company is poised for accelerated growth. This funding will likely be directed towards enhancing technological infrastructure, expanding geographical reach, and potentially introducing new service models to meet the burgeoning demand for self-drive solutions in India. The focus on enterprise-level funding suggests a strategic push towards larger contracts and corporate partnerships, further cementing Myles' position as a comprehensive urban mobility provider.
See full Myles company page
