Launch of Droom Rental: An Innovative AI-Powered Platform
On Wednesday, the automobile marketplace Droom unveiled a new AI-enhanced platform known as Droom Rental, designed to offer versatile rental solutions for its customers. This launch coincided with the 10th anniversary of Droom’s first order. The company highlighted that this novel AI-driven platform will feature a vast array of over 25,000 vehicles across more than 9 categories, comprising bicycles, scooters, cars, buses, yachts, helicopters, and airplanes. These options cater to various requirements, including:
- Daily rentals (local, intercity, and airport)
- Weddings
- Corporate events
- Employee transportation
- Self-drive experiences
Droom stated that the platform has achieved 1,500 listings from over 100 rental suppliers in more than 25 Indian cities, positioning it among the top 12 largest rental companies in India.
The Founder and CEO of Droom, Sandeep Aggarwal, shared his insights on the automobile rental sector, expressing the historical challenges faced, including:
- Lack of trust
- Transparency issues
- Standardisation
- Limited fleet diversity and premium options
- Minimal technological integration
He expressed, “We recognized an opportunity to utilise Droom.in as our AI and technology-driven platform for automobile transactions. Our goal is to revolutionise the automobile rental landscape in India.” Aggarwal also mentioned the forthcoming integration of an advanced technological stack specifically for corporate rental and employee transportation solutions, aiming to elevate India’s automobile rental market to global standards, or even surpass them.
Comprehensive Offerings from Droom
Droom, an AI-driven online platform, provides a wide selection of both used and new vehicles, including over 250,000 vehicles spanning 1,176 cities, catering to more than 1.5 million customers. Each vehicle is subjected to a meticulous 1,100-point inspection, covering aspects such as condition, pricing, and history, thereby ensuring trust, quality, and affordability.
Additional services offered by Droom include:
- Orange Book Value
- ECO
- History
- Droom Fintech
- Velocity
The company enjoys backing from prominent global investors, including Lightbox, Digital Garage, Toyota Group, Beenext, Beenos, 57 Stars, and other substantial family offices from Southeast Asia and Hong Kong.
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