Hyundai joins hands with Revv in India

Hyundai joins hands with Revv in India
Hyundai joins hands with Revv in India

South Korean automaker Hyundai announced a partnership with self-drive car sharing firm Revv in India. The partnership entails development of an innovative car sharing service and conducts creative marketing activities in India, the auto major said in a statement. The company′s strategic investment and partnership will enable both Hyundai Motor and Revv to build competency and the technology necessary for leading the future mobility market in India, it added. Y.K. Koo, MD and CEO, Hyundai Motor India, said: "Hyundai Motor India will build a prominent system with both ′Open Innovation′ strategy and India′s fastest growing self-drive car sharing company, Revv.” Hyundai Motor, which is the only automotive company among Revv′s investors, will explore ways to support Revv′s car sharing service, including the supply of car sharing products, the development of new mobility service platforms, and product marketing. Commenting on the development, Revv co-founder Anupam Agarwal said the mobility industry is going through a dramatic shift globally, with the bulk of the innovation still to come. He added, "We want to be at the forefront of creating innovative solutions that can meaningfully shape this shift, and Hyundai Motor will play a crucial part in this mission.”

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