DriveX accelerates in the fast lane of pre-owned two-wheelers | Fusion - WeRIndia

In the ever-changing landscape of the pre-owned two-wheeler sector, Narain Karthikeyan is propelling his startup into a new era of organized mobility solutions. He is India’s first Formula 1 racing driver and the brain behind DriveX.

Fueled by digitalization and entrepreneurial spirit, the sector’s rapid expansion has piqued the interest of investors and customers alike.

DriveX, officially NKars Mobility Millennial Solutions, has strategically positioned itself as a comprehensive player in the pre-owned two-wheeler market.

Covering every essential aspect from acquisition to refurbishment and retailing, DriveX has evolved since its inception in April 2020 as a two-wheeler subscription platform.

It now seamlessly provides flexible mobility solutions and supplementary services in five cities.

In a significant development, DriveX had a strategic investment from TVS Motor Company in 2022, a heavyweight in the automotive industry.

This injection of funds serves as a tangible indicator of the growing recognition and potential of DriveX in the dynamically evolving market.

Narain Karthikeyan, donning the hats of both Founder and CEO of DriveX, underscores the transformative nature of the pre-owned two-wheeler business.

He envisions DriveX as a digital-first company, offering analytics-led capabilities across the value chain to multiple brands.

The company’s innovative model caters to modern consumer preferences, allowing users to access two-wheelers through subscription or purchase options.

TVS Motor Company also acknowledges the current unorganized nature of the sector and highlights DriveX’s scalability.

With this strategic investment, DriveX sets its sights on capitalizing on the momentum. It plans to expand its footprint across India in the coming years before venturing into other geographies.

The collaboration between DriveX and TVS Motor Company showcases the industry’s shift towards organization. Besides, it also underscores DriveX’s pivotal role in shaping the future of pre-owned two-wheeler mobility solutions.

As DriveX navigates this transformative journey, the investment from TVS Motor Company serves as a solid foundation for its ambitious plans ahead.

Image Credit: Drivex Website Screenshot

Image Reference: https://www.drivex.in/Bangalore