SpotRental is a rental vehicle service provider. The platform is an urban mobility platform. These rental services provide comfort to its clients and are also affordable to all. The vehicles that are given on a rent basis include SUVs, MUVs, sedans, vintage cars, and chariots.
The tagline of SpotRental says, ‘Rent it like it’s yours’, so why buy? When you can rent!
Whether you’re going for an adventurous trip, a trip to town, or a regal wedding, SpotRental can fulfill all your vehicle requirements.
SpotRental was founded by Md Afroz Khan.
About Md Afroz Khan
Md Afroz Khan is graduated with a Bachelor of Engineering (B.E.) in the year 2019, focused in Mechanical Engineering from the Oriental Institute of Science & Technology, Bhopal.
He won M.P. 's startup yatra, Tie Delhi, and got incubated by Aic Aartech under Niti Ayog.
Challenges in SpotRental
SpotRental offers different types of vehicles for rent. SpotRental has the vision to provide renting vehicles with ease and more comfortably at the tip of a click.
The customer base of SpotRental is in -Bhopal, Madhya Pradesh, India.
The business model of SpotRental
SpotRental provides a wide range of rental vehicles on an hourly basis through its application by focusing on baaghi's and luxury rental.
- Target Customer: Wedding families, employed individuals with less time commitment towards maintaining their vehicles (age range 30 to 60), but college students who rent vehicles/luxury rides for parties/travel
- Customer Acquisition: College events/hackathons, business collaborations with wedding planning agencies, digital marketing, and word-of-mouth referrals.
- Revenue Generation: Commissions generated from car rentals
- Cost Structure: Investments are made in platform hosting, because of the organization of customer acquisition events and emergency maintenance of vehicles.
- Profit Margin: Also, the company makes anywhere from 10% to 30% in commissions from vehicle providers.
