Vehicle rental startup Drivezy is in early talks to raise a new round of funding in the range of $50-$80 MN and is likely to be backed by two big Japanese companies - Sony Corp and Yamaha, CNBC-TV18 learns.

CNBC-TV18 understands that Sony and Yamaha have heled early talks with Drivezy and are in the process of doing the due diligence of the startup. Yamaha is an existing investor in Drivezy, having invested in the company last year and also partnering to bring its e-bike to India through the startup's platform.

Drivezy said in a statement, "We are raising our Series C round and are currently in talks with multiple investors from around the world, including Japan. We can however neither confirm nor deny anything beyond this at the moment. "

Sony and Yamaha are still to respond to our queries.

Drivezy was founded in 2014 and offers cars and bikes on rent across several cities and competes with players such as Zoomcar and Revv. Its investors include Yamaha, Das Capital, Axon Ventures, IT-Farm, and Axon Partners Group.

In 2018, the Bengaluru startup had signed an asset financing deal for $100 million from Japanese payments firm AnyPay. The funds will be deployed over a three year period through a special purpose vehicle (SPV).

First Published:Jan 3, 2020 8:23 PM IST