Most frequently asked questions
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- Overview
- Finances
- Operations
Myles Angels program invites individuals/entrepreneurs across India to be a part of the Myles growth story. Myles Angels purchase new cars and put them on our platform. We then rent out the cars to our customers, and share revenues with the Angels.
Self-drive/car sharing is unsettling the fundamental behavior of ownership. The shift has been observed where more and more customers prefer renting a car over buying one. The aim is to connect the user to a car, offer commuters an alternative method of transportation which is cost-effective, time-saving and need-based.
Myles is India's premier self-drive service available across 21 cities with 250+ convenient pick-up locations. Myles' wide range of cars includes more than 38 car models from a Maruti Swift to a Mercedes. Myles is a part of Carzonrent, which is India’s leading ground transportation company with 7000+ cars and presence in 30+ cities.
Myles has grown from 14 cars to 1200+ cars in the last three years. To further cater to the growing demand for self-drive, Myles plans to bring together a fleet of 50 000 cars in 50 cities spread across over 5000 locations. in the next few years. The idea is to provide a Myles car every 400 meters in a city.
Apart from paying off great returns on your investments, Myles Angels program is an opportunity for aspiring entrepreneurs to enter into a budding market and be a part of the success story of Myles.
Yes, you're free to finance the car with a personal loan.
From Maruti Swift to a Toyota Innova, you’re free to invest in the wide range of cars. A hatchback would require an initial investment of Rs 60k-1L and SUV 2-3 Lacs.
The more your car is driven, the more money it makes. Myles will find customers for your car and manage all the operations. It’s completely hassle-free for you. But you would need to bear the EMI, periodic car servicing and other minor costs. Overall, you can earn 20%-25% returns annually.
Angels are free to add any car ranging from a Hatchback to an SUV on our platform. However, to safeguard your interests we will be restricting investment only on a few car models under each category. This will be done on the basis of due analysis by our analytics team so as to ensure that you get maximum returns on your investment.
Minimum guarantee means that the company guarantees a minimum return of 3%
Onboarding is simple, convenient and hassle-free. Angels enjoy our complete support on financing and registration through our preferred partners. The process is seamless and fast.
All Myles cars are exposed to top-of-the-line service and highest quality of maintenance. Myles will cover the insurance, roadside assistance and in-vehicle technology through its trusted partner network to minimize cost for the right product features.
All Myles cars are third-party insured. Damages and thefts are covered under insurance.