RCI Bank and Services Relaunches Karhoo | Auto Finance News

Renault-Nissan Captive Relaunches Mobility Platform Karhoo

Courtesy of Renault SAS

After RCI Bank and Services purchased a majority share in the startup Karhoo in January, the bank is restarting the mobility aggregator’s operations.

RCI Bank and Services is a French bank that provides automotive financing and services for the Renault-Nissan Alliance brands. As a ground-transit mobility aggregator, Karhoo will have over 150,000 vehicles available worldwide on its platform by the end of the month and the capability of managing up to 10 million transactions a month, RCI Bank said in a statement. Travellers can download the app, compare pricing, car categories or preferred fleets and can book cars and taxis in multiple cities.

“We really wanted to bring a new strategic plan and reinvestment [to Karhoo],” Alice Altemaire, vice president of accounting and performance control at RCI Bank, previously told Auto Finance News. 

Interestingly, Karhoo also provides support for those who are interested in developing their own fleet service. The “Fleet in a box” service provides a business owner with what they need to start their own fleet, including the purchase or leasing of greener vehicles as well as insurance and maintenance. A large part of the mobility market within 10 years will be held by ride-hailing companies, Altemaire said.

“Karhoo is an integral part of our strategy to develop new automobility services with a view to becoming a benchmark player in this market,” Gianluca De Ficchy, chief executive of RCI Bank said in a company statement.

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