Kovi provides flexible, all‑inclusive car rentals for rideshare and delivery drivers in Brazil, allowing them to start driving without credit checks or a credit‑card and paying weekly fees based on kilometers driven. The service includes maintenance, insurance, a reserve vehicle, and offers monthly or annual plans with an option to purchase the car after a set period, making vehicle access affordable even for drivers with negative credit histories.
Funding
$8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ECNVQCFounders
Product
Problem
Many rideshare and delivery drivers lack access to affordable, well‑maintained vehicles because traditional car ownership or leasing requires credit checks, upfront payments, and long‑term commitments, which excludes drivers with limited credit or cash flow.
Solution
Kovi offers a flexible vehicle rental service tailored for app‑based drivers. Users select a model, pay a refundable security deposit and the first week’s fee, and can start driving immediately without a credit check or credit‑card requirement. The rental includes maintenance, insurance, a reserve vehicle, and protection services, with weekly payments adjusted to the actual kilometers driven. Drivers can choose monthly or annual plans, and after a defined period they have the option to purchase the vehicle at a pre‑agreed price, allowing a path to ownership even for those with negative credit histories.
Target Audience
Primary customers are rideshare and delivery drivers in Brazil who need a reliable vehicle but lack credit approval or capital for purchase, as well as drivers seeking a low‑maintenance, pay‑per‑kilometer rental solution.
Features
- No credit‑check or credit‑card needed; deposits and weekly fees can be paid via Pix, boleto or third‑party card
- All‑inclusive pricing: maintenance, insurance, IPVA, documentation, and a reserve car are covered
- Usage‑based billing that scales with weekly kilometers driven, helping drivers control costs
- Flexible contract terms (monthly, annual) and the ability to upgrade to ownership through the Kovi Próprio program after 13 months
- Wide selection of 0 km and semi‑new models, including options approved for Uber Comfort (e.g., Argo, Polo, Cronos)
- Physical pickup locations in major Brazilian cities for easy vehicle handover
- Support for multiple ride‑hailing and delivery platforms (Uber, 99, Indrive, etc.)