Quiklyz
Quiklyz is the digital car subscription and leasing platform of Mahindra Finance, serving individual consumers and corporate clients across India with all-inclusive monthly rentals on brand-new vehicles, flexible tenures, and optional buyback or upgrade at end of term.
- Company typePrivate
- Founded2022
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Quiklyz does
Quiklyz is a digital-born car subscription and leasing platform operated as a wholly-owned subsidiary of Mahindra & Mahindra Financial Services Limited (Mahindra Finance), the NBFC arm of the Mahindra Group. The company launched in November 2021 and is headquartered in Mumbai, serving both individual consumers and corporate clients across 20+ Indian cities. Its core offering allows customers to subscribe to brand-new cars on flexible tenures of 12 to 60 months, with three mileage tiers (10,000 / 15,000 / 20,000 km per year) and two end-of-tenure pricing structures: Flexi Advantage (market-rate buyback with lower monthly cost) and Assured Buyback (predetermined residual value for planned ownership). All-inclusive monthly rentals bundle registration, insurance, scheduled and unscheduled maintenance including tyres and batteries, and 24x7 roadside assistance, with no down payment required.
The platform is delivered through a web application at quiklyz.com and native iOS/Android apps enabling end-to-end self-service from eligibility checks through KYC, document upload, and agreement signing. B2B distribution is handled by a dedicated corporate sales team offering employer-sponsored employee car leasing programs, fleet management for last-mile mobility operators (including electric 3-wheeler and EV ride-hailing fleets such as BluSmart), and customised plans aligned to employer policies. The customer base includes 12,600+ active subscribed vehicles, 400+ corporate clients, and a stated 4.5 customer satisfaction score.
Quiklyz generates revenue primarily through recurring monthly subscription fees, with secondary income from optional add-ons (replacement cars during service, periodic car spa, accessories, extended coverage) and transaction-based buyback revenue when subscribers purchase the vehicle at end of tenure at either predetermined or market value. The unit economics are backed by the parent NBFC's cost of capital, in-house Mahindra Insurance Brokers integration, and preferential OEM access through the broader Mahindra Group, enabling the platform to absorb the capital intensity inherent to vehicle subscription at scale.
Quiklyz firmographics
Firmographics- Name
- Quiklyz
- Legal name
- Quiklyz
- Website
- https://quiklyz.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Quiklyz is the digital car subscription and leasing platform of Mahindra Finance, serving individual consumers and corporate clients across India with all-inclusive monthly rentals on brand-new vehicles, flexible tenures, and optional buyback or upgrade at end of term.
- Ownership category
- akta.pro rank
Where Quiklyz is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Quiklyz business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Monthly Subscription Fees: Recurring monthly rental payments from car subscriptions covering registration, insurance, maintenance, and roadside assistance. Tenure options range from 12 to 60 months with mileage options of 10,000, 15,000, or 20,000 km per year.
- Buyback/Ownership Purchase: Customers can purchase the subscribed car at end of tenure through either predetermined buyback value (Assured Buyback) or market value (Flexi Advantage). Revenue generated from vehicle buyback payments.
- Add-on Services: Optional services including replacement car during maintenance, periodic car spa, additional car accessories, and extended coverage beyond standard subscription package.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Flexi Advantage - Market-rate buyback option with potentially lower monthly costs |
| Subscription | Monthly | Assured Buyback - Fixed buyback value with predictable end-of-tenure purchase option |
| Subscription | Monthly | Tenure options: 12, 24, 36, 48, 60 months |
| Unit Pricing | Annual | Mileage options: 10,000 / 15,000 / 20,000 km per year |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Quiklyz product offering
Product offeringCore offering
Quiklyz operates an online car subscription and leasing platform that allows customers to subscribe to brand-new vehicles through an entirely digital process covering eligibility check, car selection, KYC, agreement signing, and booking. Customers pay an all-inclusive monthly fee covering registration, insurance, maintenance, and 24x7 roadside assistance, with tenure options of 12 to 60 months and mileage plans of 10,000, 15,000, or 20,000 km per year. The platform serves both individual consumers (B2C) and corporate clients (B2B) with employee car leasing and fleet management solutions.
Product overview
Quiklyz is a digital-born car subscription and leasing platform from Mahindra Finance (part of Mahindra Group) offering two core subscription models: Flexi Advantage (market-rate buyback pricing with lower monthly costs) and Assured Buyback (predetermined buyback value for customers planning to own the car). The platform serves both individual consumers and corporate clients through its online platform and mobile app. Services are available across 20+ cities in India covering hatchbacks, sedans, SUVs, and electric vehicles with tenures ranging from 12 to 60 months.
Differentiator
Problem solved
Functional benefit
Products and services
- Individual Car Subscription A car subscription service for individuals allowing them to lease brand-new cars with all-inclusive monthly fees covering insurance, maintenance, registration, and road tax, with flexible tenure options of 12 to 60 months. Customers can complete eligibility checks, browse vehicles, and book entirely online through the website or mobile app, with optional replacement car during service and end-of-tenure options to return, upgrade, or purchase the vehicle.
- Corporate Car Leasing A B2B car subscription and leasing service for corporate employees, offering customized plans aligned with employer policies, tax advantages for employees, zero asset risk for companies, and dedicated fleet management for employers. The offering also extends to last-mile mobility operators requiring electric vehicle fleets, with MOUs covering deployment of EVs and electric 3-wheelers.
Quantifiable outcome
- 12,600+ cars in fleet
- +3 more outcomes
Companies that use Quiklyz
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Quiklyz technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Quiklyz partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor, core and support.
- BluSmart MobilityminorQuiklyz tied up with BluSmart Mobility, India's first and largest zero-emission ride-hailing service, to provide 500 EVs on lease for their fleet operations.
- Mahindra AutomotivecoreMahindra Automotive, part of the Mahindra Group, partnered with Quiklyz to offer SUV leasing options to customers. This partnership enables exclusive access to Mahindra's SUV lineup through the subscription platform.
- Electric Vehicle ManufacturerscoreQuiklyz announced offering the widest range of electric vehicles (EVs) for leasing and subscription in India, partnering with multiple EV manufacturers to expand their electric vehicle portfolio including Mahindra EVs and other brands.
- Last Mile Mobility Players (Mahindra Logistics, MoEVing, Creativity at Best, Magenta EV, Terrago Logistics)minorQuiklyz signed MOUs with five last-mile mobility players to deliver 1000 electric 3-wheelers on lease. Partners include Mahindra Logistics Limited, MoEVing Urban Technologies Pvt Ltd., Creativity at Best Technologies Pvt. Ltd., Magenta EV Solutions Pvt Ltd., and Terrago Logistics Pvt Ltd.
- Mahindra & Mahindra Financial Services Limited (Mahindra Finance / MMFSL)coreQuiklyz is a digital-born car subscription and leasing platform from the house of Mahindra Finance, part of the Mahindra Group. Mahindra Finance is a leading NBFC providing the parentage, brand credibility, and financial backing for the Quiklyz platform.
- Mahindra Insurance Brokers LimitedsupportInsurance quotation and policy management is facilitated through Mahindra Insurance Brokers Limited, providing comprehensive insurance coverage including zero depreciation and consumables protection for subscribed vehicles.
Scale indicators5 records
Recent moves9 records
Expansion highlights5 records
Quiklyz competitors and assessment
Company assessmentDirect peers
- Selfdrive.in (Myles): Self-drive car subscription service from Carzonrent (Myles brand), targeting both individuals and corporate fleets in India. Comparable subscription model with flexible durations, very similar GTM and customer base to Quiklyz.
- Zoomcar: India's leading self-drive car rental platform with subscription products, operating a tech-led fleet model across multiple cities. Overlaps with Quiklyz on digital subscription, individual and corporate customers, and pan-India presence.
- Revv: India-based car subscription and rental platform offering flexible tenure subscriptions to individuals and corporates. Directly competes with Quiklyz on the digital car subscription model, customer segments, and flexible tenure offering.
Broad incumbents
- ALD Automotive India (Ayvens): Global corporate fleet leasing and mobility player operating in India, offering full-service leasing solutions to enterprises. Larger, broader portfolio of mobility services compared to Quiklyz's retail+corporate focus.
- Maruti Suzuki Smart Finance: Captive financing arm of India's largest carmaker offering auto loans and increasingly lease/subscription products. Reaches enormous customer base via dealer network — a strong indirect competitor to Quiklyz on subscription financing.
- ORIX Auto Infrastructure Services India: Indian arm of ORIX Corporation offering fleet leasing, vehicle subscription, and mobility services for corporates. Larger and more established player with broader portfolio including used cars, fleet management, and operating leases.
- LeasePlan India: Global fleet management and leasing company with India presence, offering corporate fleet leasing and subscription. Established incumbent with deep corporate relationships and broader mobility services portfolio.
Emerging players
- BluSmart Mobility: India's leading EV ride-hailing operator and Quiklyz partner (500 EVs on lease). Comparable to Quiklyz as both an EV fleet operator and as a strategic partner / potential customer in the broader EV mobility stack.
- MoEVing: EV-focused logistics platform and Quiklyz partner for last-mile mobility EV leasing. Adjacent player in the EV fleet space that intersects with Quiklyz on corporate EV leasing use cases.
Others
- Mahindra First Choice Services: Mahindra Group's used car and automotive services business. Sister concern under the Mahindra ecosystem; relevant because used-car residual value management is critical to Quiklyz's subscription economics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Quiklyz social profiles
Digital presenceQuiklyz financial estimates
Financial estimateRevenue estimate
Valuation estimate
Quiklyz leadership team
Management profileNumber of profiles
Profiles7 records
Quiklyz funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Quiklyz M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Quiklyz
What does Quiklyz do?
Quiklyz operates an online car subscription and leasing platform that allows customers to subscribe to brand-new vehicles through an entirely digital process covering eligibility check, car selection, KYC, agreement signing, and booking. Customers pay an all-inclusive monthly fee covering registration, insurance, maintenance, and 24x7 roadside assistance, with tenure options of 12 to 60 months and mileage plans of 10,000, 15,000, or 20,000 km per year. The platform serves both individual consumers (B2C) and corporate clients (B2B) with employee car leasing and fleet management solutions.
Is Quiklyz a public or private company?
Quiklyz is a private company. It is classified as corporate owned and is currently operating.
When was Quiklyz founded?
Quiklyz was founded in 2022. It employs 11 to 50 people.
Where is Quiklyz based?
Quiklyz is headquartered in Mumbai, India, in the Asia region.
How does Quiklyz make money?
Three revenue lines are on record. Monthly Subscription Fees are the primary driver. The others are buyback/Ownership Purchase and add-on Services.
Who are Quiklyz's main competitors?
Direct peers on record are Selfdrive.in (Myles), Zoomcar and Revv. Broad incumbents are ALD Automotive India (Ayvens), Maruti Suzuki Smart Finance, ORIX Auto Infrastructure Services India and LeasePlan India. Emerging players are BluSmart Mobility and MoEVing. Mahindra First Choice Services is listed as an others.
Does Quiklyz have an API?
No public API is recorded for Quiklyz.