Motorola, RentoMojo tie up to provide Moto Mods on rent for Rs 399 a week

Moto Mods

Lenovo-owned Motorola has partnered with renting platform RentoMojo to let users experience its newly launched Moto Mods on rent for Rs 399 a week.

Moto Mods is a set of new accessories which are attached to the back of the handset allowing users to transform their Moto Z series smartphones to add advanced functionality.

“This is an India-first initiative. We want people to experience the magic of mods before (they) go ahead and buy it. So, whether it is extra battery life or great sound that they are looking for, we will have a mod for that,” Motorola Mobility India Managing Director Sudhin Mathur said.

Launched on Friday, the three accessories — JBL SoundBoost 2 speaker Mod, Moto TurboPower Pack battery Mod, and the GamePad Mod, priced at Rs 6,999, Rs 5,999 and Rs 6,999, respectively — has different functions.

The upgraded, second-generation JBL SoundBoost 2 transforms the phone into a speaker for house parties with 10 hours of playtime built right in. The Moto TurboPower Pack Mod adds an extra day of battery life to the smartphone. The GamePad Mod allows you to transform your Moto Z into a handheld gaming console with a simple snap.

RentoMojo is a marketplace, which offers furniture, furnishings, appliances, trekking equipment and bikes at affordable rentals. It has 25,000 subscribers and leases about 14,000 products every month, including furniture, appliances and bikes.

In July this year, it  raised $10 million in Series B round  from Bain Capital Ventures led by Salil Deshpande, Ex Co-Founder Renaud Laplanche along with current investors Accel Partners and IDG Ventures.

According to the RoC filings with Ministry of Corporate Affairs (MCA), RentoMojo had posted loss $1.2 million (Rs 7.85 crore) against revenue of $300K (Rs 1.92 crore) in financial year 2015-16.



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