Planet Car Rental came into existence as a result of the rapid growth and expansion of the parent company A.V.I Services Limited. A.V.I. Services Limited stated business in the Federal Republic of Nigeria as a duly registered corporate entity in 1985 to carry out operations in the Transport and Logistics Industry. Because of the strategic location, strong financial and quality management the company grew so quickly and became the preferred choice for leading names in the Oil and Gas Sector, Training Institutes, the Banking Sector, Multinationals and Conglomerates, Pharmaceuticals and manufacturing Sector.
A.V.I Services Limited at this time specialized in the provision of staff bus contracts and lease to corporate organizations on contract basis with over seventy buses in operation. However, due to the fast growth of the company there came the need to embark on an extension of business activities and after careful thought
by the experience management an opportunity was identified to provide car rental services to guests at hotels, pick up and drop off of travelers at the airport and other locations around the Lagos metropolis. Hence, there came the necessity for a division and this was the birth of Planet-Rent-A- Car in 1999 at Sheraton Lagos.
The Lagos Sheraton desk of Planet –Rent-A-Car soon expanded and another branch was established at the Federal Palace Hotel to take care of the Victoria Island axis of Lagos. And Planet –Rent-A –Car Abuja branch soon followed within another few years. And following this fast growth and the large number of clients to meet their needs, Planet started the registration of private car owners in 2002 to carter for the ever growing number of clients. These private car owners within the Planet Rental system are known as Private Car Hire (PCH) and Beach Car Hire (BCH) respectively. In 2010, in order to reposition planet for better service and customer relation, the name was changed to Planet Car Rental and became a Limited Liability Company, Planet Car Rental Limited leaving the shadow of the parent company A.V.I Services Limited.
Planet Car Rental has been able carve a niche for itself in the transportation and logistics sector of the Nigeria economy offering only first class transportation services to both corporate and private individuals.