Zoomcar raises funds from Cyber Carrier CL

Zoomcar, a self-drive car rental service provider, has raised an undisclosed amount of funding from Chinese venture capital firm Cyber Carrier CL.

"We are thrilled to welcome the Cyber Carrier CL team on board for this next phase of growth in the Indian self-drive space," Zoomcar co-founder and CEO Greg Moran said.

The investment follows Zoomcar's Series B round of funding of $24 million earlier this year. This capital infusion is an extension of that same financing round.

In August, Zoomcar had raised investment, led by strategic investor Ford Smart Mobility LLC, together with existing investors including Sequoia Capital, Empire Angels, OurCrowd and Nokia Growth Partners.