Page 2 - Zoomcar

Car sharing platform Zoomcar announces launch of vehicle host programme

India currently possesses one of the lowest private car utilisation rates in the world, said the company

Zoomcar raises $92 million from SternAegis Ventures, others

Carsharing marketplace Zoomcar on Monday said it completed a $92 million private placement led by New York City-based SternAegis Ventures

Nissan ties up with Zoomcar, Orix for its vehicle subscription model

Automaker Nissan India on Monday said it has tied up with Zoomcar and Orix for its vehicle subscription programme. The Nissan Intelligent Ownership model is currently available in Delhi NCR, Bangalore, Chennai, Mumbai, Hyderabad and Pune. "Customer's lifestyle is progressively evolving and this initiative by Nissan, Zoomcar & ORIX empowers the customer on being asset-lite with strong saving potential," Nissan Motor India Managing Director Rakesh Srivastava said in a statement. The Nissan Intelligent Ownership subscription plan covers all maintenance costs including scheduled and unscheduled repairs, tyre and battery replacement, 24x7 roadside assistance, cost of paperwork, zero depreciation insurance, registration fee, road tax and RTO expenses. It also comes with a FASTag, standard accessories and pick-up and drop facility. Zoomcar CEO & Co-Founder Greg Moran said the company is delighted to partner with Nissan Motor India and ORIX to offer flexible subscriptions as an ...

Zoomcar sets up office in San Francisco ahead of US listing next year

Car sharing marketplace Zoomcar on Tuesday said it has opened an office in San Francisco ahead of its US listing next year. The new office in the US will further bolster Zoomcar's push to create a global car-sharing platform and prepare the company for its broader global marketplace, a statement said. "Recently appointed CFO Geiv Dubash based in San Francisco will be instrumental in helping Zoomcar with future capital markets transactions, including potential listing in public markets," it added. Zoomcar has expanded to Southeast Asia and the Middle East. Last month, Zoomcar had announced the launch of its operations in Indonesia and Vietnam. At Zoomcar, we're focused on becoming a public company in the next 12 months. As we continuously evaluate the best possible alternatives for a public listing, our new office in San Francisco will help the company for this next phase of growth as we expand the platform and brand globally," Zoomcar CEO and co-founder Greg Moran said. He added t

Zoomcar to step up number of e-cars in its fleet in next 2 years

India's largest personal mobility platform to have presence in 25 countries in 3 years

Brands get creative with customer engagement to stay relevant amid crisis

New services, new offers, new alliances and with a little help from technology, brands reimagine their relationship with consumers

E-pharmacies ramp up hiring as orders grow two-fold amid Covid-19 lockdown

Gurugram-based 1mg, for example, is looking to immediately hire 500 people and another 1,000 over the next 2-3 months

Zoomcar prepares to be electric vehicle-driven by 2025, plans expansion

The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month

Mahindra to lead $500 million Series E funding in ZoomCar: Report

ZoomCar has raised $103.8 million in funding as yet

Business model of Ola and Uber flawed, says Zoomcar CEO Greg Moran

Zoomcar has a fleet of 3,000 cars and plans to add another 5,000 vehicles in the next quarter

Zoomcar raises $40 mn from Mahindra; to add 500 E20s to its fleet

Zoomcar and Mahindra will work closely on electric charging infrastructure to further expand the use cases for EVs

Zoomcar to have a fleet of 25,000 cars, half of them EVs, in 2 years

BS ReporterHyderabad, 23 November: Setting a new trend in shared and electric mobility, the car rental company Zoomcar on Thursday said fifty percent of its fleet would be electric vehicles in the next 2 years.This will be big number since the promoters of the self-drive platform have been planning to build a fleet of 25,000 vehicles in the next 2 years as compared to 3,000 cars being currently run by the company across 27 cities in the country."An electric car has all the right ingredients of being a convenient vehicle to drive within the city. On top it, the battery capacity is going to be in the range of 300-400 km per single charge in the next two years. As driving an EV is lot easier, women, in particular, are expected to prefer EVs more in coming days," Greg Moran, co-founder and CEO of Bangalore-based car rental company said here.The company has added 20 e2o Plus model cars to its fleet of 200 cars in Hyderabad on Thursday after it had launched the EV initiative in Mysore last .

Auto rental firm Zoomcar to enter SE Asia, Africa markets next year

Bengaluru-headquartered self drive car rental company Zoomcar aims to go global with the launch of its operations in South East Asia and Africa next year."Zoomcar is very much an India focused company but we are looking at international operations. We plan to launch operations in South East Asia and Africa markers next year", said Greg Moran, chief executive officer and co-founder at Zoomcar India Pvt Ltd.In the country, Zoomcar has presence in 27 cities. Apart from metros and Tier-I cities, the company is aiming to penetrate into the Tier-III locations as well. Zoomcar launched its services in Bhubaneswar today and is eyeing Chhattisgarh as the next potential market."We believe Chhattisgarh can be a good market for us. In Bhubaneswar, our car fleet strength could go up to 200 within a year", Norman said.Zoomcar's pan-India car fleet stands at 3000 of which 80 per cent is company owned. The rest 20 per cent is provided by Zoomcar Associate Program (ZAP).Over the next six months, the ..

Now, you can rent a cycle from Zoomcar

Zoomcar expects to cross 10,000 cycles on road in 2017 with much larger expansion plans to follow in 2018

Zoomcar to go international, bets on countries in Asia, Africa

Our aim is to be in 20-plus countries in the next two to three years, says Greg Moran

Zoomcar plans to go international, starting with Asia and Africa

In August last year, Zoomcar had raised $24 million in funding from Ford Smart Mobility LLC

Zoomcar targets 30% rise in margins as it gets asset light

Banking on an asset light model to increase net margins by 30-40 per cent, self-drive car rental company, Zoomcar, is planning to more than triple its fleet size this year and expand its presence across 30 cities.Currently, the company's fleet comprises of 3,000 cars across 17 cities of which it owns around 2,000 cars and hopes to take the total fleet size to 10,000 by the end of 2017. However, it is now narrowed down upon steadily decreasing the count of owned cars and rely more on brining partners on board, which, as per the company will drive its future business."It is not advantageous to own a car which is more than two years old", Greg Moran, the company's CEO and co-founder said reasoning that the depreciation and wear and tear in company owned cars is much more than the ones which are owned by its partners.Under the asset light programme, Zoomcar, which claims to command a 70 per cent market share in the self-drive car rental space in India, is planning to have atleast 8,000 ...

Zoomcar raises funds from Cyber Carrier CL

The investment follows Zoomcar's Series B round of funding of $24 million earlier this year

How an American launched Zoomcar in India, and now plans to go international

Zoomcar is India's biggest app-based car rental as less than 10% of city residents own cars, reports Tech in Asia

Self drive car rental firm Zoomcar eyes international foray by 2018

"We target to have a fleet of 10,000 cars by end of 2017, which would go up to 25,000 cars by 2018 end," company CEO said.