ZoomCar Raises $215K to Expand Services in India

According to TechCircle on April 1, Bangalore-based ZoomCar India Pvt. Ltd. raised more than $215,000 from New York-based Empire Angels and a UK-based investor group led by Lady Barbara Judge.

The company aims to enter the $3 billion rental car market in India and expand to multiple neighborhoods over the next nine months.

ZoomCar currently runs a self-drive car rental service with seven vehicles, allowing members to rent by the hour or day. Once registered, members can choose a car from the website or mobile app and pick up or drop off the car from the same location once their usage is over.

View the full article from TechCircle by clicking on the URL:
http://techcircle.vccircle.com/2013/04/01/self-drive-car-rental-startup-zoom-raises-215k-in-angel-funding-targets-3b-rent-a-car-market/

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Safeguarding Your Business with Brokers

While the high-profile bankruptcy of Atlas Choice has left many car rental companies wary of working with brokers, rental companies can take steps to protect themselves and ensure a productive relationship.

My Number One Takeaway from ICRS 2017

This year’s International Car Rental Show (ICRS) opened the door to new business models facing transportation today — yet adapting to these new technologies is not the first key to survival.

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Job Finder: Access Top Talent. Fill Key Positions.

>