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

Hertz, Avis Autonomy Partnerships: Good First Steps on a Long Path

Two new autonomous vehicle project partnerships bring the importance of fleet management to the fore.

An Inside Look at Car Rental in China

A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.

Auto Manufacturers: Mobility Disruptors or Fleet Providers?

Maven’s Alex Keros shares insights into evolving smart mobility business models and new opportunities with fleet management.

Job Finder: Access Top Talent. Fill Key Positions.

>