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

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Who Controls Your Vehicles’ Data?

In the name of security, an automaker’s alliance is advocating denial of third-party access to the OBD-II port. Is this going too far?

Job Finder: Access Top Talent. Fill Key Positions.

>