Zoomcar Seeks to Double Fleet, Expand to 10 Cities

Zoomcar uses Tato Nano vehicles in its fleet. Photo via Wikimedia.
Zoomcar uses Tato Nano vehicles in its fleet. Photo via Wikimedia.

Zoomcar, an India-based carsharing company, is looking to double its fleet to 2,000 cars in the next five months and expand to 10 cities, according to a report by the Live Mint.

By the end of this month, Zoomcar plans to expand its carsharing service in Navi Mumbai and Chennai. It has raised close to $11 million from investors such as Sequoia Capital and SVB India, according to the report.

Launched in 2013, Zoomcar currently operates in Delhi, Bengaluru and Pune. It’s looking to expand to other metro Indian cities by December, including Hyderabad, Ahmedabad, Chandigarh and Goa, says the report.

Click here for the full Live Mint report: http://www.livemint.com/Companies/pBjYQh6Big8wgZfgO5VHnK/Zoomcar-to-double-its-fleet-to-reach-10-cities.html

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

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.

Why GM’s Telematics Announcement is a Really Big Deal

Enabling a telematics connection at the factory — and not through an aftermarket hardware installation — is a game changer for fleets.

Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

Job Finder: Access Top Talent. Fill Key Positions.

>