ZoomCar to Switch Exclusively to Peer-to-Peer

Zoomcar, founded by David Back (left) and Greg Moran, rents cars by the hour, day, week, or month. Photo courtesy of Zoomcar.
Zoomcar, founded by David Back (left) and Greg Moran, rents cars by the hour, day, week, or month. Photo courtesy of Zoomcar.

Zoomcar, an India-based self-drive car rental service, plans to shift to a 100% marketplace (peer-to-peer) model by the end of 2017, according to a report by the Tech Portal.

The venture will sell its fleet of owned cars and will push its associate program, ZAP, further.

Currently, Zoomcar has 2,600 cars, a combination of cars owned by the company and those that are part of the associate program, says the report.

The car rental platform initiated its ZAP associate program in April 2016. Under the program, users put their cars on the platform for others to rent. Zoomcar keeps 25% of revenues that its associates make as commission, says the report.

To help with the transition, Zoomcar has launched an app called Cadabra. The app allows customers to unlock the rented cars without having to interact with car owners. The app will update owners about fuel levels, distance travelled, and overall engine health, according to the report.

“Cost is certainly a consideration, but not the prime consideration,” Greg Moran, CEO and co-founder of Zoomcar, told the Tech Portal. “This provides for a much better customer experience and allows us to scale more. The biggest challenge has always been various supply constraints.”

Click here for the full report from the Tech Portal.

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.

>