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