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.
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