Zoomcar

The proceeds will be used for repayment of approximately $3.8 million in debt and the remaining amount for general corporate purposes and working capital needs.

Car-sharing platform Zoomcar terminates CEO Greg Moran

On February 5, SEC filings showed that the regulator sought clarity on the firm's revenue projections.

Zoomcar in talks with EV car OEMs and dealers to assist hosts with vehicle ownership

The firm is also doubling down on its supply side or the host business through value-added services by tying up with Cars24, Spinny, and Droom to help hosts build more supply

Bengaluru man accuses Zoomcar of defrauding customers. Here's what the company said

Adithya Venkatesan, a man from Bengaluru, took to X to accuse Zoomcar of defrauding customers and 'collecting money' from them without being accountable. His post went viral and even prompted a response from the company.

Zoomcar Inc no longer an associate company, says M&M

M&M currently holds 4.6 lakh compulsory convertible preference shares (CCPS) of Zoomcar India, accounting for 9.83 percent of its share capital.

Zoomcar inks merger pact with Innovative International Acquisition Corp

Upon closing of the transaction, the combined entity will be renamed Zoomcar Holdings, Inc and expects to list its common stock on Nasdaq. Founded in 2013, Zoomcar currently operates across more than 50 cities globally.

Car-sharing platform Zoomcar to go public via SPAC deal

Zoomcar operates a marketplace for private vehicles, with owners making their cars available on the platform and users able to rent them by the hour, day, week or month. The company, whose headquarters are in Bangalore, operates in more than 50 cities in India, Indonesia, Vietnam and Egypt.

Zoomcar expects to achieve profitability in India by this year-end

The company claims it has 20,000 cars on its platform.

This week in startup funding: Good Glamm turns unicorn, Zoomcar raises $92 mn

After a brief period of low funding activity, this week saw multiple startups raise funds in late-stage rounds. The week also saw Zomato announce its plans to invest across multiple Indian startups.

Zoomcar raises $92 million from SternAegis Ventures, others

Zoomcar intends to use the proceeds from this financing to grow its car sharing marketplace in India and various select markets across Asia and the MENA (Middle East and North Africa) region.

Nissan ties up with Zoomcar, Orix for its vehicle subscription model

The Nissan Intelligent Ownership model is currently available in Delhi NCR, Bangalore, Chennai, Mumbai, Hyderabad and Pune.

Zoomcar sets up office in San Francisco ahead of US listing next year

The new office in the US will further bolster Zoomcar's push to create a global car-sharing platform and prepare the company for its broader global marketplace, a statement said.

Zoomcar expands operations to Indonesia, Vietnam

Zoomcar has appointed Leo Wibisono Arifin as the Vice President and Country Head of Indonesia operations, a statement said.

Caught in refund trouble, Zoomcar talks April-end solace

The self-drive car rental startup was shut from March-August 2020 because of COVID-19. As business took a hit, refunds became a casualty. One customer even had to send over 100 emails for a refund. These refunds pertain to cancelled bookings, broken-down cars and other issues.

MG Motor India partners with Zoomcar, ORIX to offer ZS EV on subscription at Rs 49,999 per month

MG India plans to utilise the end-to-end vehicle leasing technology from Zoomcar which choosing ORIX as its vehicle deployment partner.

Zoomcar, ETO Motors partner to boost shared EV mobility

Under the agreement, Zoomcar will provide its proprietary technology which emphasises on security and maintenance of vehicles, while ETO Motors will own and operate electric three-wheelers for shared first-mile and last-mile passenger commute, as well as goods movement within cities, a company statement said.

Zoomcar resumes operations in 35 cities after easing of lockdown restrictions

The company has also launched a special 'Zoom to Atmanirbharta' sale to help customers avail personal mobility options that are safe, convenient, and affordable, the car rental firm said on Tuesday.

Coronavirus lockdown | Godrej Consumer partners Zomato, ShopKirana, Zoomcar for delivery of essential items

Zomato will deliver GCPL products directly to consumers at their doorsteps while ShopKirana will deliver them to individual retailers by connecting with GCPL directly, said a statement.

Want to drive multiple cars without actually buying them? Here's what you can do

With the declining sales figures of the auto industry, people have started to prefer leasing out cars instead of buying them outright.

Shared Mobility | Can Meru help M&M build its service vertical strong enough?

M&M started tapping the services space earlier this year, probably because it realized selling cars may not be enough to sustain growth. The Meru deal is a big leap in that front.

Volkswagen ties-up with Zoomcar for shared mobility

Volkswagen will also offer Zoomcar customised financial, maintenance and repair services, among other benefits.

Mahindra may invest $400 mn in Zoomcar India: Report

Zoomcar India is expecting a $500 million round of funding.

Tata Motors ties up with Zoomcar to deploy Tigor EVs in Pune

Under this partnership, Zoomcar expects to deploy 500 electric vehicles in over 20 cities with Tata Motors over the next one year.

Zoomcar to spend $20 million to promote subscription model ZAP Subscribe

The opportunity to subscribe to a car and then share and save when not in use is a first of its kind innovation for the Indian ecosystem.