With little competition countering Zoomcar’s expansion in the cycle-sharing segment, the company is hoping to touch 1.5 million rides a day by the year-end
"If you actually look at the state, Rajasthan is a big market for us because if you really think about the tourism opportunities here and the consistent travel, then Rajasthan is one of the best," Moran told PTI.
The company has so far raised USD 45 million from Ford, Sequoia Capital, Empire Angels, Nokia Growth Partners, among others.
This is the fifth city after Pune, Chennai, Kolkata and Bengaluru where Zoomcar has launched this service
Dig a bit deeper though, and one realizes that the Chinese business mentality doesn’t actually conform with the generally accepted “best practices” of Western-style capitalism.
Ola's bike offering comes just weeks after ZoomCar started a similar platform called 'Pedl' with 500 cycles across three cities – Bangalore, Chennai, and Kolkata.
Mahindra Electric is also offering fast charging services to enhance the EV experience for Zoomcar's customers, with fast charging compatible vehicles.
With electric vehicles roaming in cities, there will be a massive new opportunity to redesign many of India's decaying urban centers...
The company's newly launched cycle-sharing brand called 'Pedl' will compete with Alibaba backed Ofo that plans to enter India in 2018.
Despite annual sales touching close to 20 million units, the phenomenon of cycle sharing is yet to take off in India....
Since its inception in April 2013, Zoomcar has reported strong unit economics in most cities in India with almost nine lakh trips in 25 cities with a ticket size of about Rs 4,000 to 6,000 on an average.
Cars rental startup Revv plans to introduce a subscription based car rental model that will allow users to own a car without the liability of maintaining it for just Rs 25,000 per month.
The company today announced a partnership with Zoomcar, a self-driven car-rental firm, to promote shared mobility of electric cars in India.
This partnership will enable individuals to buy new all-electric Mahindra e2oPlus on ZAP, Zoomcar's fractional car ownership programme, the company said in a statement.
CNBC TV18'S Adith Charlie spoke to Zoomcar‘s CEO, Greg Moran, who said that Cadabra will be installed in cars that are leased to the company under the Zoomcar Associate Programme.
Armed with recent fund raising of USD 24 million from Fored Smart mobility, Moran said, "Our current national fleet size is about 2,000 cars and in a year's time this will expand to 10,000 cars."
SURGE 2016 expects more than 4,000 attendees including ...
It's almost 2 years old, and Zoomcar, the membership-based self-drive car rental service, has been in top gear for a better part of this period. However the company is not satisfied, and wants to embark on an aggressive expansion plan that will make growth, quite literally, zoom, reports CNBC-TV18's Poornima Murali and Kritika Saxena.
Self-drive was the fastest growing segment which prompted the duo of Greg Moran and David Back, graduates from the University of Pennsylvania to start-up ZoomCar.