Zoomcar to raise $50 million from Mahindra, Ford: Report
Bengaluru-based car rental startup Zoomcar is set to raise $50 million from Ford's startup investment arm, Ford Smart Mobility, and Mahindra & Mahindra, according to a report. The deal will value the startup at around $200 million, the report added. Mahindra & Mahindra will invest about $30 million, while Ford will invest the remaining $20 million.