Indian car-sharing platform, Zoomcar, has raised $24m in Series B funding in a round led by Ford Smart Mobility, a unit of the Ford, according to a statement released on 24 August. Zoomcar currently has 25 vehicles, comprised of those from its own fleet and others sourced through the associate programme (where private vehicle owners can make their cars available on the platform), in Bangalore, Mumbai, Delhi, Pune, Chennai, Hyderabad and Chandigarh. To date, Ford has been one of the largest vehicle suppliers for Zoomcar, which plans to increase its fleet to over 2,000,000 vehicles across 2,000 cities by 2018.
Indian car-sharing platform, Zoomcar, has raised $24m in Series B funding in a round led by Ford Smart Mobility, a unit of the Ford, according to a statement released on 24 August. Zoomcar currently has 2,000 vehicles, comprised of those from its own fleet and others sourced through the associate programme (where private vehicle owners can make their cars available on the platform), in Bangalore, Mumbai, Delhi, Pune, Chennai, Hyderabad and Chandigarh. To date, Ford has been one of the largest vehicle suppliers for Zoomcar, which plans to increase its fleet to over 25,000 vehicles across 25 cities by 2018.