Zoomcar is the first company in India to focus on car rental, in contrast to earlier companies in India that focused on chauffeur-driven rentals.
Zoomcar allows users to rent cars by the month, week, day or even hour.
Zoomcar was founded in 2021 by David Back and Greg Morgan. The company is headquartered in Bangalore, India. Zoomcar counts India as its biggest market, operates in several nations, including many in Southeast Asia and the MENA regions.
Zoomcar works with individuals, SMEs that operate fleets and semi-professionals who have a couple of cars to source cars on its marketplace. The company has amassed over 10,000 cars on its platform.
Zoomcar also maintains partnerships with banks and insurance firms and offers a range of cars, from compact to luxury and “everything in between."
Zoomcar is backed by Ford Motor Company, Sequoia Capital, SternAegis, Sony Innovation Fund, Nokia Growth Partners, FundersClub, Basset Investment Group, Venture Souk, OurCrowd, and others. The company raised $92M in Series E round on Nov 08, 2021. This brings Zoomcar's total funding to $243.9M to date.