Zoomcar Business Model

Zoomcar business model helps you to rent self driver cars easily. Zoomcar was founded by the American duo David Back and Greg Morgan in 2013. it's an Indian Self-Drive hire car company. They met while studying at the University of Pennsylvania, Unites States of America.

After graduating in 2007 David studied at Harward school of law while Greg worked on energy financial projects. The Duo also attended a graduate school where both decided to drop out and move to India and pursue a venture in car rentals. Greg visited India where he realized that there's strong business potential for car rentals. Then both decided to start out out out a self-drive hire car company named Zoomcar. The Duo faced many challenges but the foremost one was the registration of their business. to beat this challenge, they decided to holdup with local owners who had a license and ended up leasing cars from them. This was a turning point in their life which made them successful.Zoomcar business model helps you to rent self driver cars easily. Zoomcar was founded by the American duo David Back and Greg Morgan in 2013. it's an Indian Self-Drive hire car company. They met while studying at the University of Pennsylvania, Unites States of America.

Zoomcar Business ModelZoomcar is India’s first self-drive hire car company. It allows customers to rent self-driven cars for a selected period of some time which depends on the customer itself. it's headquartered in Bengaluru and its services are spread across 45 cities within the country.It offers an honest and extensive quite cars including hatchbacks, SUVs, sedan. It also offers luxury cars like Audi, BMW, Mercedes.As of now, the corporate has around 10,000 cars from manufacturers like Ford, Mahindra, Maruti, Tata, Hyundai, Honda, etc.Zoomcar earns by allowing individuals to rent cars and taking alittle commission for an equivalent.

Competitors of the ZoomCar RevvDrivezyMylesCarsRevvSelfdrive.in

Finance and Funding’s of Zoom carInitially, the corporate started with $2,16,000 within the capital and a fleet of seven cars.Zoomcar’s investors and partners include Ford Motor Company, Mahindra and Mahindra, Nokia Growth Partners, SequoiaCapital, Funders Club, Basset Investment Group, Athene Capital, Empire Angels, Venture Souk, Globevestor, and Cyber Carrier CL.The company raised the entire funding amount of $151.9 Million.

Zoom car is making great headway in this industry and is the industry leader by far and has a lot of potential to imporve.Zoom car

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