Zoomcar, a Bangalore-based startup, is the first company in India to focus on self-drive car rental. It was launched in 2012 by David Back and Greg Moran. The company allows people the freedom to rent vehicles, whether for one or more days. The customers are charged on an hourly or daily basis, depending on their requirements. Zoomcar is dedicated to giving its customers mobility, convenience, and independence. The company operates in more than 15 cities including Bangalore, Pune, Delhi NCR, Hyderabad, Mumbai, and Chennai.
Zoomcar initially raised capital from individual investors like Former US Treasury Secretary Lawrence Summers, Chair of the UK Institute of Directors Lady Barbara Judge, Vice-Dean of International Legal Studies at Harvard Law School William, P. Alford, Wharton Statistics Chair Edward George, and the former Director of the Cambridge Centre for Entrepreneurial Studies, Shai Vyakarnam. Institutional investors are Ford Motor Company, Sequoia Capital, Nokia Growth Partners, FundersClub, Basset Investment Group, Athene Capital, Empire Angels, Venture Souk, OurCrowd, and Globevestor. Zoomcar is proved to be one of the top startups in Bengaluru due to its expansion into different categories and cities.
Recently the company has introduced a new service called PEDL which is a bicycle-based rental service.
Zoomcar Founders: Greg Moran and David Back
Industry: Car Rental
Founded In: 2013