We have seen it happing in the movies and we probably might have read about it in novels too, that people make plans and they drive off to a destination of their choice with their family and friends, by leasing a car. The rent-a-car concept which was already popular in the west is available in India and in our city Coimbatore too. Thanks to corporate house Zoomcar, that is headquartered in Bengaluru, now people of Coimbatore too can call for a car, for few hours a day, week and even a month.
Zoomcar hits the Coimbatore roads!
This popular rent-a-car concept company came into being in 2013 and currently has a presence in 14 tier I and tier II cities across India. Its vehicle catalogue offers a wide and extensive variety of cars for self-drive in India. From hatchbacks to SUVs and the luxury sedans, Coimbatorians can now lease a car of their choice and the one that fits their budget too.
Zoomcar services were flagged off in Coimbatore today and commenting on the launch, Founder and CEO of Zoomcar, Greg Moran said "We are incredibly excited to launch our operations in the Manchester of South India, Coimbatore. Introducing Zoomcar in the city will bring more flexibility and convenience for citizens and less congestion on the roads over time. We are confident that this will be a compelling alternative to car ownership and help revolutionize the way personal transportation is viewed in the city in the years to come. Introducing a true car sharing model is a simple, yet powerful example of how technology can actually transform our cities. We're just now at a fundamental paradigm shift across the country."
Zoomcar, fuelled and fully loaded, is currently travelling on a smooth road
Speaking at the ambitious launch in Coimbatore, a source from this company shared that currently, this company is travelling on a smooth road. The source shared that Zoomcar recently closed a $24M Series B round of funding, led by Ford Smart Mobility, LLC, a subsidy of Ford Motor Company. The fresh war chest will be used primarily for accelerating its innovative marketplace model, ZAP, which advancing its technological lead around the overall customer experience. The company recently launched initiatives like doorstep delivery and ZAP to help reach even more new customers.
The road ahead for Zoomcar
ZAP a service launched by Zoomcar in the early 2016, allows individuals to purchase vehicles on behalf of Zoomcar, list the vehicle on a dynamic basis on its platform when sitting idle and then finally share its profit on a monthly basis. This company has witnessed robust adoption with over 17,000 registrations for this initiative. Zoomcar expects this marketplace model will account for over 50% of its overall vehicle inventory by the early 2017. The finding will allow Zoomcar to reach a fleet size of over 25,000 cars across more than 25 cities in our country by 2018. Also as part of its future plans, Zoomcar will also significantly expand its current airport offering across all cities.
A highly placed source from this company shares with us that Zoomcar is currently clocking over 2,600 cars pan-India and this number is accelerating. If this company grows at this speed, no one can possibly put the brakes on this company!