Zoomcar self-drive rental service to expand into Asia, Africa

Zoomcar – the self-drive car rental service in India – is now planning to expand into Asian and African markets. According to Greg Moran, CEO and co-founder of Zoomcar, the company has completed the research of potential markets in Asia and Africa. It aims to enter over 20 countries in the next 2 years with Asia being the priority. 

Meanwhile, back home, Zoomcar plans to double its current fleet this financial year. It expects the revenues to double during this period. Laying out the future, Zoomcar is targeting to have 25,000 cars in 30 cities across India in the next 2-3 years. The service currently has 20 lakh registered users and a 3000-vehicle fleet spread across 25 cities in India.

Zoomcar Associate Program (ZAP) has 600 registered users and covers 20% of the current fleet, which the company aims to increase to 85-90% over the next 2-3 years. As part of ZAP, individuals can buy one or more cars which can be leased out on a revenue sharing basis. But first, the company will have to sort out regulatory issues with various State governments concerning commercial licenses for private cars.

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