Zoomcar Inc. (NASDAQ: ZCARW) operates a self-drive car rental platform that enables consumers and businesses to rent vehicles on an hourly, daily or longer-term basis. Through its website and mobile application, the company provides on-demand access to a fleet of vehicles ranging from compact sedans and hatchbacks to SUVs and electric models. Users can search for available cars in their neighborhood, book online, unlock vehicles via digital keys, and return them at designated locations when their trip is complete.
Founded in 2013 by Greg Moran (CEO) and David Back (CTO), Zoomcar began with a single vehicle in Bangalore, India, and has since expanded to serve more than 30 cities across the country. Headquartered in Bangalore, the company has built partnerships with local dealerships and leasing firms to scale its fleet, while deploying telematics and IoT technologies to manage vehicle utilization, maintenance scheduling and safety monitoring.
Beyond consumer rentals, Zoomcar offers corporate mobility solutions designed for businesses seeking flexible transportation for employees. Its Zoomcar Corporate program features centralized billing, priority booking and customizable usage policies. The platform also supports longer-term subscriptions that combine vehicle access, insurance and maintenance into a single monthly fee, appealing to customers who prefer a car-as-a-service model over traditional ownership.
Underpinning its operations is a proprietary technology stack that handles reservation management, dynamic pricing, route tracking and data analytics. By leveraging real-time vehicle diagnostics and usage data, Zoomcar aims to optimize fleet efficiency and reduce downtime. As it continues to refine its platform, the company positions itself to capture growing demand for shared mobility solutions in urban and suburban markets.
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