The combined entity expects to list in the US market at a valuation of approximately $456 million. The company is expected to be renamed “Zoomcar Holdings Inc,” following the transaction.
Safety and affordability concerns among commuters have given a fillip to shared mobility, with subscription-based models gaining traction. Will the industry realise the true potential of these models?
In a candid chat with Fortune India, Zoomcar's co-founder and CEO talks about the booming car rental industry, and how the company is looking to exploit the opportunities thrown up by the pandemic.
Hype founder and CEO Raghav Belavadi says when people don’t have the money to buy cars, renting and subscription is a good option.
The Hyundai Motors-backed shared mobility service says that it’s not like all car buying customers will move to pay-per-use model but the adoption will keep on increasing.
Zoomcar co-founder and CEO Greg Moran says his aim is to touch 20 million unique self-driving user mark by the end of this year.
