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.
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.