Zoomcar, a shared mobility platform, recently reached over 15,000 vehicle subscribers. This mark means that Zoomcar is now the third biggest auto company within India's market based on volume, behind only Maruti Suzuki and Hyundai Motor India.
Earlier in March, Zoomcar broke a record by driving in 3,200 car subscriptions and becoming two-times larger than the largest car dealership of the country. Since then its shared subscription platform has grown by a 5X to achieving a run-rate of 15,000 units per month.
The platform has recently tied up with multiple automobile players including Nissan, Toyota, Volkswagen, and Renault and introduced their fleet/models onboard.
The platform is aiming to reverse the industry slowdown by integrating automakers with the ripe digital market of India and converting the non-intenders through a tech revolution. With India’s ongoing digital drive, internet base in India has already crossed the 500-million mark and is likely to reach 650 million by the end of this year. This presents a ripe digital market of ever-connected consumers, the company said in a release.
Greg Moran, co-Founder and CEO, Zoomcar, said, “Our vision is to acquaint new-age customers with hassle-free car ownership. At Zoomcar, we have always empowered our customers with better mobility alternatives and will continue doing so at scale.
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