Currently ZoomCar's fleet sits at just over 7000 vehicles, with only 5% of which are electric. CEO Moran said that electric cars are their big focus currently, but the company still has a lot of work to do in that area.
With the latest funding, Paix Technology-owned Truebil has announced its total funding to have reached $22.4 million. The company had announced revenue of $7 million for the FY 2017-18, and aims to generate 5x growth in revenue for the current fiscal.
Commenting on the achievement, Sandeep Aggarwal, Founder and CEO, Droom remarked, “This was our biggest year in terms of scaling our business to new heights and launching so many innovative products such as Quicksell, Droom Credit, Droom Plus, new vehicles sales and expanding our operations internationally."