👨💻StartupTalkers
Zoomcar is the first self-drive car rental firm in India. ZoomCar operates on a strategy in which it borrows money from banks to acquire 75% of the cars in its network, with the other 25% leased from major firms like Avis Budget Group. Zoomcar was founded by Greg Moran and
👨💻StartupTalkers
Every Middle-class person has a dream to buy a car. People in India think owning a car is a matter of prestige, while people don’t think that today it’s just an extra burden upon your expenses. Gone are those days when a car was considered a luxury. Greg
🔍Insights
Just like other industries, the Covid-19 recession has crushed the travel and tourism industry and thus affected the car rental market in India. But with the increase in the vaccination drive and return to normalcy, the industry witnessed a surge in its service. The car rental market is projected to