# ZoomCar India Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zoomcar-india-private

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.zoomcar.com
- Total disclosed funding: $236M
- Latest round: Series E (Nov 8, 2021)
- Investors on record: 13

## About

ZoomCar India is a self-drive car rental service that enables users to explore India at their convenience, offering a diverse fleet for individual and corporate needs.Founded in 2012 and headquartered in Bangalore, India, ZoomCar India Private Ltd. provides self-drive car rental solutions. The company has conducted a total of 25 funding deals, with the latest round raising USD 19.5 mn in November 2024. Greg Moran, the founder, has played a pivotal role in establishing the company as a notable player in the Indian mobility sector.ZoomCar offers a range of self-drive cars, including hatchbacks, SUVs, and luxury vehicles, tailored for various customers, including individuals, families, and businesses. Their user-friendly platform allows seamless booking via a mobile app or website, facilitating urban and rural exploration without the constraints of traditional transport.In 2023, ZoomCar generated revenue of USD 8.62 mn, with an EBITDA of USD -25.73 mn, highlighting the company’s current financial landscape as it navigates its operational model and market dynamics.In November 2024, ZoomCar raised USD 19.5 mn, which will be utilized for working capital and to repay approximately USD 3.8 mn in debt. The company is focusing on expanding its market presence, which may involve launching new products and entering additional geographic regions, although specific markets and timelines have not been disclosed.

## Funding rounds

- Series E, Nov 8, 2021, $92M — SternAegis Ventures
- Series E, Jul 12, 2021, $18M — SternAegis Ventures
- Series D, Jan 20, 2020, $30M — Sony Innovation Fund
- Series C, Feb 15, 2018, $40M — Hong Shan, NGP Capital, FundersClub, Mahindra & Mahindra Ltd., Empire Angels, Ford Smart Mobility LLC
- Series B, Aug 25, 2016, $24M — Hong Shan, NGP Capital, Ford Motor Company, Reliance Ventures, Empire Angels
- Series B, Aug 25, 2016, $24M — Hong Shan, NGP Capital, Ford Motor Company, Empire Angels
- Series A, Oct 30, 2014, $8M — Hong Shan, FundersClub, Globevestor, Basset Investment Group, Triangle Growth Partners, Empire Angels
- Seed, Oct 3, 2013 — FundersClub, Empire Angels
- Angel, Apr 1, 2013, $0.2M — Empire Angels

## Investors

- Empire Angels (https://capitalatlas.ai/funds/empire-angels) — Angel, Seed, Series A, Series B, Series C
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed, Series A, Series C
- Hong Shan — Series A, Series B, Series C
- Globevestor (https://capitalatlas.ai/funds/globevestor) — Series A
- Basset Investment Group (https://capitalatlas.ai/funds/basset-investment-group) — Series A
- Triangle Growth Partners (https://capitalatlas.ai/funds/triangle-growth-partners) — Series A
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series B, Series C
- Ford Motor Company — Series B
- Reliance Ventures — Series B
- Mahindra & Mahindra Ltd. — Series C
- Ford Smart Mobility LLC — Series C
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series D
- SternAegis Ventures (https://capitalatlas.ai/funds/sternaegis-ventures) — Series E