Mahindra to lead $500 million Series E funding in ZoomCar: Report

ZoomCar has raised $103.8 million in funding as yet

ZoomCar could get a $500 million push from a fresh round of funding (Series E) led by Mahindra, reported Mint. ZoomCar is a self-drive-focused car rental company allowing individuals to rent vehicles by the hour, day, and week.

The company has raised $103.8 million as yet, according to CrunchBase. Last year, M&M had pumped in up to Rs 176 crore in Zoomcar India and Zoomcar Inc, its US incorporated holding parent company.

The US-headquartered company has attracted interest from Tata Motors too. The auto major tied up with the mobility start-up in 2018 to offer