Zoomcar plans to go international, starting with Asia and Africa

In August last year, Zoomcar had raised $24 million in funding from Ford Smart Mobility LLC

Ford-backed Indian self drive car rental service Zoomcar on Tuesday announced its plans to expand into twenty foreign markets, starting with Asia and then Africa, over the course of the next two years.

The firm said it has been researching overseas markets and will replicate its marketplace model, where individuals list their cars on Zoomcar’s platform when not in use, to grow there. In India, Zoomcar is slowly moving away from owning its own fleet of vehicles, citing good unit economics from its associate programme.

“Our first move would be towards Asia and then eventually get into Africa, which is