Zoomcar and CARS24 Enhance Support for Carsharing Hosts

Zoomcar partners with CARS24 to support car-sharing hosts with flexible financing for used cars, aiming to expand fleets and lower vehicle acquisition costs.

 

Zoomcar, a leading car-sharing marketplace in emerging markets, and CARS24, a prominent AutoTech platform for pre-owned cars in India, have announced a strategic partnership on February 7th to bolster support for local car-sharing hosts. This collaboration aims to assist Zoomcar hosts in expanding their fleets and potentially boosting their earnings through access to car purchases and flexible financing options offered by CARS24.

By leveraging this partnership, Zoomcar hosts will benefit from financial products designed to reduce the costs associated with acquiring pre-inspected and certified used cars from CARS24, addressing the critical demand for affordable and reliable vehicles. This initiative supports hosts in growing their small businesses with minimal initial investment, enhancing the sustainability and practicality of their ventures.

Furthermore, the collaboration enables Zoomcar hosts to upgrade their existing vehicles through CARS24, offering a practical and long-term solution for those looking to enhance their service offerings. Zoomcar provides a wide range of vehicles, including hatchbacks, sedans, MUVs, SUVs, EVs, and luxury cars, across more than 45 cities. It also offers convenient pick-up and delivery options at major transit locations such as airports and railway stations.

Greg Moran, CEO and co-founder of Zoomcar, highlighted the partnership's potential to significantly increase the number of hosts on the platform by offering customized financing products that lower the barrier to vehicle acquisition. This approach aligns with Zoomcar's broader strategy to democratize vehicle access for countless micro-entrepreneurs across the country, fueling the growth of its car-sharing marketplace.

Zoomcar, founded in 2013 and based in Bengaluru, India, has recently made its debut on the NASDAQ stock exchange, marking a significant milestone in its journey as a pioneer in the car-sharing industry.