(2 minutes read)
- Zoomcar, the world’s self-driving car sharing service has received US$92 million in a private offering
- The offering was made by a consortium led by New York-based SternAegis Ventures
- Some of the world’s leading international companies and institutional investors are also participating in the consortium
- Zoomcar has recently expanded across Southeast Asia and the Middle East and North Africa
Zoomcar, the world’s self-driving car sharing service has received US$92 million in a private offering. The offering was made by a consortium led by New York-based SternAegis Ventures. Some of the world’s leading international companies and institutional investors are also participating in the consortium.
Zoomcar has recently expanded across Southeast Asia and the Middle East and North Africa. The company aims at creating a global car sharing platform, to facilitate car sharing across major emerging markets. SternAegis was the exclusive underwriting agent. ThinkEquity was the special advisor for this financing. It has announced in October the expansion of its business in the Middle East to include Egypt.
The Zoomcar’s fleet includes more than 7,000 vehicles in five countries. It was founded in Bangalore, India, and employs more than 300 people in more than 50 cities in India.
