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Posted at: Sep 12, 2017, 5:31 PM; last updated: Sep 12, 2017, 5:40 PM (IST)

Zoomcar to go international, bets on countries in Asia, Africa

Coimbatore, September 12

 Zoomcar, India's first 100 per cent self-drive car rental company, said it plans to foray into international markets and that it is strongly betting on Zoomcar Associate Program for its next milestone.

The company has conducted an in-depth research and has a decent sense of market knowledge in Asia and Africa, Zoomcar CEO and Co-founder, Greg Moran said in a release here on Tuesday.

"Our aim is to be in 20-plus countries in next two-three years. To begin with, our first move would be towards Asia and then eventually get into Africa, which is quite an uncharted market," Moran said in a release here.

 From the tech point of view, there is a huge opportunity in Africa as few companies have come out with unique innovation, whereas the demographics are like India which again highlights the scope for a breakthrough chance, he said.

Recently, Zoomcar successfully launched its one-way intercity travel where a user can pick up a car from one city and drop it in another.

Since its inception in April 2013, Zoomcar has reported strong unit economics in most cities in India with almost nine lakh trips in 25 cities with a ticket size of about Rs 4,000 to 6,000 on an average.

The exponential growth and scale witnessed by Zoomcar has firmly established it as a leading player in the Indian self-driven car industry, Moran pointed out.

 Zoomcar currently has more than 20 lakh registered users pan India with a fleet of 3,000 cars.

"ZAP is another feather in the hat for its success where the company has managed to cover about 20 per cent of its fleet with 600 registered users. The metro and non-metros contribute 80 per cent and 20 per cent to the entire profitable business respectively," he said.

 The company, over the next two to three years, is targeting to have 25,000 cars in 30 cities pan India for which its ZAP would account 85-90 per cent fleet.

The company is in talks with various state governments to solve the regulatory issues around having a commercial licence for a private car. —PTI

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