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Startup Street: Car rental, subscription company Zoomcar expects 4-5x spike in demand in next few months

Updated : June 24, 2020 11:44 PM IST

Founded in 2013, car rental and subscription company Zoomcar is expecting a 4-5x spike in demand in the coming months. The company which has raised $130 million in investments from the likes of Mahindra, Sequoia Capital and Sony Innovation Fund is looking to increase its fleet from 10,000 to 1 lakh cars in the next 18-24 months. CNBC-TV18’s Parikshit Luthra caught up with the company’s co-founder and CEO Greg Moran to discuss about demand for car rentals and subscriptions amidst COVID-19.

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