Zoomcar drives through $92m series E

Nov 10, 2021 • Fernando Moncada Rivera

Venture capital firm SternAegis Ventures led the latest round for the Sony, Ford, Nokia and Mahindra & Mahindra-backed car rental service.

Zoomcar, the India-based on-demand car rental service backed by corporates Sony, Mahindra & Mahindra and Ford, has raised $92m in a series E round led by SternAegis Ventures, TechCrunch reported on Monday.

Founded in 2012, Zoomcar runs a mobile platform where users can flexibly hire cars on a monthly, weekly, daily or even hourly basis. It currently boasts over 10,000 vehicles on its platform.

The series E proceeds will be use to expand the company’s footprint in more than 20…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.

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