Ford Smart Mobility is providing $15m for the Nokia-backed car sharing company's series C round, which also includes Reliance Group's venture capital unit.
India-based car rental service Zoomcar is set to raise $25m in a series C round led by carmaker Ford’s Smart Mobility division, Business Standard reported on Saturday.
Ford Smart Mobility is putting up $15m of the money with the rest to be provided by Reliance Venture Asset Management, the venture capital vehicle for conglomerate Reliance Group, and venture capital firm Sequoia Capital.
Zoomcar operates a car sharing service that enables vehicles to be rented for short return trips, and it…
