Ford leads investors in Indian car rental giant Zoomcar

5 months ago Comments Off on Ford leads investors in Indian car rental giant Zoomcar

Zoomcar has closed US$ 24 million in a Series B investment round led by Ford Smart Mobility, a subsidiary of Ford Motor Company. Existing investors Sequoia Capital, Nokia Growth Partners and Empire Angels also participated. The funds will be used primarily to accelerate its marketplace model, along with furthering its technological lead.
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