Revenue Model Of Zoomcar

Self drive car rental services startup zoomcar claims to have become operationally profitable in december 2017.

Revenue model of zoomcar. This new and sought after model works by promoting referral links of products that befit your website. Zoomcar is india s first car rental startup founded by david back and greg moran in 2013 in bengaluru with an initial investment of 215 000. You can hire a car for a few hours to days to even months. According to greg moran ceo of zoomcar the company s revenues are over 40 from the previous year and the company may now plan to enter southeast asia and africa in 2018.

As we have added more fleet we have been able to have much higher gross profit our gross. The business model that it follows is of peer to peer car renting business. The company allows individuals to hire cars on rent. Zoomcar follows a model wherein the company owns almost 75 of the cars through loans from the banks.

The firm had also has an associate programme that allows people to lease their own cars to its platform under a revenue sharing model. Zoomcar business model and revenue model. Zoomcar operates on short term rental and a long term subscription business model the former operates on an hourly and daily basis with prices starting at rs 50 hr and ranging up to rs 250 hr depending on the vehicle type. Zoomcar is an indian self drive car rental company headquartered in bangalore india.

In this business model zoomcar gives you cars on rent on per hour per day per week or monthly basis. American duo david back greg moran met while studying. Zoomcar is a different business model it does not give a driver with car to a customer. But how zoomcar earns and what is zoomcar business model.

Since its inception in march 2013 zoomcar claims to have clocked 11 lakh trips in 27 cities and a. As of april the company operates in 45 cities across the country. Hiring a car for self driving via zoomcar. As of now vehicle via zap model contributes 25 of zoomcar s inventory with around 800 cars.

The company was founded in 2013 by david back and greg moran.