Renowned named in mobility services solutions, Zoomcar offers one of the largest marketplaces for cars on rent. From short road trips to quick in-city drives for groceries, supply pick-up, food runs, the company have the cheapest car rental options for every type of needs.
In a recent interaction with Aishwarya, Greg Moran, Co-founder and CEO, Zoomcar mentions the initiatives of the company that place them at the forefront of creating innovative solutions to shape the current mobility industry.
Offering leading car sharing services, mention the unique services Zoomcar provides to its clients that differentiates it from its local competitors?
Zoomcar has 90% market share in the Indian market and has the first mover and first to scale advantage. At its core, Zoomcar’s primary advantage stems from its continuing focus, from inception, on investing across core technologies such as IoT and machine learning to create a seamless, frictionless user experience for guests and hosts. Zoomcar is the leading marketplace for car sharing in emerging markets and has more than 5 million guests and a 20,000+ strong Host Community; As a platform, we’ve witnessed exceptional growth in the number of hosts using our platform and we expect this to grow even more as more car owners understand the economic benefits of hosting on Zoomcar. Our team continues to be focused on delivering delightful customer experiences for our hosts and guests on the Zoomcar platform.
Our shared mobility vision has proven an ideal fit for emerging markets, as low vehicle ownership creates huge untapped demand among a rising middle class that faces affordability and convenience constraints, driving low car ownership levels below 10 per cent. Meanwhile, young populations and rapidly growing cities make Zoomcar’s ecosystem stronger and help to strengthen continuous adoption, while high urban density creates a strong marketplace network.
With over 20,000 cars on its technology-driven platform across India, Indonesia, and Egypt, Zoomcar is transforming the urban mobility landscape with the introduction of affordable, sustainable, and convenient transportation solutions. Zoomcar currently operates across more than 45 cities globally and plans to continue building smart, convenient, and sustainable transport solutions for emerging market consumers.
With electric vehicles becoming popular day by day, what are Zoomcar’s views on the electrification of the vehicles? Also, mention the EVs currently registered in your portfolio.
The very business model of Zoomcar is centered on reducing the burden of increasing vehicles on the infrastructure and the environment. At Zoomcar, we strive to be at the forefront of creating innovative solutions that can help shape the mobility industry. Our car sharing platform is perfectly suited for electric vehicles. We were the first in India to deploy EVs for commercial purposes back in 2013 and 2014. This made us an early mover in the trend of electrification.
Electric Vehicles have become sought after for a variety of reasons, including their environmentally friendly nature and long-term cost savings offered to users. In fact, India’s EV market, despite being at a nascent stage overall, has been witnessing steady growth in recent years, with an increasing number of consumers taking the EV route and the government introducing policies to facilitate an EV-conducive environment.
We currently have 500 EVs on our platform and have also recently partnered with Statiq to accelerate EV-based travel in India, through this partnership EV owners would now be able to list their cars as hosts on Zoomcar and help increase the popularity of EVs among non-EV owners helping to foster a culture of clean mobility among the public.
However, there are challenges. The infrastructure for EVs in India needs to be rolled out in a more significant manner. Public and private partnership is key to success.
What are the norms or security check a host or a car owner must go through to register its car in Zoomcar?
Hosting on Zoomcar is easy & convenient: hosts can sign up for free & within 30 minutes they can make their listing live. The car is then fitted with a safety monitoring device and is then ready to list on the platform and earn income for the host once the car starts receiving bookings. Hosts have complete flexibility to share their car whenever it’s convenient. Zoomcar directly credits earnings to the hosts’ bank account in a weekly manner.
Is there any security deposit or safety check the company employs once it shares the car with its client?
For Zoomcar, customer obsession is deeply rooted in our DNA, customer centricity is an integral part of all the Zoomcar initiatives. Our number one priority will always be to create the most seamless, frictionless, user-friendly self-drive experience on the planet. You can drive unlimited KMs, with 100% Free Cancellation up to 6 hours before the trip start, 0 Security Deposit, 0 Toll Charges, and 24/7 Roadside Assistance. With our home delivery product launch we now have 1000+ hosts that are currently offering home delivery to guests.
Any upcoming plans or project focused on e-mobility in India, Zoomcar is currently working on?
As mentioned back in January 2023, we announced a partnership with Statiq, a leading electric vehicle charging services provider, to accelerate EV-based travel in the country. Through this partnership, EV owners can now list their cars as hosts on Zoomcar. The Delhi NCR region will be a pilot for this partnership, and in time, it will be expanded to Mumbai and Bangalore, among other locations. We are confident that this partnership will not only provide both our host and guest customers with a hassle-free EV-sharing experience, but also help to increase the popularity of EVs among non-EV owner and foster a culture of clean mobility among the public
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