Ford enters Indian car-sharing market with Zoomcar investment  [ India ]

On August 25, Zoomcar, India’s leading car rental company offering car sharing services, announced that it has closed a USD 24 million investment round, led by Ford Smart Mobility LLC, as well as existing investors Sequoia Capital, Nokia Growth Partners (NGP) and Empire Angels.Ford, which has partnered with the company since 2013 and is its largest supplier of vehicles, will own 11% of Zo...
<Aug 25, 2016>