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Zoomcar looks up to its US-based parent again, raises $5.5 Mn in a difficult market

Shortpedia

Content Team
Image Credit: Inc42

Indian self-drive car rental company Zoomcar has raised another INR 41 Cr ($5.5 Mn) from its US-based parent company Zoomcar Inc. Prior to this, Zoomcar Inc had infused INR 5.27 Cr ($717K) in February and INR 8.27 Cr ($1.1 Mn) in January 2021 in the company, taking the total infusion to INR 54.5 Cr ($7.4 Mn) in 2021. Zoomcar is also planning to raise $5 Mn from external investors like Mahindra.