Zoomcar launches operations in the Philippines, plans to invest $25 million over next 12 months

Zoomcar announced its launch of operations in the Philippines. The company plans to invest $25 million across the Philippines in the next 12 months to fuel its expansion in the country. In its recent push into the Southeast Asia region, the company appointed Gene Angelo Ferrer as its country head in the Philippines to help scale their business. The company announced its plans to have 1,000 cars by January 2022, with an intention to scale to 20,000 cars on the marketplace by the end of 2022.