Zoomcar

India-based emerging market focused car sharing platform Zoomcar foresees its special purpose acquisition company (SPAC) deal to close in the fourth quarter this year. The combined company's common stock is anticipated to be listed on NASDAQ under ticker symbol "ZCAR."

Zoomcar, the India-based marketplace for car sharing, has on Wednesday announced the appointment of Delly Nugraha as its Country Head for Indonesia. Indonesia is expected to be the second largest market for Zoomcar after India and Delly in his new role will be responsible for all aspects of growth, operations, and to build the company’s best achievement in…

India-based car sharing platform Zoomcar announced Wednesday $10 million financial investment in connection with the merger with Innovative International Acquisition Corp, a United States-listed special purpose acquisition company.

Zoomcar has launched Zoomcar Host - the Philippines’ first ever car sharing marketplace, allowing vehicle owners to generate income by sharing their car on the Zoomcar platform. With Zoomcar Host, Filipinos can rent out their vehicles from a six-hour to six-month periods and generate additional income when not in use.

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…

Zoomcar, which dominates the self-drive car rental market in India, has expanded to Southeast Asia. This broader geographic expansion is in line with Zoomcar’s ultimate mission to democratize car access across the world’s largest, most populated, and fastest-growing emerging markets.