Wednesday, October, 27, 2021 10:55:10

Zoomcar, the car-sharing marketplace, has reportedly set up an office in San Francisco ahead of its U.S. listing in 2022. The new US office will further support the company’s push in creating a global car-sharing platform and prepare it for a broader global marketplace.

Geiv Dubash, the recently appointed CFO, is based in San Francisco and will play a key role in helping Zoomcar with capital market transactions in the future, including the potential public market listings.

Zoomcar has already expanded to the Middle East and Southeast Asian markets. In September, the company announced the launch of its operations in Vietnam and Indonesia.

Greg Moran, the Chief Executive Officer and Co-Founder of Zoomcar stated that the company is focused on becoming a public firm over the next 12 months. He added that the new San Francisco office will help the company in its next growth phase, as it expands the platform as well as the brand globally.

He also said that Zoomcar plans to hire more crucial roles who will bring substantial industry expertise and knowledge to the company at this vital inflection point, as it rapidly emerges from the COVID-19 pandemic.

Zoomcar unveiled the first personal mobility platform of India in 2013 and it now has over 7,000 cars on the platform with a presence across five nations. In 2020, the company launched Zoomcar Mobility Services, the enterprise mobility solutions based on SaaS that offers to cover white-labeled subscription services and driver behavior monitoring solutions based on IoT.

For the record, Zoomcar is a self-drive car rental firm based in Bengaluru, India. The company, established by Greg Moran and David Back in 2013, allows users to rent cars on a monthly, weekly, daily, or hourly basis. It employs more than 300 people and runs operations in more than 50 cities across the country.

Source credits:

https://www.moneycontrol.com/news/business/zoomcar-sets-up-office-in-san-francisco-ahead-of-us-listing-next-year-7546471.html