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Updated: Zoomcar program to let car owners lease their vehicles

Greg Moran, co-founder and CEO of Zoomcar told MediaNama that the company has received over 5,000 inquiries since late last quarter, when it started the program. Moran added that Zoomcar can scale this model to over 100,000 cars over the next 3 years. Earlier: 4 April: Zoomcar, the self drive car rental company has launched a Zoomcar Associate Program (ZAP) which lets Zoomcar’s users as well as other individuals buy one or more vehicles which can be leased to Zoomcar and operate on a revenue sharing model. This was announced via an email to Zoomcar users. We've written to the company for further details and will update this once we hear from them. Zoomcar will provide monthly earnings to car owners, as well as offer 25% off on all their weekday bookings for the duration of 30 months lease of the ZAP program. The company will offer bank loans through its lending partners or let users buy a car with cash. Zoomcar claims that it will undertake all of the operations once the car signs up on the ZAP platform. More details can be found by emailing zap@zoomcar.com. Maruti Ritz and Swift offered in ZAP: Some vehicle enthusiasts on the forum TBHP have expressed concerns over accident liability, the condition of the car post the 30 month lease and if it would be a commercial car etc. A user who got further details stated that Zoomcar is letting users invest in a Maruti Ritz on Maruti Swift for Rs 5.1 and Rs…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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