Zoomcar prepares to be electric vehicle-driven by 2025, plans expansion

Sequoia Capital and Mahindra & Mahindra backed self-driving car rental Zoomcar is betting on the electric vehicle (EV) segment and plans to add 2,500-3,000 more EVs. The Bengaluru-headquartered firm currently operates a fleet of 500 EVs, which it claims is growing four times year-on-year.

The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month. It is soon planning to add new Tata Nexon to its fleet of EVs.

“Electric vehicles will continue to pick up and based on the current trends we will be close to 100 per cent electric in the next 5-6 years,” said Greg Moran, co-founder and CEO of Zoomcar.