Zoomcar, the largest car sharing hub in developing markets and the dominant company in the self-driving car market in India, has announced the launch of the “Zoom Car Green” program by the beginning of the second quarter of 2023 , in order to support the market dynamics of the trend towards the use of electric cars, in order to provide more opportunities for the transformation of the participatory transport sector into a more sustainable form.
The program aims to encourage owners of cars with electric motors to rent them through the Zoom Car platform, in exchange for further economic incentives, with the possibility of equipping them with a tuner for recharging the batteries, which favors the conversion of electric cars and hybrid cars, instead of those that run on “petrol and gas” internal combustion engines, to reduce the level of carbon emissions in the air, especially in light of the climate change crisis.
In this context, Hani Alma, Vice President and Regional Director of Zoom Car Egypt, expressed his optimism regarding the new program, stating, “Through the Zoom Car Green program, we seek to continue efforts to create a greener environment by expanding compliance automotive market environment.” With investments estimated at $2 million for a period of up to 12 months, with a plan to achieve maximum return on investment.”
He stressed that “a team from the company will be assigned to take on the task of providing a unique and seamless experience for both car owners and renters, which contributes to the creation of an integrated and sustainable ecosystem and promotes the concept of green economy to the to improve the quality of life of future generations. These serious steps are in line with the recommendations of the COP27 climate conference, which recommended the need to abandon internal combustion vehicles and replace them with electric cars, in line with the company’s social responsibility in order to preserve the environment of in the face of climate change.”
Interestingly, Zoom Car started rolling out its services in Egypt in 2021, with a total investment of $25 million, as it recorded a booking rate of more than 14,000 bookings in the past year. Last month, the company announced a final merger agreement with Innovative International Acquisition Corp, under which the company will be listed on the US Nasdaq stock exchange.
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About Auto Zoom:
Zoomcar uniquely launched India’s first personal mobility platform in 2013. Today it leads the market with a comprehensive personal mobility ecosystem across its platform, comprising over 10,000 vehicles across 5 countries. Established in Bangalore, Zoomcar employs more than 300 people in more than 50 cities across India. The company allows its customers to rent cars according to their wishes, by the hour, day, week or month. In 2020, Zoomcar launched its innovative software-as-a-service mobility solution known as SaaS, to cover white-label subscription services for customers and provide Internet of Things-based driver behavior monitoring solutions. Zoomcar is one of the largest car sharing service providers in developing markets.