Indian car rental company zooms into Vietnam

By Vien Thong   December 1, 2021 | 07:23 pm PT
Indian car rental company zooms into Vietnam
Zoomcar CEO Greg Moran. Photo courtesy of Zoomcar
Leading Indian car rental platform Zoomcar will begin operations in Vietnam next week.

Users can start booking cars, including SUVs and hatchbacks, on its website and smartphone app starting Monday, a media representative told VnExpress.

"We hope to reach 2,000 vehicles on the platform by March next year."

The company has appointed Kiet Pham as its vice president and country director.

Kiet used to hold senior management positions at Indonesian ride-hailing platform Gojek and Indian hotel booking company OyO.

The rollout is part of Zoomcar’s plan to enter the Southeast Asian market, where it plans to invest more than $100 million in the next two to three years.

Zoomcar launched its car rental service in India in 2013 and has become a leading company there in the industry.

It has 10,000 cars for rent in Asia, the Middle East and North Africa. Its headquarters in India has 300 employees.

The company recently raised US$92 million from several investors led by U.S.-based SternAegis Ventures.

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