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</p><p>&nbsp; Zoomcar, the self-drive car rental firm, gets a huge financial backing of Rs. 160 crore from the American car manufacturer, Ford Motor Company’s subsidiary, Ford Smart Mobility, Sequoia Capital, Nokia Growth Partners and Empire Angels. Except Ford Smart Mobility, all other players are the existing investors of this rising company. Zoomcar

supplies cars on rent to the people who wants to drive themselves within city or outstation.</p><p>&nbsp; The American auto giant wanted to make in the mobility sector &nbsp;that’s why, Ford Smart Mobility invested in Zoomcar to focus on the transportation technologies. This is the first investment from Ford Smart Mobility in India. Earlier the company retrieved funding of around Rs. 140 crore in 2012, when it was established. After this round of investment, the total funding is around Rs. 300!</p><p>&nbsp; Currently, company has around 2000 vehicles which includes its own fleet and through Zoomcar associate program. The company provides its service to seven cities which are Bengaluru, Chandigarh, Chennai, Delhi, Hyderabad, Mumbai and Pune. By the end of 2018, the company plans to manage 25,000 vehicles on its fleet and providing service in 25 cities. For the development of the company, Greg Morgan, co-founder and CEO of the company has said, "We first got in touch with Ford (for the latest funding) as they were our OEM partners since 2013, and they have known us for longer than the other investors."</p><p></p>