Zoomcar Raises $92 Million In Private Placement Led By SternAegis Ventures

Zoomcar, today announced that it successfully completed a $92 million private placement led by New York City-based SternAegis Ventures with participation from leading international family offices and institutional investors. SternAegis acted as the exclusive placement agent for this offering and ThinkEquity acted as a special advisor. Zoomcar intends to use the proceeds from this financing to grow its car-sharing marketplace in India and various select markets across Asia and the MENA region. The Company will continue to invest in its advanced engineering and data science platform enabling it to strengthen…

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Nissan Ties Up With Zoomcar, Orix For Its Vehicle Subscription Model

Automaker Nissan India on Monday said it has tied up with Zoomcar and Orix for its vehicle subscription programme. The Nissan Intelligent Ownership model is currently available in Delhi NCR, Bangalore, Chennai, Mumbai, Hyderabad and Pune. “Customer’s lifestyle is progressively evolving and this initiative by Nissan, Zoomcar & ORIX empowers the customer on being asset-lite with strong saving potential,” Nissan Motor India Managing Director Rakesh Srivastava said in a statement. The Nissan Intelligent Ownership subscription plan covers all maintenance costs including scheduled and unscheduled repairs, tyre and battery replacement, 24×7…

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Zoomcar Appoints Geiv Dubash As CFO

Zoomcar, today announced the appointment of Geiv Dubash as their Chief Financial Officer. Geiv brings two decades of professional experience to Zoomcar, ranging from Fortune 500 companies to growth stage enterprises. He began his career with early stints at KPMG and PwC in Silicon Valley, followed by investment banking at Citibank in London. Geiv returned to Silicon Valley in 2013 to join Sunrun (NASDAQ: RUN) which grew into the largest US residential solar leasing platform, and subsequently was the Head of Strategic Finance at Scoot Networks an eMobility company (sold to…

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