Mahindra said to lead $500m round in self-drive car rental Zoomcar

Photo: Zoomcar

Self-drive car rental platform Zoomcar (ZoomCar India Pvt. Ltd) is in talks to raise around $500 million in a fresh funding round led by automaker Mahindra and Mahindra Ltd, said two people aware of the development.

The funding round will include a mix of debt and equity financing, the people said, requesting anonymity.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter