Sequoia-Backed Zoomcar Eyes Potential SPAC Deal: Report


Zoomcar is considering a listing in the US within 12 months to tap markets beyond its home base of India and as coronavirus-related health concerns bolster demand for car rental, Bloomberg reports.

Zoomcar CEO and co-founder Greg Moran reportedly said that a listing via a blank-check firm was a possibility.

Established in 2013, Zoomcar allows users to rent cars by the month, week, day or even hour. The company’s early backers include Sequoia Capital. Read more.

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