Bangalore, Feb 21, 2024: India's electric vehicle (EV) revolution just got a major boost with the collaboration of Zoomcar, the recently NASDAQ listed leading marketplace for car sharing in emerging markets and SPARKCARS, a pioneering EV self-drive rental company. As the rental market continues to evolve, this partnership will help increase the supply of EV cars available for self-drive to meet the growing needs of convenient and independent travel, and also a strategic move to increase awareness of higher economic value to EV hosts in the burgeoning rental economy.
With a commitment to rapid expansion, Zoomcar and SPARKCARS will introduce over 1,000 electric vehicles to Zoomcar's platform across India within the next two years. These additions will include popular models such as the TATA Nexon, Mahindra XUV 400, Citroen eC3, and many others, offering users a diverse array of eco-friendly options for their mobility needs. Contrasted with conventional Internal Combustion Engine (ICE) counterparts, hosts providing EV rentals yield a higher economic benefit by capitalising on high demand, special pricing and low operating costs due to minimal maintenance requirements.
As India grapples with the urgent need to address environmental challenges and reduce dependency on fossil fuels, Zoomcar and SPARKCARS are proud to lead the charge towards a more sustainable transportation ecosystem. United by a shared vision to tackle infrastructure challenges, increase EV adoption, and cultivate a vibrant EV community, this collaboration marks a significant milestone in India's journey towards sustainable transportation solutions. These EVs can be easily booked directly on the Zoomcar app without any security deposit or KM limit.
“With the government’s growing focus on boosting the EV ecosystem, we are proud to grow in the same direction facilitating this evolution together with SPARKCARS for a cleaner, greener future. We are not just adding EVs to our platform; we are empowering our guests with a variety of sustainable choices and opening the doors to disproportionate economic value that EV hosts can earn as compared to ICE” said Greg Moran, CEO and Co-Founder Zoomcar.
Mehul Agrawal, CEO and Co-Founder SPARKCARS said “We have been working towards fulfilling our vision of enabling a sustainable mobility transition in India for quite some time. Together with a market leader like Zoomcar, we are now more confident in our shared abilities to achieve this goal at a much faster pace, aligning seamlessly with India’s climate commitments and the Prime Minister’s Mission Life initiative.”
To commemorate the beginning of this transformative partnership, Zoomcar and SPARKCARS co-delivered their first guest booking in the presence of Adarsh Menon, President Zoomcar and Mehul Agrawal, co-founder of SPARKCARS.
Their first guest, Mr. Keshav Soni added, “As a staunch advocate for electric vehicles and a believer in the self-drive rental model, I'm ecstatic to be the first to experience the synergy between Zoomcar and Sparkcars. Not owning a car myself, this partnership aligns perfectly with my values of sustainability and convenience, offering me the freedom to explore without the burden of ownership. I'm proud to support initiatives that pave the way for a greener, more accessible future of transportation.”
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