Indian car rental company zooms into Vietnam
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Leading Indian car rental platform will begin operations in Vietnam next week.
Users can start booking cars, including SUVs and hatchbacks, on its website and smartphone app starting Monday, a media representative said.
“We hope to reach 2,000 vehicles on the platform by March next year.”
The company has appointed Kiet Pham as its vice president and country director.
Kiet used to hold senior management positions at Indonesian ride-hailing platform Gojek and Indian hotel booking company OyO.
The rollout is part of Zoomcar’s plan to enter the Southeast Asian market, where it plans to invest more than $100 million in the next two to three years.
Zoomcar launched its car rental service in India in 2013 and has become a leading company there in the industry.
It has 10,000 cars for rent in Asia, the Middle East and North Africa. Its headquarters in India has 300 employees.
The company recently raised US$92 million from several investors led by U.S.-based SternAegis Ventures.
Questions & Answers
Q.When will the car rental service officially launch in Vietnam?
When will the car rental service officially launch in Vietnam?
Users can begin booking cars on the company's website and smartphone app starting next Monday. The platform will officially begin operations in Vietnam next week.
Q.What is the company's vehicle target for Vietnam within its first few months?
What is the company's vehicle target for Vietnam within its first few months?
The company hopes to have 2,000 vehicles available on its platform in Vietnam by March next year. This is a key part of their initial expansion strategy.
Q.Who has been appointed to lead the company's operations in Vietnam?
Who has been appointed to lead the company's operations in Vietnam?
Kiet Pham has been appointed as the vice president and country director for the Vietnam operations. He previously held senior management roles at Gojek and OyO.
Q.What is the company's planned investment in the Southeast Asian market?
What is the company's planned investment in the Southeast Asian market?
The company plans to invest more than $100 million in the Southeast Asian market over the next two to three years. This rollout is part of a larger regional expansion.
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