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Aug 25, 2016  :  Ford Smart Mobility, a subsidiary of the American automotive giant, Ford, has now invested $24 million (approximately Rs 160 crore) in the Bengaluru-based car-rental company. Existing investors for Zoomcar are Sequoia Capital, Empire Angels and Nokia Growth Partners (NGP). "We first got in touch with Ford (for the latest funding) as they were our OEM (original equipment manufacturer) partners since 2013, and they have known us for longer than the ot her investors," said Greg Moran, co-founder and CEO, Zoomcar. The car-rental company raised $11 million (approximately Rs 74 crore) from Sequoia and Nokia last year Read More Read Less

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