CARS24 announces strategic alliance with Zoomcar

Zoomcar, the leading marketplace for car sharing in emerging markets who recently got publicly listed on NASDAQ, and CARS24, India’s leading AutoTech platform for pre-owned cars, have joined forces to empower local hosts in their car sharing entrepreneurial journey. With this strategic partnership, Zoomcar will aid their hosts in fleet expansion and increasing earnings from car sharing with exclusive offers from CARS24 on car purchase and flexible financing options.

Zoomcar Hosts can now avail themselves of substantial savings, up to Rs 1 lakh along with additional benefits of up to Rs 20,000 on pre-inspected and certified used car purchases from CARS24. This collaboration addresses the critical need for affordable and reliable vehicles for hosts, empowering them to expand their small business presence with significantly lower upfront capital investment and significantly boost their earnings.

Used cars, known for their practicality and cost-effectiveness, present a sustainable solution for Zoomcar Hosts. The partnership will promote the advantages of incorporating pre-owned vehicles into the car-sharing ecosystem. These vehicles not only offer affordability, but also contribute to environmental well-being. Zoomcar Hosts will also have an option to easily upgrade their present cars on CARS24 and get additional benefits.

Zoomcar offers cars shared by local hosts across 45+ cities, including pick-up and delivery options at transit points like airports and railway stations with a comprehensive portfolio of cars across categories – Hatchbacks, Sedans, MUVs, SUVs, EVs, and Luxury cars. Advocating for the benefits of used cars, this partnership promotes their affordability, reliability, and positive environmental impact.

“We’re delighted to partner with CARS24 to bring these innovative, competitively priced used car and financing options to our Hosts,” said Greg Moran, CEO and Co-Founder Zoomcar. “As a platform, we’ve witnessed exceptional growth in the number of Hosts using our platform and we expect this to grow even more as we continue to unlock incremental value for our host ecosystem through these customised financing products. Reducing the cost to acquire a vehicle is a fundamental part of our longer-term strategy to democratize vehicle access for millions of potential vehicle-owning micro-entrepreneurs across the country. This is the lifeblood which fuels the flywheel of our car sharing marketplace.”

Kannan, a 35-year-old Zoomcar super host in Mumbai with 5 cars listed on the marketplace, said, “The Zoomcar and CARS24 partnership is a game-changer for multi-car Hosts like me. Now, I can easily access exclusive used car deals and financing, freeing up my capital to expand my fleet without breaking the bank. This means more cars on the road, happier customers, and a bigger business – it’s a win-win all around!”

Gajendra Jangid, Co-Founder, CARS24, said, “We’re thrilled to team up with Zoomcar, providing their Hosts with special access to our inventory at amazing prices, complemented by hassle-free financing options. Through this groundbreaking partnership, we're not just unlocking new earning potential for Zoomcar Hosts, but we’re also injecting the car-sharing ecosystem with a fleet of pre-loved, affordable, and value-packed vehicles. The introduction of these quality used cars is poised to create a transformative impact, offering sustainable mobility solutions. This game-changing alliance has us buzzing with excitement, setting the stage for innovation and a positive shift. As we hit the road together, we’re confident that our shared drive will cultivate a positive influence, shaping the way people experience shared mobility.”

Through this partnership, Zoomcar expects to leverage CARS24’s stellar reputation in the pre-owned car market, ensuring Hosts gain access to high-quality used cars. This not only unlocks new earning potential for the Hosts but also broadens the reach of the Zoomcar platform. CARS24, a trusted name synonymous with transparency and reliability, streamlines the process, offering Hosts a seamless and cost-effective way to enhance their vehicle fleet.