Ford-backed car rental service Zoomcar based in Bangalore, India, is set to start a bicycle sharing business. Founder, American expatriate Greg Moran, said that the company will have its own fleet of cycles and will start the service in Bangalore, Chennai and Kolkata. “We have observed a huge market gap for...
Ford Focuses on Smart Mobility in India
Ford India hosted the City of Tomorrow Symposium in New Delhi where opinion leaders, academics, innovators, policymakers, and special TED speakers got together for an interactive symposium. The thought leaders explored the innovative use of technology and discussed collaboration between the state and private sectors on the issues of mobility...
Go East, Young Entrepreneur!
Here are three stories of entrepreneurs that went east to India, survived, and succeeded: Valerie Wagoner started her company ZipDial, which was acquired last month by Twitter, based on her insight of the potential of missed calls in the bandwidth deprived Indian mobile market. In 2013, Greg Moran and David...
Investors’ Growing Appetite for Vehicle-Rental Startups in India
Indian vehicle-rental startups focused on urban transportation needs are getting funding by US venture capitalists. With one of the world’s lowest car-ownership rates–18 out of 1,000 people, according to the World Bank — India has a large pent-up demand for vehicles. Sequoia Capital has invested $8 million in Zoomcar, an...