• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 22, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home India News

Zoomcar launched its services in Indonesia and Vietnam

by Balraj
September 22, 2021
in India News, Startups, Tech
Reading Time: 2 mins read
0
Zoomcar logo on a SUV

Courtesy: MediaNama

TwitterWhatsappLinkedin

Car-sharing marketplace Zoomcar announced the launch of its services in Indonesia and Vietnam on Tuesday. The startup also appointed country heads in those countries. The development reflects its recent push into international markets, with the entry in the Philippines and Egypt to facilitate business growth.

You might also like

Honda Recalls Over 259,000 Cars in U.S. Due to Brake Pedal Defect

Porsche Uses AI to Make EV Batteries Smarter and Safer

Maserati’s Future in Limbo as Stellantis Prepares for New CEO, Possible Brand Divestment on the Table

Zoomcar logo on a SUV
Courtesy: MediaNama

In a statement, Zoomcar announced the appointment of Leo Wibisono Arifin as vice president and country head of its Indonesia division. Similarly, Kiet Pham has joined Zoomcar as vice president and country head for the company’s Vietnam operations.

Zoomcar seeks to leverage Arifin and Pham’s startup leadership experience and knowledge to recognize itself as the first-to-market car-sharing platform in Indonesia and Vietnam.

Zoomcar’s CEO and co-founder, Greg Moran, stated that the company has always been oriented around personal mobility. Adding further he said, “Indonesia and Vietnam have low levels of vehicle ownership but large, upwardly mobile populations creating a perfect opportunity for us to leverage.”

Leo Wibisono Arifin worked as the chief of strategy at GOJEK, one of Indonesia’s leading technology firms, prior to joining Zoomcar. According to the company, Arifin will focus solely on strengthening Zoomcar’s objective of revolutionizing the mobility business in Indonesia. Whereas Kiet Pham served senior management positions at GOJEK, OYO, and Nielsen before heading Zoomcar’s Vietnam operations.

Zoomcar introduced India’s first personal mobility platform in 2013, and the company now has over 7,000 cars on its platform and a foothold across five countries. It offers customers to rent cars by the hour, day, week, or month. The company currently operates in around 50 cities across India.

The Bangalore-based startup, last year, launched Zoomcar Mobility Services its enterprise SaaS-based mobility solutions offering that includes white-labeled subscription services and IoT-based driver behavior monitoring systems.

With the outbreak of the pandemic, the company became tangled up in controversies and faced a negative financial situation in terms of unit economics. Zoomcar’s expenses jumped by 35 percent in the fiscal year that concluded on March 31, 2020, while profits increased by 10 percent.

The development comes just months after it was announced that Zoomcar is considering an IPO in the United States by next year in order to expand outside its home market of India. Moran had previously stated that his company is considering going public in the United States by forming a new special purpose acquisition company (SPAC).

However, Moran did not disclose the size or timeline of the proposed IPO, he did remark that his company expects to achieve $100 million in revenue this fiscal year during March, and to double its valuation to $203 million.

Tags: GOJEKGreg MoranKiet PhamLeo Wibisono ArifinNielsenOYOSPACZoomcar
Tweet54SendShare15
Previous Post

How to hide comments on Instagram Live

Next Post

Google Pixel 6 Pro hands-on video leaked showing glossy back & huge camera strip

Balraj

Balraj writes about Startup, Business, Technology related news on Techstory... For Business Enquires related to TechStory; Get in touch on: [email protected]...

Recommended For You

Honda Recalls Over 259,000 Cars in U.S. Due to Brake Pedal Defect

by Samir Gautam
June 22, 2025
0
onda is recalling more than 259,000 vehicles across the U.S. because of a defect that could affect how the brake pedal works and potentially

If you own a recent Honda or Acura, you might want to check if your car is part of a major new recall. Honda is recalling more than...

Read more

Porsche Uses AI to Make EV Batteries Smarter and Safer

by Samir Gautam
June 22, 2025
0
Porsche Uses AI to Make EV Batteries Smarter and Safer

It’s 2025, and AI seems to be showing up in just about everything these days, sometimes in ways that feel more like marketing hype than real innovation. Thankfully,...

Read more

Maserati’s Future in Limbo as Stellantis Prepares for New CEO, Possible Brand Divestment on the Table

by Samir Gautam
June 21, 2025
0
Maserati’s Future in Limbo as Stellantis Prepares for New CEO, Possible Brand Divestment on the Table

As Antonio Filosa prepares to take the helm as the new CEO of Stellantis this Monday, the automotive world is watching closely, especially with growing speculation that Maserati,...

Read more
Next Post
Google Pixel 6 Pro hands-on video leaked showing glossy back & huge camera strip

Google Pixel 6 Pro hands-on video leaked showing glossy back & huge camera strip

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?