| Founded | 2012 |
|---|---|
| Closed | 2024 |
| Country | India |
| Sector | Mobility |
| Collapse type | Zombie Startup |
Zoomcar
"India first self-drive car sharing app raised $105M, listed on NASDAQ, then collapsed as car owners stopped getting paid and the platform became functionally unusable."
Technically alive but effectively dead, burning cash
Key Events Timeline
Zoomcar pioneered self-drive car rentals in India, launching in 2012 and eventually pivoting to a peer-to-peer car sharing model where car owners could list their vehicles.
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