Zoomcar Holdings, Inc., a car-sharing domain, has announced a strategic alliance with ACKO Drive, an online car buying platform in a move set to revolutionize the self-drive car-sharing market. This collaboration, unveiled on March 27, 2024, in Bengaluru, aims to empower local hosts on Zoomcar’s platform by facilitating the expansion of their vehicle fleets through exclusive, cost-effective offers.

Through the partnership, ACKO Drive is extending remarkable benefits to Zoomcar hosts, including potential savings of up to INR 85,000 on new vehicle acquisitions. Additionally, hosts are being offered enticing car financing options featuring instant loan approvals, express delivery of vehicles, and more, enabling them to amplify their service offerings and boost their income.

This initiative comes at a time when the demand for car sharing in India is experiencing rapid growth, fueled by the flexibility and freedom it offers travelers seeking to explore off-the-beaten-path destinations. Recognizing this trend, Zoomcar and its hosts are capitalizing on the opportunity to redefine car rental services by promoting car hosting as a lucrative micro-entrepreneurship venture.

Zoomcar’s third-quarter results from 2023 highlighted that hosts on its platform earned approximately $4 million, underlining the financial viability and attractiveness of hosting vehicles for rent. ACKO Drive, on its part, is revolutionizing the online car buying experience by offering a one-stop platform for comparing vehicle models, selecting financing and insurance options, and availing of after-sales services.

The collaboration between Zoomcar and ACKO Drive aims to simplify vehicle upgrades for existing hosts, thereby meeting the rising demand for a diverse range of vehicle options. By introducing newer models into their fleets, hosts can enhance their service quality, meet consumer preferences for modern and well-equipped vehicles, and realize higher earnings.

Greg Moran, CEO and Co-founder of Zoomcar, emphasized the importance of this partnership in enhancing guest experiences through a broader selection of cars and fostering the growth of the car-sharing marketplace. He highlighted the crucial role of ACKO Drive in making vehicle ownership and hosting more affordable and accessible.

Nitin Chadha, SVP at ACKO Drive, echoed this sentiment, noting the synergy between Zoomcar’s platform, which ignites individuals’ passion for unique travel experiences, and ACKO Drive’s expertise in simplifying the car buying process. He expressed confidence that the partnership would significantly benefit car enthusiasts, offering them comprehensive support in their vehicle purchasing journey.

This strategic alliance marks a significant step towards enriching the domestic tourism landscape by providing cost-effective, reliable vehicle sharing and purchasing solutions, thereby catering to the evolving needs of Indian consumers and empowering local entrepreneurs with advanced tools for business growth.