Zoomcar Launches $2M Program to Promote Use of Electric Cars in Egypt

Zoomcar, a car-sharing marketplace covering emerging markets and dominating the self-driving market in India, has announced the launch of a $2 million ‘Zoomcar Green’ program to encourage the use of electric cars in Egypt.

The program will enable electric car owners to rent their cars on the Zoomcar platform, incentivizing sustainability in the car-sharing industry. The platform also provides users with a tonger to recharge batteries, further facilitating the adoption of electric vehicles in the country.

“Through the Zoomcar Green Program, we are keen on creating a greener environment by extending the eco-friendly car market, with investments amounted at $2 million over a period of up to 12 months and plan to reach the highest ROI,” Hany Olma, the Vice President and Country Manager of Zoomcar Egypt, tells StartupScene.

According to the startup, a dedicated team will be made available to support both car owners and renters using the platform, whether by listing or renting cars.

Zoomcar first launched its services in Egypt in 2021 with total investments estimated at $25 million. It claims that about 20,000 bookings were recorded last year.