Zoomcar Holdings has partnered with ACKO Drive, a car buying platform by ACKO, to facilitate local Zoomcar Hosts to expand their car fleet, it said in a press statement.
The company said that the partnership between ACKO Drive and Zoomcar Hosts offers significant benefits to Hosts, including savings of up to Rs 85,000 on new car purchases, attractive car financing offers with instant loan approval and express car delivery.
Zoomcar Hosts earned approximately $4 million according to Zoomcar’s Q3 2023 results, and are focused on making car hosting just as popular as car renting.
Through this collaboration, ACKO Drive will facilitate easier access to Zoomcar Hosts by extending exclusive offers, which will further enable them to increase their earnings potential from car sharing, the company said. Existing Zoomcar Hosts can seamlessly upgrade their existing fleet to meet the surging demand for diverse vehicle options. By embracing the latest models, Hosts can not only enhance their competitiveness but can also tap into the higher earning potential associated with newer and more attractive vehicles.
"We are focused on providing higher quality experiences to our guests, and one of the biggest unlocks for an unparalleled self-drive experience is providing newer and wider car options,” said Zoomcar CEO and Co-founder Greg Moran. “Zoomcar aims to significantly grow the car-sharing marketplace, encouraging more Hosts to join and grow with the platform, and our partnership with ACKO Drive will play a significant role in providing enhanced affordability and choice.”
Speaking about the partnership, Nitin Chadha, SVP - ACKO Drive, said, “Our association with Zoomcar is another step towards providing car enthusiasts the end-to-end support from ACKO Drive in their car buying journey with flexible financing options and suitable insurance solutions.”
