Bangalore based car rental startup Zoomcar eyes US listing via SPAC

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Zoomcar Inc. is considering a listing in the US within 12 months to tap markets beyond its home base of India and as coronavirus-related health concerns bolster demand for car rental.Zoomcar, which dominates the self-drive car rental market in India, plans to expand to Southeast Asia and the Middle East this quarter.

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“There’s a lot of momentum in the public markets for this type of story,” Zoomcar co-founder and CEO Greg Moran said in an interview , adding that a listing via a blank-cheque firm, or special purpose acquisition company (SPAC), was also a possibility.

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