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Zoomcar raises funds from Chinese VC firm Cyber Carrier

Self-drive car rental start-up Zoomcar has raised an undisclosed amount from Chinese venture capital firm Cyber Carrier CL as an extension of its Series B round, the company said in a statement. The company had raised $24 million in August in a Series B funding round led by Ford Smart Mobility LLC, a unit of Ford Motor Co. “Customer experience and Internet of Things-enabled product innovation will remain our highest priorities as we scale Zoomcar Associate Programme in the months ahead and our relationship with Cyber Carrier CL will no doubt help us create a world leading marketplace experience for both our renters and associate owners,” co-founder and chief executive Greg Moran said in a statement.

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