Bengaluru-based car rental company Zoomcar has announced that people hosting vehicles on the platform have collectively earned around Rs. 200 crore since the launch of the program. The company introduced Zoomcar host in December 2021, allowing individuals to host their cars on the platform to earn an additional passive income. Zoomcar says it has witnessed steady growth since its launch of the program and is expecting hosts to earn over Rs. 1,000 crores in the next 12 months. The company says that an average host who shares their vehicle on Zoomcar for 15 days in a month earns up to Rs. 50,000 per month.
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Talking about the announcement, Greg Moran, Co-Founder and CEO Zoomcar said, “We are very happy to surpass this exciting milestone on our journey towards creating more economic empowerment for our hosts. As a platform, we’ve witnessed exceptional growth in the number of hosts using our platform and we expect this to grow even more as more car owners understand the economic benefits of hosting on Zoomcar. Our team continues to be focused on delivering delightful customer experiences for our hosts and guests on the Zoomcar platform.”
Zoomcar says that an average host who shares their vehicle on Zoomcar for 15 days in a month earns up to Rs. 50,000 per month.
Zoomcar currently offers over 1,000 unique SKUs (stock keeping units) across more than 40 cities including transit points like airports and railway stations. It has a comprehensive portfolio of cars ranging across different categories like – Hatchbacks, Sedans, MUVs, SUVs, EVs, and Luxury cars. This includes both its own fleet and vehicles hosted by individuals. Zoomcar says that approximately 15 percent of the hosts have listed multiple cars on the Zoomcar sharing marketplace, and the age bracket for Zoomcar hosts varies from the mid-20s to mid-50s.