Car sharing marketplace to enter PH

Published October 19, 2021, 5:37 PM

by Bernie Cahiles-Magkilat

Zoomcar, the largest car sharing marketplace covering emerging markets, announced they will soon be launching their operations in Philippines.

Zoomcar, which dominates the self-drive car rental market in India, has expanded to Southeast Asia and appointed Gene Angelo Ferrer as their country head in Philippines to help scale their business.

Gene Angelo Ferrer, Zoomcar PH country head

In a statement, Greg Moran, CEO & Co-Founder of Zoomcar said that Zoomcar has always been focused on personal mobility. ”This is the perfect time for us to expand internationally. Against the backdrop of Covid there are a lot of inherent tailwinds, which is really helping us capture more of the consumer mindset and gain market share. People want to get out and travel and they want to be social again,” said Moran.

He also said that the appointment of Ferrer as leader for Zoom car’s operations in Philippines as a big boost to their local presence. Prior to joining Zoomcar, Ferrer has led Dostavista’s, a Russian-based crowdsourced delivery platform, entry into the Philippines in 2018. Locally known as MrSpeedy / Borzo Delivery, Ferrer grew the company exponentially with record setting year on year growth rates both on daily revenue and total deliveries per day.

Ferrer also comes with over a decade’s experience and his expertise in start-up management will prove vital in establishing Zoomcar as the first-to-market car-sharing platform in the Philippines.

Commenting on Zoomcar’s international expansion, Moran said that the Philippines has low levels of vehicle ownership but the large and upwardly mobile populations made it a perfect opportunity for them to leverage.

“We are thrilled to welcome Gene as our new country head in Philippines and look forward to benefiting from his experience of scaling up aggressively and building synergistic partnerships contributing to our growth. Philippines will be a benchmark for us to expand into other countries in Southeast Asia,” he said.

For his part, Ferrer noted that in recent years, the Philippines has been economically classified as an emerging market – fondly referred to as Asia’s Rising Tiger. “Zoomcar entering the Philippines market is yet another step forward to advance another local industry to become world-class. Excitement is an understatement to describe how I feel about joining Zoomcar at this important stage of its growth,” he said.

He was looking forward to see how Zoomcar can uplift the Filipino people through our proposition of establishing a secondary income stream without sacrificing their existing day jobs.

“We take the first step to making Zoomcar Philippines the Filipino mobility app of choice,” said Ferrer.

Launched as India’s first personal mobility platform in 2013, Zoomcar today is the market leader in the car sharing ecosystem with over 7,000 cars on its platform with a presence across 5 countries.

Zoomcar allows users to rent cars by the hour, day, week, or month. Headquartered in Bangalore, Zoomcar employs over 300 people and operates in 50+ cities across India.

In 2020, Zoomcar launched Zoomcar Mobility Services, the Company’s enterprise SaaS basedmobility solutions offering covering white-labelled subscription services and IoT based driver behavior monitoring solutions. Zoomcar is the largest car sharing marketplace covering emerging markets