Zoomcar to foray into new markets globally

Bangalore-based car sharing company, Zoomcar announced its foray to new international markets. The company has expanded to South-east Asia and the Middle East as well as appointed country heads in the Philippines and Egypt to help scale up business.

Hany Olama will lead Zoomcar’s operations in Egypt as Vice President & Country Head and Gene Angelo Ferrer joins Zoomcar as Vice President and Country Head for expansion in Philippines. 

Speaking on the new appointments and expansion plans, Greg Moran, CEO & Co-Founder Zoomcar said, “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. Places like Philippines and Egypt have low levels of vehicle ownership but large, upwardly mobile populations and it’s the perfect opportunity for us to leverage because there’s simply no vehicle accessibility and affordability is a huge constraint. Egypt and the Philippines will be a benchmark for us to expand into other countries in South-east Asia and MENA."