Drivezy has confirmed it is in the process of raising $100 million funding as it looks to expand into new markets, including the United States.
The India-based car-sharing service has not named the investor roster as yet, only that it is likely to include backers from Japan and is hoping for participation from others in the U.S., Singapore and China.
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The round will bring its total to-date in the region of £250 million, through a combination of debt financing and a recent round in late-2018 of $20 million.
Drivezy hopes to secure asset financing of $400 million during the course of the new capital round, the company says.
The company claims it is currently booking 53,000 cars each month, up from 37,000 in late-2018.
The U.S. is the next big market that Drivezy wants to launch in, beginning with a pilot program in April.
Other Asian countries are expected to follow, such as Indonesia, Singapore and Thailand.
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