Zoomcar appoints Rajesh Bysani as chief product officer

Prior to Zoomcar, Rajesh Bysani worked with mobile payment service provider FreeCharge and online bus ticketing platform redBus


Zoomcar expects the marketplace model to account for about three-fourths of its fleet by early 2017. Photo: Mint
Zoomcar expects the marketplace model to account for about three-fourths of its fleet by early 2017. Photo: Mint

Bengaluru: Self-drive car rental start-up Zoomcar has named Rajesh Bysani as chief product officer, the company said in a statement on Monday.

Bysani comes to Zoomcar from mobile payment service provider FreeCharge, where he led the product and growth verticals. Prior to FreeCharge, Bysani worked with online bus ticketing platform redBus as assistant vice-president, products.

“Our goal is to become the most trusted, efficient and flexible self-drive car rental platform in India. Robust product and technology innovation is critical for us to achieve that objective,” Zoomcar chief executive and co-founder Greg Moran said in a statement.

“Our overall customer experience is one of the key verticals of our technology infrastructure and we are looking at strengthening it further. Rajesh comes with best-in-class product and technology leadership experience, global exposure and an entrepreneurial mindset. This is a unique mix and one that blends seamlessly with the work environment and culture at Zoomcar,” he added.

The appointment comes close on the heels of Zoomcar raising $24 million in a Series B funding round led by Ford Smart Mobility Llc, a unit of Ford Motor Co., and existing investors Sequoia Capital, Nokia Growth Partners and Empire Angels.

The company had raised $21 million, in two tranches between October 2014 and July 2015, from Sequoia Capital, Empire Angels, T.V. Mohandas Pai (chairman of Manipal Global Education) and Abhay Jain (adviser at Manipal Group), among others.

The company initially owned the entire fleet of cars available on its platform. However, in April, the company launched the Zoomcar Associate Program (ZAP), essentially allowing private car owners to make their vehicles available on Zoomcar.

Zoomcar expects the marketplace model to account for about three-fourths of its fleet by early 2017. The company aims to expand its fleet size from the current 2,200 to more than 25,000 by 2018.

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