How Greg Moran’s 12-year drive with Zoomcar ended amid fresh funding

Synopsis
The remaining co-founder of Zoomcar left the self-drive car rental startup last week. The Nasdaq-listed company said in a filing that the company CEO, Greg Moran, was terminated from his role. He displayed amazing fundraising abilities, but the company fell from one trouble to another during most of his stint.

After a disastrous Nasdaq listing that saw 98% of the company’s value being eroded within six months, Zoomcar co-founder and CEO Greg Moran has left the app-based peer-to-peer car-rental marketplace. His departure coincided with a fresh investment of USD3 million in Zoomcar. “On June 20, 2024, Greg Moran, the company’s chief executive officer, was terminated from his role,” Zoomcar said in a filing with the US Securities Exchange Commission