Car manufacturer Mahindra & Mahindra is leading a $40 million investment in on-demand car rental service Zoomcar.
The India-based service has also retained the interest of the Ford Motor Company, which has returned for a second round after participating in an earlier investment.
The new Series C round brings the total amount raised by the five-year-old company to more than $100 million.
The Mahindra deal will give the fellow Indian company a 16% stake in the business and follows a partnership inked in 2017 to introduce its electric vehicles to the Zoomcar fleet.
The investment will be used specifically with the development of electric cars as part of the "shared-mobility" movement in the country.
Zoomcar allows users to rent vehicles by hour, day, week or month, with two-wheeled vehicles available in half-hour slots.
Its Zap service works on the same basis but for private vehicles.
Previous rounds include a $8 million Series A from Sequoia Capital in late-2014 - a deal which saw the investment giant return again just eight months later for an additional $11 million venture round alongside Empire Angels.
The company caught the interest of Ford's Smart Mobility division in July 2016 through a $24 million Series (it was later topped up by a $15 million through Cyber Carrier).
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