Leadership Update (May 2025): Greg Moran, co-founder and original CEO of Zoomcar, was terminated in June 2024. Hiroshi Nishijima served as interim CEO from June 2024 to May 2025. Deepankar Tiwari was appointed CEO effective May 9, 2025, and currently leads the company. This profile covers the full history of Zoomcar leadership including co-founder Greg Moran’s tenure.
Zoomcar, India’s pioneering self-drive car-sharing platform, was co-founded in 2013 by Greg Moran and David Back in Bangalore. After a decade under Moran’s leadership, the company went through two CEO transitions — first to Hiroshi Nishijima and now to Deepankar Tiwari, a veteran automotive executive with over 25 years of experience at the Tata Group and Uber. Tiwari now leads Zoomcar Holdings (OTC: ZCAR), which operates a peer-to-peer car-sharing marketplace with 10 million guests and 42,000 cars across 99 cities in India.
Greg Moran – Quick Facts (Founder & Former CEO)
Is Greg Moran Still CEO of Zoomcar?
No. Greg Moran was terminated as Zoomcar CEO on June 20, 2024, after the SEC flagged a major discrepancy between the company’s projected 2023 revenues ($21.6 million) and actual revenues ($8.8 million for the fiscal year ending March 31, 2023). Following his departure, Hiroshi Nishijima — who had joined as COO in 2022 — served as interim CEO until May 2025. Deepankar Tiwari was then appointed CEO effective May 9, 2025, bringing over 25 years of automotive leadership experience from the Tata Group and Uber Technologies.
Moran subsequently took legal action against Zoomcar India in US court, alleging unpaid dues related to his employment agreement.
Deepankar Tiwari – Current Zoomcar CEO
Deepankar Tiwari (age 53 as of 2026) was appointed Chief Executive Officer of Zoomcar Holdings, Inc. on May 9, 2025. He brings a distinguished career spanning over two decades at the Tata Group, where he served in various leadership roles within Tata Motors’ Passenger Vehicle division and at Tata Sons, the group’s holding company. He later led Vehicle Solutions and Business Development for the Asia-Pacific region at Uber Technologies until 2020.
Tiwari had been advising Zoomcar India Private Limited since 2019 and served as a board observer since February 2025 before being elevated to CEO. Chairman Uri Levine praised Tiwari’s “deep industry expertise, strategic mindset, and strong execution capabilities” as making him the ideal leader for Zoomcar’s next chapter.
In addition to his Zoomcar role, Tiwari serves as Managing Director at Area9 Lyceum, Inc., Independent Director at AION-TECH Solutions Ltd., and sits on the Board of Directors at Eto Motors Pvt Ltd.
Greg Moran – Early Life & Education
Greg Moran grew up in the United States and developed an early interest in international affairs and finance. He attended the University of Pennsylvania, where he earned a Bachelor of Arts degree in International Relations in 2007. While at Penn, he studied global markets and geopolitical dynamics that would later inform his entrepreneurial vision in emerging markets.
After several years working in finance and infrastructure, Moran enrolled at the USC Marshall School of Business, completing his MBA in Finance and Entrepreneurship in 2012. During his time at USC, he founded the USC Energy Club, building one of Southern California’s largest energy-focused student organisations.
Education
Career & CEO Role
Before founding Zoomcar, Greg Moran built a career in finance and energy. He started as a Summer Associate at Cerberus Capital Management in 2006, then worked as a Senior Analyst at Fieldstone Private Capital Group from 2007 to 2010. He moved into energy infrastructure as a Financial Analyst at International Power America before consulting independently. A summer associate role at FloDesign Wind Turbine during his MBA rounded out his pre-Zoomcar experience.
Greg Moran Career Timeline
In 2013, Moran co-founded Zoomcar with David Back, a friend from the University of Pennsylvania, launching India’s first organised self-drive car rental platform in Bangalore. Under his 12-year tenure, Moran scaled the company from a two-person startup to a Nasdaq-listed entity (December 2023 via SPAC merger), operating across India and expanding into Southeast Asia and the Middle East. He raised over $140 million in total funding from investors including Sequoia Capital India, Mahindra & Mahindra, and Ford Smart Mobility.
Leadership & Achievements
- Built India’s largest self-drive platform — Grew Zoomcar from zero to 10 million guests and 42,000 cars across 99 cities
- Raised $140+ million in venture funding from marquee investors including Sequoia Capital India, Mahindra & Mahindra, and Ford Smart Mobility
- Led Nasdaq listing via SPAC merger in December 2023 under ticker ZCAR
- Pioneered marketplace model — Transitioned Zoomcar from asset-heavy fleet to asset-light peer-to-peer car-sharing
- International expansion — Extended operations to Egypt, Vietnam, Indonesia, and other markets
- Received backing from strategic automotive investors who validated the self-drive model in India
Personal Life
Greg Moran is an American entrepreneur who spent over a decade living and working in Bangalore, India. He is known for his fondness for piano and golf. Moran and co-founder David Back were friends and classmates at the University of Pennsylvania. During his years in India, Moran developed an appreciation for Indian culture — he has been known to participate in dosa-eating challenges. Specific information about a spouse or children has not been publicly disclosed.
Following his termination, Moran shared on LinkedIn that he was proud of what the team built at Zoomcar and expressed interest in exploring new entrepreneurial opportunities.
Zoomcar CEO Salary & Net Worth
As co-founder of a publicly listed company, Greg Moran’s net worth at the time of his departure was estimated between $5 million and $15 million USD, depending on his equity stake and vesting schedule. Moran’s stake was estimated at 5–10% of Zoomcar at various stages. However, the company’s market capitalization has declined significantly since listing — from its SPAC valuation to under $500,000 as of late 2025.
Current CEO Deepankar Tiwari holds approximately 1,000,000 shares of Zoomcar Holdings (roughly 14.49% ownership stake), valued at approximately $75,000 based on recent OTC trading prices. Detailed compensation figures for Tiwari have not yet been publicly disclosed in SEC filings.
Zoomcar Financial Overview (FY2025–26)
Zoomcar Competitors
Zoomcar operates in the competitive Indian self-drive car rental and shared mobility market. Its key competitors include:
- Revv — Self-drive car rental in India (acquired by Ola)
- Drivezy — Peer-to-peer vehicle sharing platform
- Myles (Carzonrent) — Self-drive car rental and subscription service
- Avis India / Budget Car Rental — International self-drive brands operating in India
- Ola & Uber — Ride-hailing platforms competing for urban mobility spend
- BlaBlaCar — Carpooling platform expanding in India
Contact & Social Media
About Zoomcar
Zoomcar Holdings, Inc. is an Indian car-sharing platform founded in 2013 and headquartered in Bengaluru, Karnataka. Originally operating a fleet-based self-drive car rental model, the company transitioned to an asset-light peer-to-peer marketplace where private car owners list their vehicles for short-term rental. The company went public via SPAC merger on Nasdaq in December 2023, but was delisted in May 2025 due to non-compliance with listing requirements. Shares now trade on OTC Markets under the ticker ZCAR.
Key milestones include:
- 2013: Founded in Bangalore by Greg Moran and David Back
- 2015–2019: Raised $140+ million from Sequoia Capital India, Mahindra & Mahindra, Ford Smart Mobility, and others
- 2023: Listed on Nasdaq via SPAC merger (ticker: ZCAR)
- 2024: CEO Greg Moran terminated; Hiroshi Nishijima appointed interim CEO
- 2025: Deepankar Tiwari appointed CEO; delisted from Nasdaq, moved to OTC
- 2025–26: Nine consecutive profitable quarters (contribution basis); targeting operating profitability
Frequently Asked Questions (FAQ)
Who is the current CEO of Zoomcar?
The current CEO of Zoomcar is Deepankar Tiwari, who was appointed on May 9, 2025. Tiwari brings over 25 years of automotive and mobility experience from the Tata Group and Uber Technologies. He succeeded Hiroshi Nishijima, who served as interim CEO from June 2024 to May 2025.
What happened to Greg Moran, the founder of Zoomcar?
Greg Moran, co-founder and original CEO of Zoomcar, was terminated on June 20, 2024, following SEC scrutiny over discrepancies between projected and actual revenues. He subsequently filed a lawsuit against Zoomcar India in US court over alleged unpaid dues.
What is Greg Moran’s net worth?
At the time of his departure from Zoomcar, Greg Moran’s net worth was estimated at $5–15 million USD, depending on his equity stake and vesting schedule. However, with Zoomcar’s stock price falling sharply since listing, the value of any remaining holdings would have declined substantially.
Is Zoomcar still listed on Nasdaq?
No. Zoomcar was delisted from Nasdaq on May 8, 2025, due to non-compliance with listing requirements. The company’s common stock and warrants now trade on OTC Markets under the ticker ZCAR. Management has stated a goal of re-listing by March 31, 2026.
What is the Zoomcar CEO email address?
For current Zoomcar inquiries, contact the company through its official investor relations page at investor-relations.zoomcar.com or the corporate website at www.zoomcar.com. Greg Moran’s former email was [email protected].
Is Zoomcar profitable?
Zoomcar has reported nine consecutive quarters of positive contribution profit as of Q3 FY25-26 (December 2025), with a record contribution profit of $1.38 million at a 58% margin. The company’s net loss has narrowed by 91% year-over-year, though it has not yet achieved full GAAP profitability.
Article last updated:March 2026March 4, 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including SEC filings, official company press releases, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice. Net worth figures are estimates and may vary by source.