India has over 20 million people traveling between cities on a daily basis with a majority of 55% using intercity buses.
Turo lists 450,000 vehicles available for its user base of more than 14 million.
The car rental service will start out in Hainan and may be expanded later to other tourist destinations and large cities.
Travel time between the two 2022 Winter Olympics hosts will reduce from current three hours of road journey to 47 minutes of rail time.
Beijing-Shanghai High-Speed Railway plans to sell 6.3 billion new shares, or 12.8% of enlarged capital, through the listing in Shanghai.
Most users of overseas car rentals were from the US, Australia, the UK and across Asia.
passengers can board the train by simply scanning their ID cards or QR codes on their mobile phones before the 2020 Spring Festival travel rush.
Zoomcar’s co-founder and CEO said that the company was looking to raise $500 Mn to entry into the unicorn club.
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