Zoomcar Holdings Inc

Earnings data Q3 2023

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Zoomcar Holdings, Inc. engages in the provision of business of owning and leasing vehicles with an online peer-to-peer car sharing platform which connects hosts with guests. The company was founded in 2013 and is is headquartered in Bangalore, India.

BANGALORE, India , Dec. 26, 2024 /PRNewswire/ -- In a recent survey conducted by Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), India's leading car-sharing marketplace, reported a remarkable 43% year-on-year growth in bookings for November, driven primarily by a surge in demand during the wedding season. This year's wedding season in India has been the strongest in recent years, emerging as one of the biggest contributors to this growth.

Zoomcar Revamps Website Amid 43% Booking Surge in November, Driven by Rising Wedding Demand

BENGALURU, India , Dec. 20, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), India's leading car-sharing marketplace, has announced the launch of Zoomcar Cabs, as a pilot in Bengaluru, that provides commercial cars with professional drivers at the best prices. Expanding beyond its successful self-drive offerings, this expansion into chauffeur-driven services marks Zoomcar's commitment to diversifying its offerings and enhancing customer experiences.

Zoomcar Launches 'Zoomcar Cabs': Affordable Car Rentals with Drivers as a New Offering

BANGALORE, India , Nov. 19, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the leading marketplace for car sharing in India, is excited to introduce Zoomcar Subscription, a new service designed to provide affordable long-term car sharing options. Through this offering, Guests can now book self-drive cars for extended periods, starting with minimum 7 days to more than 30 days, benefiting from progressively lower daily rates for longer durations.

Zoomcar Launches Subscription Model: Drive Longer, Pay Less for More Days

BANGALORE, India , Nov. 14, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. (NASDAQ: ZCAR) ('Zoomcar,' or 'we,' or 'our'), the leading marketplace for car sharing in India, today announced results for its second quarter ended September 30, 2024. Hiroshi Nishijima, CEO of Zoomcar stated,  "By making customer experience our top priority, we've been able to organically boost guest repeat bookings and improve host retention.

Zoomcar Reports Significant Profitability Improvement in its Second Quarter Financial 2024 Results

BANGALORE, India , Nov. 7, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, today announced the closing of a private placement with certain institutional investors. The aggregate gross cash proceeds were $9.15 million, before deducting fees to the placement agent and other offering expenses payable by the Company, and includes a $2.5 million investment by one of the Company's directors.

Zoomcar Announces Closing of $9.15 million Private Placement

BANGALORE, India , Nov. 6, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, today announced the pricing of a private placement with certain institutional investors. The aggregate gross cash proceeds are expected to be $9.15 million, before deducting fees to the placement agent and other offering expenses payable by the Company.

Zoomcar Announces Pricing of $9.15 million Private Placement

BANGALORE, India , Nov. 5, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, announced a major expansion in its customer support efforts, doubling its customer support team to ensure faster, more efficient assistance for both Hosts and Guests on its platform. This expansion marks a significant step in addressing customer feedback and improving overall service quality.

Zoomcar Doubles Customer Support Team To Enhance Guest and Host Experience

Bangalore, India, October 28, 2024 – PRISM MediaWire – Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (Nasdaq: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, today announced that it will be participating in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York.

Zoomcar to Present at the 2024 ThinkEquity Conference

BANGALORE, India , Oct. 28, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, plans to report its financial and operating results for the second quarter ending September 30, 2024 before markets open on November 14, 2024. The Company will post the release on its Investor Relations website investor-relations.zoomcar.com.

Zoomcar to Announce Second Quarter 2024 Financial Results on 14 November 2024

BENGALURU, India , Oct. 22, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, welcomes back Waze Co-Founder Uri Levine as the Strategic and Financial Advisor. Mr. Levine served as Zoomcar's Chairman of the Board from 2021 to 2023, prior to its public listing, and will now provide strategic oversight to the Zoomcar team with a strong focus on problem solving, operational excellence, and capital growth.

Waze Co-founder and former Infosys board member, Uri Levine, Returns to Zoomcar in Strategic Advisory Role

BENGALURU, India , Oct. 16, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, hit a major milestone in the debt restructuring process that is aimed at reducing the company's debt obligations of approximately $31 MM out of the total outstanding debt ("debt" and "payables") as on June 30, 2024. Zoomcar has successfully negotiated with lenders and vendors who approximately owe 75% of the immediately payable debt.

Zoomcar Announces Debt Restructuring Amidst Continued Growth and Leadership Focus on Financial Stability

BENGALURU, India , Sept. 27, 2024 /PRNewswire/ -- Zoomcar, Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, announced that the Annual Meeting of Stockholders, previously scheduled for September 26, 2024, has been adjourned to October 1, 2024.

Zoomcar, Inc. Announces Adjournment of Annual Stockholders Meeting to October 1, 2024

BENGALURU, India , Sept. 17, 2024 /PRNewswire/ -- Zoomcar, Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, announced that it will hold its first Annual Stockholder Meeting on September 26, 2024.

Zoomcar Announces First Annual Stockholder Meeting 2024

BENGALURU, India , Sept. 11, 2024 /PRNewswire/ -- Zoomcar, Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, is thrilled to announce its partnership with Mappls MapmyIndia, India's pioneering and leading deep-tech digital mapping, geospatial software and location-based IoT company.

Zoomcar Partners with Mappls to Revolutionize Road Trips and Travel with AI-Powered Integration

BENGALURU, India , Aug. 30, 2024 /PRNewswire/ -- Zoomcar, Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, is thrilled to announce the beta launch of our cutting-edge Generative AI (Gen AI) Assistant, now available to select Hosts. This AI assistant is designed to provide 24/7 support, guiding Hosts through every step of their journey, from seamless onboarding to understanding the platform and safety of their vehicles, and also maximizing their earnings.

Zoomcar Pioneers AI Innovation: Unveils Beta AI Assistant to Enhance Host and Guest Experience

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Friday.

Crude Oil Down 2%; Zoomcar Shares Spike Higher

BENGALURU, India , Aug. 16, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. (NASDAQ: ZCAR) ("Zoomcar," the "Company," "we," or "our"), the leading marketplace for car sharing in emerging markets, today reported select financial results for the first fiscal quarter ended June 30, 2024. Management Commentary "Our first fiscal quarter results reflect a robust performance in our ongoing efficiency efforts.

Zoomcar Reports Robust Performance in its First Quarter 2024 Results

Confirms expansions to 100+ fulfillment centers with 1000+ car additions by December 2024 BENGALURU, India , Aug. 9, 2024 /PRNewswire/ -- Zoomcar, Zoomcar Holdings, Inc. ('Zoomcar' or the 'Company') (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, has successfully launched their first Fulfillment Center in Chennai with plans to add 100+ centers and 1000+ cars by December 2024. These Fulfillment Centers are operated by 3rd party service providers who are verified, trained and guided by Zoomcar.

Zoomcar Successfully Launches First Fulfillment Center in Chennai

BENGALURU, India , Aug. 6, 2024 /PRNewswire/ -- Zoomcar, Zoomcar Holdings, Inc. ('Zoomcar' or the 'Company') (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, has launched a new unified app designed to enhance the car sharing experience for both Guests and Hosts. This app replaces the previous two-app system, streamlining operations and introducing over 10 feature upgrades aimed at boosting platform growth and user satisfaction.

Zoomcar Launches Unified App for Guests and Hosts, Enhancing User Experience and Streamlining Operations

Zoomcar (NASDAQ: ZCAR ) stock is rising higher on Wednesday alongside a couple of pieces of news from the car rental company. First off, traders will note that former Zoomcar president Adarsh Menon has left the company.

Why Is Zoomcar (ZCAR) Stock Up 52% Today?

BANGALORE, India , June 20, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. (NASDAQ: ZCAR) (the "Company"), a marketplace for car sharing in emerging markets, today announces the closing of the purchase and sale of approximately $3.6 million of promissory notes and investor warrants for expected aggregate gross proceeds of $3 million with institutional investors. The offering consisted of the sale of (i) senior non-convertible notes in an aggregate principal amount of $3,600,000 (the "Notes"), and (ii) warrants to purchase approximately 53 million shares of Company common stock with an exercise price of $0.1416 per share (the "Warrants").

Zoomcar Holdings, Inc. Announces Closing of Sale of $3.6 Million Notes Private Placement

This Strategic Partnership Will Provide Competitive Offers for Local Zoomcar Hosts to Purchase Additional Vehicles with Industry-Leading Financing Options This Strategic Partnership Will Provide Competitive Offers for Local Zoomcar Hosts to Purchase Additional Vehicles with Industry-Leading Financing Options

Zoomcar Partners with ACKO Drive; Empowers Local Hosts to Increase Car Fleet on its Car-Sharing Marketplace Platform

Zoomcar (NASDAQ: ZCAR ) stock is heading higher on Tuesday after the company announced a partnership with India-based online travel platform EaseMyTrip. This is a strategic partnership with EaseMyTrip that brings Zoomcar's fleet of 25,000 units to the platform.

Why Is Zoomcar (ZCAR) Stock Up 13% Today?

Partnership Revolutionizes Travel in India, Offering Travelers Convenience and Flexibility in Planning Their Journeys End to End Partnership Revolutionizes Travel in India, Offering Travelers Convenience and Flexibility in Planning Their Journeys End to End

EaseMyTrip Partners With Zoomcar to Provide Pre-Booked and On-Demand Self-Drive Cars in India

BANGALORE, India, March 07, 2024 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc.  (Nasdaq: ZCAR) (“Zoomcar,” the “Company,” “we,” or “our”), the leading marketplace for car sharing in emerging markets, will be attending the 36 th Annual ROTH Conference being held on March 17-19, 2024, at The Ritz Carlton Laguna Niguel in Dana Point California.

News for Zoomcar Holdings Inc Stock (ZCAR)