3 - Zoomcar Holdings, Inc. (0001854275) (Issuer)

3 - Zoomcar Holdings, Inc. (0001854275) (Issuer)

SC 13G - Zoomcar Holdings, Inc. (0001854275) (Subject)

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 currently operates on an hourly pricing model, optimized for short-term bookings of less than seven days. After seeing a strong demand from Guests, Zoomcar Subscription was launched to offer a daily pri

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. This focus has allowed us to optimize costs, particularly in marketing spend, cash incentives, and discounts, driving a significant improvement in our contribution profit. With a stronger contribution margin, our primary goal is now to grow the number of bookings by bringing in mo

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. The Company used the net proceeds from the private placement to repay approximately $3.8 million of outstanding indebtedness to certain institutional investors and intends to use the remainder for general c

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. The Company intends to use the net proceeds from the private placement to repay approximately $3.6 million of outstanding indebtedness to certain institutional creditors and for general corporate purposes and working capital. In connection with the private placemen

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. In a key initiative, Zoomcar has also launched a dedicated team called Host Success Team, to assist new Hosts in onboarding their vehicles and optimising earnings. This specialised team guides Hosts through every stage of the

BANGALORE, India, Oct. 28, 2024 (GLOBE NEWSWIRE) -- 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. The ThinkEquity Conference gathers institutional investors, corporate clients, and other industry professionals to highlight groundbreaking innovations and financial strategies. Hiroshi Nishijima, Interim CEO of Zoomcar and Uri Levine, Strategic and Financial Advisor at Zoomcar will be presenting at 08.00 am ET on October 30th. Hiroshi and Uri will also be holding one-

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. The Company management will host a live Zoom Webinar at 11.30 am Eastern Time (US) on Thursday, November 14, 2024 to discuss the financial results and provide corporate updates. A link to the call will be posted on the Company's investor relations website at investor-relatio

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. As part of this Strategic Advisory agreement, Mr. Levine has the opportunity, pending Board approval to return as Chairman of Zoomcar. "I'm thrilled to be back," said Uri Levine. "I am honore

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. These debts have been either converted into a deferred payment schedule of up to 24 months or reduced payout of up to half the outstanding amount in a short term. The company expects

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. The meeting will reconvene virtually at 10:00 AM ET. The adjournment will allow additional time for stockholders to cast their votes on the proposals outlined in the proxy materials. As described in the proxy materials previously distributed, stockholders a