Zoomcar Holdings Sees Increase In Total Revenue In FY24 Of About $1.2M, From $8.6M In 2023 To $9.8M In 2024; Sees To Report Decline In Net Loss In Fiscal Year Ended 2024 Of About $28M, From $62M In 2023 To $34M In 2024
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8-K - Zoomcar Holdings, Inc. (0001854275) (Filer)
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4 - Zoomcar Holdings, Inc. (0001854275) (Issuer)
4 - Zoomcar Holdings, Inc. (0001854275) (Issuer)
Adjusted EBITDA losses reduce ~54% YoY; company delivers strong operating leverage with stable revenue baseBENGALURU, India, April 16, 2026 /PRNewswire/ -- Zoomcar Holdings, Inc. (OTCQB:ZCAR), India's largest peer-to-peer car-sharing marketplace, today announced preliminary, unaudited financials for the fiscal year ended March 31, 2026, signaling a significant step-change in profitability. The company expects its net loss to decline by approximately 70% year-over-year, alongside an estimated 54% reduction in Adjusted EBITDA losses, reflecting strong operating leverage across the business, while maintaining a stable topline. This underscores Zoomcar's ability to drive margin expansion through
Bengaluru, India, April 15, 2026 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc. (OTCQB:ZCAR) (the "Company"), the leading peer-to-peer self-drive car-sharing marketplace in India, today announced that it is extending the expiration date of its previously announced offer to exchange (the "Offer to Exchange") certain outstanding warrants for shares of the Company's common stock. The Offer to Exchange, which was previously scheduled to expire at 5:00 p.m., Eastern Time, on April 15, 2026, has been extended and will now expire at 5:00 p.m., Eastern Time, on May 11, 2026, unless further extended by the Company. The Company is extending the Offer to Exchange to provide additional time for holders
Contribution margin reaches ~ $20 per booking in January 2026, the highest in company history, based on preliminary internal estimates (unaudited and unreviewed)BANGALORE, India, April 8, 2026 /PRNewswire/ -- Zoomcar Holdings, Inc. (OTCQB:ZCAR), India's largest peer-to-peer car-sharing marketplace, today announced a 38% quarter-on-quarter reduction in fraud and theft incidents, driven by its AI-powered risk engine, 'Fraud Shield,' marking a key step in the company's ongoing margin expansion. The company reduced fraud incidents from 94 in the October–December 2025 quarter to 59 in January–March 2026, driven by the scale-up of real-time, AI-led decisioning at the booking stage. In March, appro
4 - Zoomcar Holdings, Inc. (0001854275) (Issuer)
4 - Zoomcar Holdings, Inc. (0001854275) (Issuer)
4 - Zoomcar Holdings, Inc. (0001854275) (Issuer)
BANGALORE, India, May 12, 2025 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (OTCQX:ZCAR), the leading marketplace for self-drive car sharing in India, today announced the appointment of Mr. Deepankar Tiwari as its Chief Executive Officer, effective May 9, 2025. This change in leadership sets the stage for Zoomcar to deepen its market presence while driving strategic initiatives and elevating the user experience. Mr. Tiwari brings over 25 years of leadership experience in the automotive and mobility sectors. He spent more than two decades with the Tata Group, serving in various leadership roles within Tata Motors' Passenger Vehicle division, and later at Tata Sons, the
BENGALURU, India, March 31, 2025 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ:ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, announced today the appointment of Uri Levine, co-founder of Waze and Moovit, as Chairman of its Board of Directors, effective today March 31, 2025. This strategic move signals Zoomcar's renewed focus on driving rapid expansion, leveraging Mr. Levine's unparalleled expertise in revolutionizing mobility. Mohan Ananda, current Chairman, will remain an active member of the Board and will assume the title of Chairman Emeritus upon this transition. Mr. Levine, a globally recognized visionary in the mobility technolog
BENGALURU, India, March 27, 2024 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ:ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, has partnered with ACKO Drive, a car buying platform by ACKO, to empower local Zoomcar Hosts to expand their car fleet. With this partnership, ACKO Drive is offering Zoomcar Hosts substantial savings of up to INR 85,000 on new car purchases along with attractive offers on car financing with instant loan approval, express car delivery and more. This partnership allows Hosts to expand their business presence and significantly increase their earnings. The demand for car sharing in the Indian travel l
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. We achieved record non-GAAP gross profit and contribution profit, while also laying the groundwork for substantial revenue growth in the coming quarters," stated Hiroshi Nishijima, CEO of Zoomcar. "This period also marked a significant milestone with the third consecutive quarter of contribution pr
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