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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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
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
SC 13G - Zoomcar Holdings, Inc. (0001854275) (Subject)
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
10-Q - Zoomcar Holdings, Inc. (0001854275) (Filer)
8-K - Zoomcar Holdings, Inc. (0001854275) (Filer)
8-K - Zoomcar Holdings, Inc. (0001854275) (Filer)
3 - Zoomcar Holdings, Inc. (0001854275) (Issuer)
3 - Zoomcar Holdings, Inc. (0001854275) (Issuer)
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