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Zoomcar Announces Launch of Offer to Exchange Outstanding Warrants for Common Stock and Commences up to $5.0 Million Rule 506(c) Bridge Financing Private Placement
Globenewswire· 2026-01-23 22:38
Core Viewpoint - Zoomcar Holdings, Inc. is initiating a voluntary exchange offer for its outstanding warrants in an effort to simplify its capital structure and reduce administrative complexity [4][5] Group 1: Offer to Exchange - The company is offering to exchange various classes of existing warrants for shares of its common stock at specified ratios [3][4] - The exchange is part of a broader strategy to consolidate equity capitalization and reduce the number of outstanding warrant instruments [4] - Holders of existing warrants must tender their warrants according to the procedures outlined in the Schedule TO before the expiration date [6] Group 2: Bridge Financing - The company has launched a bridge financing initiative of up to $5 million, with a minimum offering amount of $2 million, conducted as a private placement [2][9] - The securities in the bridge financing consist of units priced at $1,000 each, including one share of Series A Convertible Preferred Stock and one warrant to purchase common stock [10] - The proceeds from the bridge financing will be used for general corporate purposes, including working capital and funding ongoing operations [12]
Zoomcar Delivers Record Contribution Profit and Revenue Efficiency in December 2025 (Preliminary)
Prnewswire· 2026-01-20 14:19
BENGALURU, India, Jan. 20, 2026 /PRNewswire/ -- Zoomcar Holdings, Inc. (OTCQB: ZCAR), the leading peer-to-peer self-drive car-sharing marketplace in India, announces select operating and financial highlights for the month ended December 31, 2025. Such financial highlights are based on internal preliminary, unaudited and unreviewed financial data. financial measures in the future, it expects to calculate them using a consistent method from period to period. Reconciliations of these non-GAAP financial measure ...
Zoomcar Introduces Trip Protection Supported by Universal Sompo's Contractual Liability Policy
Prnewswire· 2025-11-25 13:00
Hosts enjoy zero repair costs for accidental damage, and guests benefit from a worry-free experience. BENGALURU, India , Nov. 25, 2025 /PRNewswire/ -- Zoomcar (OTCQB: ZCAR), India's leading peer-to- peer car-sharing platform, has announced the launch of Trip Protection cover, supported by Universal Sompo General Insurance through a Contractual Liability Policy. ...
Zoomcar Holdings(ZCAR) - 2026 Q2 - Earnings Call Transcript
2025-11-14 14:02
Financial Data and Key Metrics Changes - Contribution profit for the quarter ended September 30, 2025, was $1.20 million, marking the eighth consecutive positive quarter, with per-booking contribution profit improving by 5% year-on-year to $12.07 [2][3] - Adjusted EBITDA improved by 14% year-over-year, and net loss narrowed to $0.8 million, down from $3.4 million a year ago, representing a significant 76% improvement [3][6] - Revenue for the quarter stood at $2.3 million, reflecting a 2% improvement year-over-year, with contribution margins remaining strong at 52% of reported GAAP revenue [5][9] Business Line Data and Key Metrics Changes - High-quality hosts increased by 46% year-over-year, and repeat users remained consistent at 57%, indicating strong platform stickiness [3][6] - Booking numbers declined marginally by 6%, but gross booking value improved to $6.23 million due to a 22% increase in average booking duration [5][6] Market Data and Key Metrics Changes - The total addressable market for self-drive car-sharing is expected to expand from 18.5 million guests in 2025 to 65 million by 2031, with car ownership in India remaining low at 0.1 cars per household compared to 2.1 in the U.S. [3][4] - With over 1 billion internet users, digital maturity is high, and the contribution margin turnaround from minus $2.5 to plus $12 per booking demonstrates that the model scales profitably [4][10] Company Strategy and Development Direction - The company aims to consolidate its market leadership as the preferred peer-to-peer car-sharing platform, focusing on flexibility over ownership [4][11] - Plans to raise additional capital to fund growth and aim for uplisting by the end of the fiscal year ending March 31, 2026 [7][8] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of maintaining contribution profitability while scaling bookings through organic demand, with a focus on sustainable and responsible growth [6][11] - The company is on track towards operating break-even, with a positive trajectory in adjusted EBITDA and improved operational efficiency [10] Other Important Information - The company has managed to keep total liabilities stable, strengthening its balance sheet and improving liquidity [8] - Non-GAAP measures provide a realistic view of performance, with consistent margins above 50% and narrowing losses every quarter [9] Q&A Session Summary - No specific questions or answers were documented in the provided content, thus this section is not applicable.
Zoomcar Holdings(ZCAR) - 2026 Q2 - Earnings Call Transcript
2025-11-14 14:02
Financial Data and Key Metrics Changes - Contribution profit for the quarter ended September 30, 2025, was $1.20 million, marking the eighth consecutive positive quarter, with per-booking contribution profit improving by 5% year-on-year to $12.07 [2][3] - Adjusted EBITDA improved by 14% year-over-year, and net loss narrowed to $0.8 million, down from $3.4 million a year ago, representing a significant 76% improvement [3][6] - Revenue for the quarter stood at $2.3 million, reflecting a 2% improvement year-over-year, with contribution margins remaining strong at 52% of reported GAAP revenue [5][6] Business Line Data and Key Metrics Changes - High-quality hosts increased by 46% year-over-year, and repeat users remained consistent at 57%, indicating strong platform stickiness [3] - Booking numbers declined marginally by 6%, but gross booking value improved to $6.23 million due to a 22% increase in average booking duration [5] Market Data and Key Metrics Changes - The total addressable market for self-drive car-sharing is expected to expand from 18.5 million guests in 2025 to 65 million by 2031, with car ownership in India remaining low at 0.1 cars per household compared to 2.1 in the U.S. [3][4] - With over 1 billion internet users, digital maturity is high, and the contribution margin turnaround from minus $2.5 to plus $12 per booking demonstrates that the model scales profitably [4] Company Strategy and Development Direction - The company aims to consolidate its market leadership as the preferred peer-to-peer car-sharing platform, focusing on sustainable and responsible growth while maintaining financial stability and long-term shareholder value [4][11] - Plans to raise additional capital to fund growth and aim for uplisting by the end of the fiscal year ending March 31, 2026 [7][8] Management's Comments on Operating Environment and Future Outlook - Management highlighted that the current moment is ideal for accelerating growth due to macro tailwinds, proven profitability, and digital readiness [4] - The company is on track towards operating break-even, with a focus on maintaining contribution profitability before accelerating top-line growth [7][10] Other Important Information - The company has managed to keep total liabilities stable, strengthening its balance sheet and improving liquidity [8] - Non-GAAP measures provide a realistic view of performance, with contribution margins consistently above 50% and losses narrowing every quarter [9] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.
Zoomcar Holdings(ZCAR) - 2026 Q2 - Earnings Call Transcript
2025-11-14 14:00
Financial Data and Key Metrics Changes - Contribution profit for the quarter ended September 30, 2025, was $1.20 million, marking the eighth consecutive positive quarter, with per-booking contribution profit improving by 5% year-on-year to $12.07 [2][3] - Adjusted EBITDA improved by 14% year-over-year, and net loss narrowed to $0.8 million, down from $3.4 million a year ago, representing a significant 76% improvement [3][12] - Revenue for the quarter stood at $2.3 million, reflecting a 2% improvement year-over-year, with contribution margins remaining strong at 52% of reported GAAP revenue [5][10] Business Line Data and Key Metrics Changes - High-quality hosts increased by 46% year-over-year, and repeat users remained consistent at 57%, indicating strong platform stickiness [3] - Booking numbers declined marginally by 6%, but gross booking value improved to $6.23 million due to a 22% increase in average booking duration [5] Market Data and Key Metrics Changes - The total addressable market for self-drive car-sharing is expected to expand from 18.5 million guests in 2025 to 65 million by 2031, with car ownership in India remaining low at 0.1 cars per household compared to 2.1 in the U.S. [3][4] Company Strategy and Development Direction - The company aims to consolidate its market leadership as the preferred peer-to-peer car-sharing platform, focusing on flexibility over ownership [4] - Plans to raise additional capital to fund growth and aim for uplisting by the end of the fiscal year ending March 31, 2026 [8][9] Management's Comments on Operating Environment and Future Outlook - Management highlighted the structural and long-term opportunity in India's mobility market, emphasizing the importance of maintaining contribution profitability while scaling [4][12] - The company is on track towards operating break-even, with a focus on sustainable and responsible growth [11][12] Other Important Information - The company has managed to keep total liabilities stable, strengthening its balance sheet and improving liquidity [9] - Non-GAAP measures provide a clearer view of operational performance, with consistent margins above 50% and narrowing losses [10] Q&A Session Summary - No specific questions or answers were documented in the provided content, indicating a conclusion to the earnings presentation without a Q&A segment [13]
Zoomcar Holdings(ZCAR) - 2026 Q2 - Earnings Call Presentation
2025-11-14 13:00
Forward-Looking Information / Statements Certain statements contained in this presentation are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "plans," "expects," "believes," "anticipates," and similar words are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning our expected revenue growth and improved profitability, and ou ...
Zoomcar Delivers Eighth Consecutive Quarter of Positive Contribution Profit; Net Loss Narrows by 76% Year-over-Year
Prnewswire· 2025-11-14 12:00
Core Insights - Zoomcar Holdings Inc. reported a contribution profit of USD 1.2 million and a 14% year-over-year improvement in adjusted EBITDA for Q2 FY25-26, marking its eighth consecutive quarter of positive contribution profit and progress towards full profitability [1][2][3]. Financial Performance - Contribution profit for the quarter was USD 1.20 million, with per-booking profitability increasing by 5% year-over-year to USD 12.07 [2][7]. - Adjusted EBITDA loss improved by 14% year-over-year, while net loss narrowed by 76% to USD 0.79 million from USD 3.35 million in Q2 FY24-25 [2][7]. - Gross Booking Value reached USD 6.23 million, reflecting a 2% year-over-year increase, achieved without any paid marketing expenditures for the last 18 months [2][7]. Market Position and Growth - The self-drive car-sharing market in India is projected to grow from 18.48 million guests in 2025 to 65 million by 2031, indicating a significant mobility shift [4]. - Zoomcar has established a community of over 10 million guests and 42,000 cars across 99 cities in India since transitioning to a full peer-to-peer model [4][5]. Customer Engagement - The company reported a steady repeat user rate of 56% to 57% year-over-year, indicating strong customer loyalty and engagement [7]. - Active high-quality hosts (rated 4.5+ out of 5) increased by 46% year-over-year, contributing to the platform's growth [7]. Operational Efficiency - Adjusted EBITDA showed a 36% improvement year-to-date for the six months ended September 30, 2025, driven by tighter cost control and operational leverage [7].
Investing in Access, Not Ownership: Zoomcar's India Flywheel Takes Off
Prnewswire· 2025-11-11 14:00
Core Insights - Zoomcar is leading India's peer-to-peer car-sharing market with a profitable, asset-light model and seven consecutive profitable quarters [1][3] - The company operates a digital-first platform that connects vehicle owners and renters, providing a scalable alternative to car ownership for urban populations [2][9] Company Performance - Zoomcar has over 4 million users and has established itself as a trusted mobility brand in India [3] - The company has achieved positive contribution profit for seven consecutive quarters, demonstrating its ability to scale profitably [3] Growth Prospects - Anticipated substantial growth driven by expansion into new verticals and operational efficiencies [4] - Focus on automation and cost discipline is expected to enhance profitability and strengthen margins [4] Business Model - The Host Flywheel mechanism drives growth by attracting new car owners, increasing supply, and enhancing trip availability [5] - AI-powered pricing and risk management systems optimize returns for hosts and ensure reliable access for guests [5][6] Market Context - India's shared mobility market is projected to reach between $50 billion to $60 billion by 2030, influenced by low car ownership and high digital penetration [7] - The shift from ownership to access is reshaping the mobility landscape in India [7] Leadership - The leadership team, including Chairman Uri Levine and CEO Deepankar Tiwari, combines global mobility vision with local execution [8]
Zoomcar Set to Unveil Q2 FY 2025-26 Earnings Call: Key Updates on Growth and Market Strategy
Prnewswire· 2025-11-11 14:00
Core Insights - Zoomcar Holdings, Inc. is set to report its financial and operational results for Q2 FY 2025-26 on November 14, 2025, before market opening [1] - A live Zoom Webinar will be hosted by the company management on the same day at 8:00 am Eastern Time to discuss the results and provide corporate updates [2] - Investors and analysts can submit questions to management via email by November 13, 2025, at 10:00 am ET [3] Company Overview - Founded in 2013 and headquartered in Bengaluru, Zoomcar is India's largest peer-to-peer car-sharing marketplace, connecting vehicle owners with users for self-drive access [4] - The company's mission focuses on promoting smarter, shared mobility that is economically empowering and environmentally sustainable [4] - Zoomcar is positioned to capitalize on India's $50 billion shared mobility opportunity, continuing to grow at a double-digit year-over-year rate [6]