Financial Performance - Zoomcar recorded a Contribution Profit of $425 million for the year ended March 31, 2025, compared to a loss of $098 million in the previous year[8] - The company's Contribution Profit as a percentage of Revenue was 47% in FY 2025, a significant improvement from -10% in FY 2024[19, 25] - Zoomcar's Loss from Operations improved by 67%, from -$3167 million in FY 2024 to -$1040 million in FY 2025[19] - Adjusted EBITDA improved by 44%, from -$1785 million in FY 2024 to -$991 million in FY 2025[19, 27] Operational Metrics - Total Bookings increased by 10%, from 387,821 in FY 2024 to 426,788 in FY 2025[10, 19, 27] - Repeat users increased to 13% in FY 2025, compared to 7% in FY 2024[10, 27] - The share of high-quality hosts (with a rating of 45 or higher) increased to 49% in September 2024, compared to 31% in FY 2024[9, 27] - Gross Booking Value (GBV) decreased by 5%, from $2672 million in FY 2024 to $2528 million in FY 2025[19] Fundraising and Debt Restructuring - Zoomcar raised $165 million in Fiscal Year ending March 31, 2025, primarily used for debt repayment and funding growth[16] - The company is in the process of raising additional capital in Fiscal Year ending March 31, 2026, and continues to restructure existing debt to reduce the burden on the balance sheet[16]

Core Insights - Zoomcar achieved a record contribution profit of $4.25 million, marking a significant turnaround from a loss of $(0.98) million in the previous fiscal year [3][5] - The company reported a sixth consecutive profitable quarter on a contribution basis, indicating strong marketplace fundamentals and improved customer engagement [2][3] Financial Performance - Contribution profit reached an all-time high of $4.25 million, representing 47% of revenue for FY25, compared to a contribution loss of -10% in FY24 [3][16] - Bookings increased by 10% year-over-year, from 387,821 in FY24 to 426,788 in FY25, with a repeat user rate rising by 86% [4] - Cost of revenue decreased by 49%, from $10.33 million in FY24 to $5.30 million in FY25, contributing to a reduction in total costs from $41.57 million to $19.51 million [5] Operational Metrics - Average Guest trip rating improved to 4.70 from 4.16 in the prior year, reflecting enhanced customer experience [6] - High-quality cars (rated 4.5+) increased by 58%, indicating a focus on quality and customer satisfaction [6] Profitability Improvements - Adjusted EBITDA loss improved by 44%, narrowing from $(17.85) million to $(9.91) million [7] - Loss from operations significantly decreased by 205%, from $(31.67) million in FY24 to $(10.40) million in FY25 [7] Strategic Initiatives - Zoomcar launched advanced vehicle inspection and GPS safety protocols to enhance quality and transparency [8] - The company is rolling out new B2B tools for fleet operators and adopting AI-led support to improve platform efficiency [8]

Core Viewpoint - Zoomcar Holdings, Inc. is set to report its financial and operating results for the fiscal year ending March 31, 2025, on June 30, 2025, before market opening [1] Company Overview - Founded in 2013 and headquartered in Bengaluru, Zoomcar is India's leading car-sharing marketplace, focusing on redefining urban mobility through technology and community [4] - The company connects hosts with guests, providing flexible and affordable access to cars while promoting sustainable and efficient transportation across India [4] Upcoming Events - Company management will host a live Zoom Webinar on June 30, 2025, at 8:00 am Eastern Time to discuss financial results and corporate updates [2] - A link to the webinar will be available on the company's investor relations website prior to the event, and a replay will be accessible afterward [2] Investor Engagement - Investors and analysts can submit questions to management via email by 10:00 am ET on June 27, 2025 [3]

Core Insights - The partnership between Zoomcar and Wego aims to provide seamless access to self-drive rentals for travelers in India, addressing the current challenges in global tourism such as rising airfares and tariff tensions [1][2][4] - The collaboration is timely as travelers are increasingly seeking cost-effective and flexible travel options, with India emerging as a high-value destination due to its expanding infrastructure and favorable exchange rates [2][4] Company Overview - Zoomcar, founded in 2013 and headquartered in Bengaluru, India, is a leading marketplace for self-drive car sharing, promoting sustainable transportation solutions [6] - Wego, established in 2005, is the number one travel app in the MENA region, providing a platform for travelers to compare and book travel products efficiently [7][10] Market Trends - There is a significant shift in travel preferences, with a reported 40% year-over-year increase in travel interest from GCC countries to India, driven by family travel, medical tourism, and the digital nomad movement [3] - Travelers are increasingly valuing autonomy and privacy, leading to a rise in self-drive rentals for longer itineraries during vacations and long weekends [3][4] Partnership Benefits - The partnership allows Wego users to book from over 25,000 self-drive cars across 99 cities in India, enhancing the travel experience by providing greater convenience and control [9] - This collaboration supports the mission of both companies to improve the traveler's journey from flight and accommodation to local mobility [4]

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 automoti ...

Core Points - Zoomcar Holdings, Inc. is transitioning its common shares and warrants from Nasdaq Global Markets to OTCQX Best Market and OTCQB Venture Market, respectively, under the ticker symbols "ZCAR" and "ZCARW" [1] - The transition to OTCQX is expected to ensure continuity in trading and support Zoomcar's mission of providing affordable and flexible transportation solutions [2] - Zoomcar aims to list on a national exchange in the U.S. later this year [2] Company Overview - Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for self-drive car sharing in India [3] - The platform connects Hosts with Guests, offering a selection of cars at affordable prices, promoting sustainable transportation solutions [3]

Core Insights - Zoomcar Holdings, Inc. has launched Zoomcar Vouchers to allow users to prepay for future trips, aiming to enhance user retention and encourage repeat bookings [1][2] - The company reports a doubling of the repeat booking rate, with repeat user bookings now surpassing those from new users [1] - CEO Hiroshi Nishijima emphasizes the importance of building trust and long-term relationships with customers to ensure sustainable business growth [2] Company Overview - Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for car sharing, connecting Hosts with Guests for affordable car rentals [3] - The company focuses on promoting sustainable transportation solutions within India [3] Business Strategy - The introduction of Zoomcar Vouchers is part of a strategy to provide users with greater flexibility in travel planning and to deepen customer relationships [2] - The company remains unaffected by US tariffs due to its India-first operating model and commitment to domestic mobility solutions [2] - Zoomcar is optimistic about its growth plans for Fiscal 2025 and beyond, positioning itself to capture opportunities in the Indian car-sharing market [2]

Core Insights - Zoomcar Holdings, Inc. has appointed Uri Levine, co-founder of Waze and Moovit, as Chairman of its Board of Directors, effective March 31, 2025, indicating a strategic focus on rapid expansion in the mobility sector [1][2][3] - Levine's extensive experience in mobility technology and user-centric strategies is expected to enhance Zoomcar's growth trajectory, particularly in the Indian market [2][3][4] Company Overview - Zoomcar, founded in 2013 and headquartered in Bengaluru, India, is a leading marketplace for self-drive car sharing, connecting Hosts with Guests for affordable car rentals [6] - The company aims to promote sustainable and smart transportation solutions in India, capitalizing on the increasing demand for flexible mobility options [3][4] Leadership Transition - Mohan Ananda, the current Chairman, will transition to Chairman Emeritus while remaining an active board member, ensuring continuity in leadership [1][3] - Uri Levine's role will include strategic oversight and mentorship, focusing on driving growth initiatives and enhancing user experience [4] Market Potential - The appointment of Levine is anticipated to strengthen Zoomcar's strategic direction and operational optimization, allowing the company to capture the vast potential of the Indian market [3][4] - Levine's previous successes with Waze and Moovit, which have millions of active users globally, highlight his capability to scale innovative mobility solutions [5]

Core Viewpoint - Zoomcar Holdings, Inc. announced a reverse stock split at a ratio of 1-for-20 to increase the per share trading price and attract institutional investors while maintaining compliance with Nasdaq listing requirements [1][4]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on March 21, 2025, with trading on a split-adjusted basis starting March 24, 2025 [1]. - The number of issued and outstanding shares will decrease from approximately 14,208,606 to about 710,431 shares [3]. - The par value per share will remain unchanged, and adjustments will be made to stock options and equity incentive plans accordingly [3]. Group 2: Approval Process - Stockholders approved the reverse stock split proposal at a special meeting on February 18, 2025, with the final ratio determined by the Board of Directors [2]. - The Board approved the 1-for-20 reverse stock split on March 9, 2025 [2]. Group 3: Company Overview - Zoomcar, founded in 2013 and headquartered in Bengaluru, India, is a leading marketplace for self-drive car sharing, promoting sustainable transportation solutions [6].

Core Insights - The interviews with Hiroshi Nishijima, CEO of Zoomcar, highlight the company's transformation from an asset-heavy model to a leading car-sharing marketplace in India [2][3] - Nishijima emphasizes the role of technology and AI in shaping the future of Zoomcar, focusing on supply growth and strong unit economics for profitability [2] - The discussions also cover the strategic priorities for growth and the evolving landscape of mobility and technology, positioning Zoomcar favorably in this context [3] Company Overview - Zoomcar, founded in 2013 and headquartered in Bengaluru, India, is a prominent marketplace for car sharing, connecting Hosts with Guests for affordable transportation solutions [4]