Industry Overview - The transportation landscape in India is evolving with peer-to-peer car sharing models transforming the future of mobility, making self-drive accessible without the need for large fleets [1] - The "asset-light model" is considered game-changing for the mobility market in India, enabling sustainable and cost-efficient transportation options [1] Company Insights - Zoomcar Holdings, Inc. is a leading marketplace for self-drive car sharing, allowing vehicle owners to connect with users seeking rental vehicles, similar to the Airbnb model [2] - The asset-light strategy employed by Zoomcar minimizes capital expenditures, allowing for organic growth in supply while optimizing operational costs and enhancing sustainability [2] - Founded in 2013 and headquartered in Bengaluru, India, Zoomcar promotes sustainable and smart transportation solutions by connecting Hosts with Guests for affordable car rentals [3]

Financial Data and Key Metrics Changes - The company achieved a 19% year-over-year growth in bookings, totaling 103,599 bookings for the quarter ended 12/31/2024 [18] - Revenue increased by 1% from $2,420,000 to approximately $2,450,000, while contribution profit rose significantly from $210,000 to about $1,280,000, marking the fifth consecutive quarter of positive contribution profit [19][20] - Adjusted EBITDA loss improved from $10,170,000 to a loss of $3,150,000, and loss from operations improved from $11,680,000 to a loss of $3,240,000 [20] Business Line Data and Key Metrics Changes - The number of active high-quality cars increased from 5,830 to 7,247, and the average guest trip rating improved from 4.16 to 4.7 [19] - The percentage of repeat users doubled from 6% to 12% during the quarter [13] Market Data and Key Metrics Changes - The company operates in a market where only one in ten households can afford vehicles, indicating a significant opportunity for growth in car sharing [11] - Digital penetration is high in India, with over 1 billion mobile phones connected to the Internet, which supports the potential for car sharing services [11] Company Strategy and Development Direction - The company is focused on enhancing customer experience for both guests and hosts, which is expected to drive growth and improve cash flows through cost optimization and debt restructuring [26][28] - Initiatives include increasing supply through partnerships and improving customer support capacity, which are critical for driving bookings and retention [13][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for car sharing services in India and the company's ability to optimize costs while improving customer experience [4][10] - The company is committed to addressing compliance issues with Nasdaq and is making significant progress towards regaining compliance [25] Other Important Information - The company raised a total of $15 million in funding between November and December 2024, with an additional $3 million raised in January 2025 [15][22] - The company is exploring various options for debt restructuring to reduce the burden on its balance sheet and improve financial sustainability [23][16] Q&A Session Summary Question: Can you please provide more details about the fundraising process and debt restructuring? - The company raised $15 million in late 2024 and an additional $3 million in January 2025, with plans to continue raising funds to support growth initiatives and pay down restructured debt [22][23] Question: Please provide us with an update on your NASDAQ listing status. - The company is working to regain compliance with Nasdaq rules and has received notification to transition to Nasdaq Capital Markets by 02/19/2025 [25] Question: What are management's near-term priorities for the business? - Management is prioritizing growth by improving customer experience and increasing supply, which will drive bookings and revenue while optimizing costs [26][28]

Company Overview - Zoomcar is a leading marketplace for self-drive car sharing, founded in 2013 and headquartered in Bengaluru, India [4] - The company connects Hosts with Guests, offering a selection of cars for affordable use, promoting sustainable transportation solutions in India [4] Upcoming Stockholder Meeting - Zoomcar will hold a Stockholder Meeting on February 18, 2025, starting at 12:00 PM EST, which will be conducted virtually [1] - Stockholders as of December 30, 2024, are entitled to participate and are encouraged to exercise their voting rights [2] - Voting can be done prior to the meeting via www.proxyvote.com or during the meeting through a virtual platform [2]

Earnings Announcement and Webinar - Zoomcar Holdings Inc plans to report its financial and operating results for the third quarter ending December 31 2024 before markets open on February 14 2025 [1] - The company will host a live Zoom Webinar at 8 00 am Eastern Time on February 14 2025 to discuss financial results and provide corporate updates [2] - A replay of the webinar along with the earnings press release will be available on the company's investor relations website [2] - Investors and analysts can submit questions to management by email by 10 00 am ET on February 10 2025 [3] Company Overview - Zoomcar is a leading marketplace for car sharing focused in India founded in 2013 and headquartered in Bengaluru [4] - The company connects Hosts with Guests who choose from a selection of cars for use at affordable prices promoting sustainable smart transportation solutions in India [4]

Group 1 - Zoomcar Holdings, Inc. is a leading marketplace for self-drive car sharing, listed on NASDAQ under the ticker ZCAR [1][3] - The CEO, Hiroshi Nishijima, will present a corporate overview at the Dealflow Events MicroCap Conference 2025, scheduled from January 28 to 30, 2025 [1][2] - The presentation will take place on January 30 at 9:30 AM ET, with opportunities for one-on-one meetings with registered investors [2] Group 2 - Zoomcar was founded in 2013 and is headquartered in Bengaluru, India, focusing on car sharing solutions [3] - The platform connects Hosts with Guests, offering a selection of cars at affordable prices, promoting sustainable transportation in India [3]

Core Insights - Zoomcar Holdings, Inc. achieved its highest-ever unaudited contribution profit of $494,506 in December 2024, covering operational costs in India, indicating strong operational performance and commitment to sustainable growth [1][2] - There was a 17% increase in bookings in December 2024 compared to December 2023, reflecting growing consumer demand and the appeal of Zoomcar's platform [2] - The company reported a significant financial turnaround, with a contribution profit of $0.46 million (20%) in the first fiscal quarter of 2024-25, up from a loss of $1.2 million (-45%) in the same quarter of the previous year [5] - In the second fiscal quarter of 2024-25, Zoomcar recorded a contribution profit of $1.21 million (54% of revenue), a notable improvement from a loss of $0.12 million (-5%) in the prior year [5] Financial Performance - December 2024 marked a record monthly contribution profit, continuing a trend of four consecutive quarters of improvement in contribution profits [5] - The company emphasizes a focus on customer experience, which has driven repeat bookings and strengthened host retention while minimizing marketing expenses [2] - The financial results are based on provisional estimates and are subject to revision until the full financial results for the third quarter of the fiscal year 2024-2025 are reported [3]

Company Overview - Zoomcar is a leading car-sharing marketplace in India, founded in 2013 and headquartered in Bengaluru, focusing on connecting Hosts with Guests for affordable car rentals [6] Website Enhancements - The company has upgraded its website to cater to a broader audience, integrating new sections for offers, curated car lists, and guest stories, along with city pages to enhance the booking experience [1] - The website features a fresh design, updated color scheme, and a cleaner homepage for improved navigation [1] Growth and Performance - Zoomcar reported a remarkable 43% year-on-year growth in bookings for November, primarily driven by increased demand during the wedding season, which has been one of the strongest in recent years [4] - The company has consistently reported significant profitability improvements over the last two quarterly reports, aligning its services with customer feedback to enhance the travel experience [5] Strategic Focus - The CEO emphasized the company's commitment to providing hassle-free travel experiences and the importance of evolving to meet customer needs [2] - Zoomcar aims to broaden and diversify its booking channels to capture greater market potential, especially with the upcoming holiday season [4]

BENGALURU, India, Dec. 20, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), India's leading car-sharing marketplace, has announced the launch of Zoomcar Cabs, as a pilot in Bengaluru, that provides commercial cars with professional drivers at the best prices. Expanding beyond its successful self-drive offerings, this expansion into chauffeur-driven services marks Zoomcar's commitment to diversifying its offerings and enhancing customer experiences.Zoomcar Cabs stems f ...

Core Insights - Zoomcar Holdings, Inc. has launched a new service called Zoomcar Subscription, aimed at providing affordable long-term car sharing options in India [1][5] - The service allows Guests to book self-drive cars for periods ranging from a minimum of 7 days to over 30 days, with progressively lower daily rates for longer bookings [1][2] - The introduction of Zoomcar Subscription is a response to strong demand for flexible and cost-effective car rental solutions [2][4] Company Overview - Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for car sharing, connecting Hosts with Guests [6] - The company promotes sustainable transportation solutions and offers a selection of cars at affordable prices [6] Service Features - Zoomcar Subscription offers a seamless booking process, allowing Guests to customize their subscription packages and access a quality selection of trusted cars [3] - The service includes competitive pricing, easy pick-up and return, and no restrictions on hours or kilometers per day, differentiating it from other market options [3][4] - It caters to various needs, such as relocation, business trips, or daily commutes, providing the convenience of a personal vehicle at a cost often lower than daily cab services [4] Customer Support Enhancements - The company has doubled its customer support team to improve assistance for both Guests and Hosts, reinforcing its commitment to enhancing guest satisfaction [5]

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, ...