BANGALORE, India, Nov. 5, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, announced a major expansion in its customer support efforts, doubling its customer support team to ensure faster, more efficient assistance for both Hosts and Guests on its platform. This expansion marks a significant step in addressing customer feedback and improving overall service quality.In a key initiative, Zoomcar has also ...

Core Insights - Zoomcar Holdings, Inc. will participate in The ThinkEquity Conference on October 30, 2024, in New York, showcasing its position in the self-drive car sharing market [1] - The conference aims to connect institutional investors, corporate clients, and industry professionals to discuss innovations and financial strategies [1][3] Company Overview - Zoomcar, founded in 2013 and headquartered in Bengaluru, India, is a leading marketplace for car sharing, focusing on affordable and sustainable transportation solutions [4] - The platform connects Hosts with Guests, allowing users to select from a variety of cars [4] Event Details - Hiroshi Nishijima, Interim CEO of Zoomcar, and Uri Levine, Strategic and Financial Advisor, will present at 08:00 am ET on October 30, 2024, and will hold one-on-one investor meetings throughout the day [2] - Interested investors can register for the conference and schedule meetings [2] ThinkEquity Conference Background - ThinkEquity is a boutique investment bank that has facilitated over $50 billion in public and private capital raises, restructurings, and mergers and acquisitions [3] - Previous conferences have featured over 70 company presentations and attracted more than 700 attendees, providing a platform for networking and investment opportunities [3]

Company Overview - Zoomcar Holdings, Inc. 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 Financial Results - Zoomcar plans to report its financial and operating results for the second quarter ending September 30, 2024, before markets open on November 14, 2024 [1] - The financial results will be available on the company's Investor Relations website [1] Live Webinar Details - Company management will host a live Zoom Webinar on November 14, 2024, at 11:30 am Eastern Time to discuss the financial results and provide corporate updates [2] - A link to the webinar will be posted on the company's investor relations website prior to the event [2] Investor Engagement - Investors and analysts can submit questions to management via email by 1:00 pm ET on November 11, 2024 [3]

Core Insights - Zoomcar Holdings, Inc. has achieved a significant milestone in its debt restructuring process aimed at reducing approximately $31 million in debt obligations as of June 30, 2024 [1][2] - The company has negotiated with lenders and vendors to convert about 75% of the immediately payable debt into a deferred payment schedule of up to 24 months or reduced payouts of up to half the outstanding amount [2] - The completion of the debt restructuring is expected by the end of November 2024, which will allow Zoomcar to invest in strategic initiatives for long-term sustainability [2][3] Company Performance - The CEO of Zoomcar emphasized that the company's business fundamentals are strong and that the debt restructuring is a crucial step towards long-term success [3] - The company is focused on sustainable growth and fulfilling financial obligations to maintain trust with partners and customers [3] Market Positioning - Zoomcar is enhancing customer experience, expanding its vehicle fleet, and driving technological innovations to build on its market leadership [4] - With ongoing initiatives and a clear path toward financial stability, Zoomcar believes it is well-positioned to accelerate its growth trajectory [4] Company Background - Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for car sharing in India, connecting Hosts with Guests for affordable car rentals [5]

Company Overview - Zoomcar is a leading marketplace for self-drive car sharing, founded in 2013 and headquartered in Bengaluru, India, promoting sustainable transportation solutions [5] Annual Meeting Update - The Annual Meeting of Stockholders, originally scheduled for September 26, 2024, has been adjourned to October 1, 2024, at 10:00 AM ET [1] - The adjournment allows additional time for stockholders to cast their votes on proposals outlined in the proxy materials [2] Stockholder Participation - Stockholders as of the close of business on July 29, 2024, are entitled to participate in the Annual Stockholders Meeting [2] - Zoomcar encourages stockholders to actively participate and exercise their voting rights, with options to vote prior to or during the meeting [3]

BENGALURU, India, Sept. 17, 2024 /PRNewswire/ -- Zoomcar, Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, announced that it will hold its first Annual Stockholder Meeting on September 26, 2024. The meeting will be held virtually, allowing stockholders to participate from anywhere, beginning at 10:00 AM EST. As described in the proxy materials previously distributed, stockholders as of the close of business on July 29, 2024 ...

BENGALURU, India, Sept. 11, 2024 /PRNewswire/ -- Zoomcar, Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, is thrilled to announce its partnership with Mappls MapmyIndia, India's pioneering and leading deep-tech digital mapping, geospatial software and location-based IoT company. This unique collaboration enables users to seamlessly book a Zoomcar while getting their trips planned with the Mappls app, significantly enhancin ...

BENGALURU, India, Aug. 30, 2024 /PRNewswire/ -- Zoomcar, Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, is thrilled to announce the beta launch of our cutting-edge Generative AI (Gen AI) Assistant, now available to select Hosts. This AI assistant is designed to provide 24/7 support, guiding Hosts through every step of their journey, from seamless onboarding to understanding the platform and safety of their vehicles, and a ...

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Friday. The Dow traded up 0.27% to 40,673.09 while the NASDAQ rose 0.22% to 17,633.18. The S&P 500 also rose, gaining, 0.18% to 5,553.08. Check This Out: More Than $30M Bet On This Stock? Check Out These 3 Stocks Insiders Are Buying Leading and Lagging Sectors Financials shares climbed by 0.6% on Thursday. In trading on Thursday, real estate shares fell by 0.4%. Top Headline The total number of acti ...

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 substant ...