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]
Zoomcar Introduces Prepaid Vouchers; Confirms Its India-First Operating Model Unaffected by US-India Tariffs