Zoomcar Holdings(US:ZCAR) Prnewswire·2026-02-17 12:00Core Insights - Zoomcar achieved a record contribution profit of $1.38 million in Q3 FY25-26, marking its ninth consecutive quarter of positive contribution profit with a margin of 58% [1] - The company reported a significant improvement in adjusted EBITDA loss, narrowing by 74% year-over-year to $(0.83) million, and a 91% reduction in net loss attributable to shareholders to $(0.72) million [1] Financial Performance - Contribution profit per booking increased by 14% to $14.10, up from $12.39 in the same quarter last year [1] - Gross booking value (GBV) reached $6.60 million, reflecting a 1% year-over-year growth, with repeat users accounting for 58% of bookings [1] - The net loss attributable to shareholders improved to $(0.72) million from $(7.92) million in the prior year [1] Market Position and Strategy - The company is well-positioned to capitalize on the shift in consumer preferences from ownership to access in India's peer-to-peer mobility market [1] - Zoomcar anticipates a significant expansion of its total addressable market (TAM) from 18.5 million users in 2025 to 65 million users by 2031, driven by low car penetration and increasing digital adoption [1] Fundraising and Capital Structure - Zoomcar is in the process of raising additional capital through a private placement bridge financing, targeting a minimum raise of $2 million and up to $10 million [1] - The company is also evaluating a potential uplisting to a U.S. national securities exchange and restructuring existing debt obligations to enhance its balance sheet [1]