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Zoomcar Announces Closing of Private Placement of Common Stock Warrants
Globenewswire· 2026-02-26 11:07
Core Insights - Zoomcar Holdings, Inc. has successfully closed a private placement of common stock purchase warrants to accredited investors, raising a total of $939 by issuing 939 warrants at $1.00 each, with each warrant exercisable for one share at a nominal price of $6,000 per share [1] Group 1: Private Placement Details - The private placement was initiated on February 19, 2026, and conducted under Section 4(a)(2) of the Securities Act of 1933 and Rule 506(c) of Regulation D [1] - The warrants include customary anti-dilution adjustments for stock splits and dividends, and impose beneficial ownership limitations, restricting holders from exercising warrants if it would result in owning more than 4.99% of the company's outstanding common stock, with an option to increase this limit to 9.99% [2] Group 2: Company Overview - Zoomcar, founded in 2013 and headquartered in Bengaluru, India, is a leading self-drive car-sharing marketplace that connects vehicle hosts with guests, offering a wide selection of vehicles at competitive prices [10]
Zoomcar Delivers Highest-Ever Contribution Profit, Marking Ninth Straight Profitable Quarter; Adjusted EBITDA Loss Improves 74% YoY; Net Loss Narrows 91% YoY
Prnewswire· 2026-02-17 12:00
Zoomcar Delivers Highest-Ever Contribution Profit, Marking Ninth Straight Profitable Quarter; Adjusted EBITDA Loss Improves 74% YoY; Net Loss Narrows 91% YoY [Accessibility Statement] Skip NavigationDelivered $1.38M in contribution profit, with contribution per booking reaching $14.10 in Q3 FY25–26.BENGALURU, India, Feb. 17, 2026 /PRNewswire/ -- Zoomcar Holdings, Inc. (OTCQB: ZCAR) ("Zoomcar" or the "Company"), India's leading peer-to-peer car-sharing marketplace, today announced results for the quarter end ...
US-Listed Zoomcar Targets India's $50 Billion Shared Mobility Opportunity
Prnewswire· 2025-10-29 14:00
Core Insights - Zoomcar Holdings, Inc. is experiencing double-digit year-over-year growth as it leads the shift from car ownership to shared access in India, similar to trends seen in the U.S. market [1][3] - India's shared mobility sector is projected to reach USD 50 billion by the early 2030s, driven by the underutilization of over 40 million privately owned vehicles [2][4] - The company aims to expand its host network and attract U.S. investors to capitalize on India's emerging consumer and mobility growth story [3] Company Overview - Founded in 2013 and headquartered in Bengaluru, Zoomcar is India's largest peer-to-peer car-sharing marketplace, connecting vehicle owners with users for self-drive access [4] - The company's mission focuses on promoting smarter, shared mobility that is economically empowering and environmentally sustainable [4] Financial Performance - Zoomcar reported a contribution profit of USD 1.14 million with nearly a 50% margin, while also achieving a 48% reduction in operating loss [7]
Zoomcar Set to Unveil Q1 FY 2025-26 Earnings Call: Key Updates on Growth and Market Strategy
Prnewswire· 2025-08-11 11:30
Core Insights - Zoomcar Holdings, Inc. plans to report its financial and operating results for Q1 FY 2025-26 on August 14, 2025, before market opening [1] - A live Zoom Webinar will be hosted by the company management at 8:00 am Eastern Time on the same day to discuss the results and provide corporate updates [2] - Investors and analysts can submit questions to management via email by 10:00 am ET on August 13, 2025 [3] 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]
Zoomcar Accelerates Profit Momentum in FY25 with Record Contribution and 44% EBITDA Improvement
Prnewswire· 2025-06-30 11:48
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]
Zoomcar to Announce Financial Results for Fiscal Year Ending March 31, 2025
Prnewswire· 2025-06-23 12:52
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]
Zoomcar Welcomes Deepankar Tiwari as CEO to Drive Next Phase of Growth
Prnewswire· 2025-05-12 11:30
Core Insights - Zoomcar Holdings, Inc. has appointed Mr. Deepankar Tiwari as the new Chief Executive Officer effective May 9, 2025, aiming to enhance its market presence and user experience [1][3] 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 [4] Leadership Background - Mr. Tiwari has over 25 years of experience in the automotive and mobility sectors, including over two decades at Tata Group and leadership roles at Uber Technologies [2] - His previous advisory role at Zoomcar since 2019 and board observer position since February 2025 provide him with familiarity with the company [2] Strategic Goals - Under Mr. Tiwari's leadership, Zoomcar aims to deepen its presence in emerging markets, enhance platform efficiencies, and reinforce its position in peer-to-peer car sharing [3]