Core Insights - Zoomcar has launched 'ZoomPro', a B2B dashboard aimed at enhancing the management of vehicles, pricing, and bookings for large fleet partners, reflecting a 10% year-over-year increase in bookings and an 86% surge in repeat users [1][2][9] Company Overview - Zoomcar, founded in 2013 and headquartered in Bengaluru, is India's largest peer-to-peer car-sharing marketplace, connecting vehicle owners with users through a digital platform [6] Product Features - Key features of ZoomPro include centralized booking views, multi-user access, smart car reassignment, vehicle performance tracking, AI-driven pricing insights, e-invoicing, and an API integration suite for seamless fleet management [8] Strategic Goals - The introduction of ZoomPro is part of Zoomcar's strategy to consolidate the self-drive ecosystem, providing scalable digital infrastructure for supply partners to enhance growth and operational efficiency [2][5] Financial Performance - Zoomcar reported a contribution profit of $4.25 million with a 47% margin, alongside a 67% reduction in operating loss, indicating a strong financial position as it implements its tech-led growth strategy [9]

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]

Forma Miami, a distinctive architectural landmark designed by world-renowned architect Kobi Karp, now offers its residents exclusive access to a Tesla Model 3 through Envoy's amenity-based mobility platform service. This addition enhances Forma Miami's existing luxury offerings and prime Brickell location, further elevating the property's status in Miami's competitive luxury real estate market. MIAMI, FL, June 11, 2025 (GLOBE NEWSWIRE) -- Envoy Technologies Inc. ("Envoy"), a Blink Charging Co. entity and le ...

Uber customers throughout the U.S. can now rent an extraordinary selection of Turo vehicles directly through the Uber platformSAN FRANCISCO, May 15, 2025 /PRNewswire/ -- Turo, the world's largest peer-to-peer car sharing marketplace, and Uber Technologies, Inc. (NYSE: UBER) announced today that Turo vehicles are now available to rent through the Uber app in the United States. This marks the U.S. debut of the integration between Turo and Uber Rent, enabling travelers to access Turo's unique and diverse selec ...

Core Insights - Envoy Technologies Inc. has launched a new electric vehicle car-sharing service at 210 South 12th, a luxury high-rise in Philadelphia, marking a significant step in the company's expansion and urban living standards [1][5] - The collaboration with 210 South 12th enhances the property's appeal by providing exclusive access to Envoy's EV-sharing service, including the first Cadillac LYRIQs in the Philadelphia fleet [2][5] - The integration of a fully automated parking garage, the largest in the country and first in Philadelphia, aligns with Envoy's commitment to innovative and sustainable transportation solutions [3][4] Company Overview - Envoy is a leading provider of electric vehicle fleet technology and EV-sharing services, headquartered in Culver City, California, focusing on private property amenities [7] - The company aims to reduce parking demand and individual car ownership while enhancing mobility as part of residents' lifestyles [7] - Envoy's services are designed to enrich the living experience in high-end residential properties, aligning with urban development goals [7] Market Position - The launch at 210 South 12th strengthens Envoy's presence in the Philadelphia luxury market and demonstrates its ability to integrate with advanced residential technologies [5] - This collaboration opens opportunities for potential expansion into other metropolitan areas with similar high-end properties [5] - Property managers are encouraged to consider Envoy's services to enhance their offerings and attract residents [5]