Zoomcar Holdings, Inc.
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in mil. unless spec.Company Description
- CEO
- Deepankar Tiwari
- Full Time Employees
- 148
- Sector
- Industrials
- Industry
- Rental & Leasing Services
- Address
- No.147, Anjaneya Techno Park Bengaluru KA India 560008
- IPO Date
- Jan 4, 2022
- CIK
- 0001854275
- Website
- zoomcar.com
- Similar Companies
- Business
- Zoomcar Holdings, Inc. operates as an online peer-to-peer car-sharing marketplace primarily in India, Indonesia, Vietnam, and Egypt. The company connects vehicle owners, termed Hosts, with users, termed Guests, offering an array of vehicles including sedans, hatchbacks, electric cars, SUVs, and family cars for short and long-term self-drive rentals. Zoomcar’s platform provides vehicle searching and discovery, host and guest communication, vehicle and driver tracking, ratings services, and a software-enabled keyless entry application for host vehicles. Founded in 2013 and headquartered in Bengaluru, India, Zoomcar targets urban transportation needs, promoting flexible, affordable, and sustainable mobility solutions while enabling car owners to earn income through hosting. Recent major developments include strategic partnerships with industry leaders such as CARS24, ACKO Drive, Spinny, and Droom to enhance the quality of hosted vehicles, offer financial incentives and streamlined car-buying options for Hosts, and increase fleet expansion. Zoomcar aims to onboard over 20,000 additional cars by fiscal year 2025 to meet growing demand. The company launched Zoomcar Cabs, a pilot chauffeur-driven car rental service in Bengaluru, expanding beyond its core self-drive offerings. Additionally, Zoomcar introduced a subscription model for long-term car rentals and Zoomcar Vouchers as prepaid booking options to improve customer retention and incentivize repeat usage. The company also upgraded its mobile app with a unified interface to enhance the user experience for both Hosts and Guests. Zoomcar completed a significant merger with Innovative International Acquisition Corp. in late 2023, forming Zoomcar Holdings, Inc., which became publicly traded on Nasdaq under ticker symbol ZCAR. The merger valued the combined entity at approximately $456 million enterprise value and introduced new leadership with Deepankar Tiwari appointed CEO. The company continues to focus on technological and operational enhancements to drive growth, improve asset quality, and solidify its position as a leading emerging market car-sharing platform across Asia and Africa.
Company News
Zoomcar and Uber partner to give travelers more ways to plan road trips
Zoomcar Closes Two-Thirds of the Distance to Adjusted EBITDA Breakeven in Four Quarters as Contribution Profit Now Funds 73% of Its Operating Cost Base
Zoomcar Delivers Record Contribution Profit of $1.65 Million; Margin per Booking Rises to 70% or $18.75
Zoomcar Announces Voting Results from 2026 Annual Meeting of Stockholders
Zoomcar to Announce Q1 FY26-27 Results on August 14, 2026
Zoomcar Announces Extension of Offer to Exchange Outstanding Warrants for Common Stock
Zoomcar Announces Extension of Offer to Exchange Outstanding Warrants for Common Stock
Zoomcar Cuts Adjusted EBITDA Loss by 47%, Delivers Tenth Consecutive Quarter of Positive Contribution Profit
Zoomcar to Announce FY2025-26 Full Year Results on July 14, 2026
Zoomcar Adds Motorcycle and Scooter Rentals Alongside Cars, Expanding Into India's High-Frequency Daily Mobility Market
Zoomcar Announces Extension of Offer to Exchange Outstanding Warrants for Common Stock
Zoomcar Announces Extension of Offer to Exchange Outstanding Warrants for Common Stock
Zoomcar Holdings, Inc. Announces Completion of Key Milestone in Financial Restructuring
Zoomcar Expects ~70% Reduction in Net Loss for FY26, Signals Profitability Inflection
Zoomcar Announces Extension of Offer to Exchange Outstanding Warrants for Common Stock
Zoomcar Accelerates Margin Expansion with AI 'Fraud Shield,' Cuts Fraud 38% QoQ and Prevents High-Risk Bookings at Scale
Zoomcar Reports CY 2025 Host Payouts of ~$12.8M, with 56.5% of Earnings from Repeat Renters
Zoomcar Announces Launch of Offer to Exchange Outstanding Warrants for Common Stock
Zoomcar Announces Closing of Private Placement of Common Stock Warrants
Zoomcar Delivers Highest-Ever Contribution Profit, Marking Ninth Straight Profitable Quarter; Adjusted EBITDA Loss Improves 74% YoY; Net Loss Narrows 91% YoY