Zoomcar

Zoomcar Introduces Trip Protection Supported by Universal Sompo's Contractual Liability Policy

rom side hustle seekers to full-fledged entrepreneurs, Indians are turning their cars into opportunities

Currently live in 14 cities, including Bangalore, Mumbai, Chennai, Delhi, Hyderabad, Pune, Kanpur, Jaipur, Chandigarh, Ahmedabad, Nasik, Vizag, the service will expand to other cities by August end.

Car-sharing marketplace Zoomcar on Monday reported narrowing of net losses to USD 25.62 million in the financial year ended on March 31, 2025. Zoomcar had logged a net loss of USD 34.27 million in the previous fiscal, the company said in a statement. "Cost of Revenue reduced by 49 per cent, from USD 10.33 million in FY24 to USD 5.30 million in FY25, supported by operational efficiencies and dynamic pricing. Marketing spend declined 75 per cent, alongside a 43 per cent reduction in G&A (general and administrative expenses) and a 32 per cent decrease in technology-related expenses," the statement said. Zoomcar reported a record contribution profit of USD 4.25 million for FY25, compared to a loss of USD 0.98 million in FY24. The company derives contribution profit after reducing incentive payouts, marketing and promotional expenses from gross profit and various elements included in the cost of revenue like rent, insurance, travel etc. Net revenue of the company declined by 7.9 per ..

The mobility industry is evolving fast, and AI is playing a game-changing role! In this episode of Manager’s Mantra, we discuss all of it with Hiroshi Nishijima, CEO of Zoomcar.

Zoomcar could face stiff competition in a market dominated by well-heeled players like Ola and Uber that primarily offer intra-city ride-hailing services, but also offer cab rentals

Self-drive car-sharing platform Zoomcar on Friday said it has raised USD 9.15 million (about Rs 76 crore) from institutional investors. The proceeds will be used for repayment of approximately USD 3.8 million in debt and the remaining amount for general corporate purposes and working capital needs. In connection with the private placement, the company said it issued an aggregate of 2,137,850 units, with each unit sold at an effective price of USD 4.28 per unit and consisting of one share of common stock, two Series A warrants, each exercisable for one share of common stock at an initial exercise price of USD 4.03 per share. "This resulted in the issuance of Series A warrants exercisable for an aggregate of up to 4,275,700 shares common stock, and one Series B warrant at an exercise price of USD 0.0001 to purchase such number of shares of common stock," it added. The Series A warrants have a term of 5 years, and the Series B warrants are exercisable until exercised in full, Zoomcar

The improvement in adjusted Ebitda was attributed to cost optimisation efforts driven by technology and product enhancements

Self-drive car-sharing platform Zoomcar on Friday said it has launched its first fulfilment centre in Chennai and plans to add more than 100 such centres this year. As part of the expansion, the company said, it is also looking to add 1,000 new cars on the platform by December this year. Operated by a third-party operator, such facilities manage end-to-end operations of car listings on behalf of the hosts who want to earn by sharing their cars but find it challenging to do it themselves, Zoomcar said. The company said leveraging its over decade-old experience in the car sharing business, it helps these fulfilment centres by providing services to guests. Hosts pay a nominal fee to get an array of services from these centres like managing their car, regular cleanliness, safe and secure parking space at top locations in hot spots, delivery and pick up of cars to customers and service centres, among others. Cars managed through the fulfillment center are tagged as "Assured by Zoomcar"

Self-drive car sharing platform Zoomcar Holdings on Thursday said it has partnered with Air India Express to allow customers to book self-drive cars directly from the airport on the airline's mobile app as well as the website in 19 cities. The collaboration also caters to the customer with varying requirements, leveraging the extensive fleet options and ensuring ample space for baggage carried through Air India Express's add-on packs such as carry-on-Xtra, international connecting baggage, and special equipment, Zoomcar said in a statement. This collaboration will offer the customer access to self-driven car rentals in Bengaluru, Bhubaneswar, Chennai, Delhi, Goa, Guwahati, Hyderabad, Indore, Jaipur, Kolkata, Kochi, Lucknow, Mangaluru, Madurai, Mumbai, Pune, Tiruchirappalli, Vijayawada and Visakhapatnam, it said. "We're focused on providing improved and personalised travel experiences for our guests at Zoomcar, and our partnership with Air India Express is another stepping stone ...

Car sharing marketplace Zoomcar and EaseMyTrip on Tuesday announced a partnership allowing users to book self-drive cars on the latter's online travel platform. With this partnership Zoomcar's wide range of self-drive cars has been seamlessly integrated into the EaseMyTrip platform, allowing users to book their preferred Zoomcar directly from the EaseMyTrip app offering travellers convenience and flexibility in planning their journeys, the two companies said in a statement. EaseMyTrip users will now have access to Zoomcar's fleet of over 25,000 cars, spanning a diverse range of models from hatchbacks to sedans to SUVs like Kia Carens, Hyundai Creta, Tata Nexon, and MG Astor, among others, it added.

The firm said that net revenue declined due to lower number of days booked, resulting in decreased gross billings as Zoomcar prioritised higher-margin bookings in support of its cost reduction efforts

Car sharing platform gets 90% of its business in India, went public last week

The collaboration aims to promote Tata Power's EZ Charge points on the Zoomcar platform and will focus on supporting existing and aspiring EV owners along with Zoomcar's existing customers

Car sharing platform Zoomcar on Wednesday announced its partnership with Vistara, a joint venture of Tata group and Singapore Airlines, to become its self-drive partner

Domestic car sharing marketplace Zoomcar announced the appointment of Naveen Gupta as Vice President and Country Head for India

Car sharing platform Zoomcar on Friday said it has inked a merger agreement with Innovative International Acquisition Corp and subsequently become a publicly listed entity on Nasdaq. The transaction values the combined company at around USD 456 million. Upon closing of the transaction, the combined entity will be renamed Zoomcar Holdings, Inc and expects to list its common stock on Nasdaq. Founded in 2013, Zoomcar currently operates across more than 50 cities globally. It has over 3 million active users and over 25,000 vehicles registered for use on its global car-sharing marketplace. "Zoomcar's car-sharing marketplace is positioned to cut across emerging markets, and we expect to target future expansion opportunities in markets, which include SE Asia, Latin America, MENA, and Sub-Saharan Africa," Zoomcar Co-Founder and CEO Greg Moran said in a statement. The entity sees a vast addressable market, totalling around USD 90 billion annually by 2025, he added. Innovative Internation

Zoomcar operates a marketplace for private vehicles, with owners making their cars available on the platform and users able to rent them by the hour, day, week or month

Car sharing platform Zoomcar said it expects to achieve profitability in India by this calendar year-end, on the back of strong organic growth

Domestic car sharing marketplace Zoomcar on Friday announced to elevate Nirmal NR as the CEO for India market.