OTC Markets Group Welcomes Zoomcar Holdings, Inc. to OTCQX
Rhea-AI Summary
Zoomcar Holdings, Inc. (OTCQX: ZCAR), India's leading self-drive car sharing marketplace, has qualified to trade on the OTCQX® Best Market, as announced by OTC Markets Group (OTCQX: OTCM). Previously listed on NASDAQ, Zoomcar commenced trading on OTCQX under the symbol "ZCAR" on May 8, 2025. The OTCQX Market provides companies with cost-effective access to U.S. capital markets, allowing those listed on qualified international exchanges to utilize their home market reporting standards. To qualify, companies must maintain high financial standards, follow best practice corporate governance, and comply with applicable securities laws.
Positive
- None.
Negative
- Downgrade from NASDAQ listing to OTCQX market, which typically indicates reduced trading volume and market visibility
- Potential decrease in institutional investor interest due to moving to a lower-tier market
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Zoomcar Holdings, Inc. (OTCQX: ZCAR) (“Zoomcar”), leading marketplace for self-drive car sharing in India, has qualified to trade on the OTCQX® Best Market. Zoomcar previously traded on NASDAQ.
Zoomcar begins trading today on OTCQX under the symbol “ZCAR.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
About Zoomcar
Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for self-drive car sharing focused in India. The Zoomcar community connects Hosts with Guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in India.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
Subscribe to the OTC Markets RSS Feed
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
FAQ
Why did Zoomcar (ZCAR) move from NASDAQ to OTCQX?
What are the requirements for Zoomcar (ZCAR) to trade on OTCQX?
When did Zoomcar (ZCAR) begin trading on OTCQX?
What is Zoomcar's (ZCAR) main business?
