Welcome to our dedicated page for Zoomcar Holdings news (Ticker: $ZCAR), a resource for investors and traders seeking the latest updates and insights on Zoomcar Holdings stock.
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Zoomcar Holdings, Inc. partners with ACKO Drive to offer competitive deals for local Zoomcar Hosts on new car purchases and financing options, aiming to boost business expansion and earnings. The partnership targets the growing demand for self-driven cars in India, with Zoomcar Hosts earning $4 million in Q3 2023. The collaboration with ACKO Drive enables Hosts to access exclusive offers and upgrade their car fleet to cater to evolving consumer preferences.
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End-of-Day
5.33%
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Zoomcar Holdings, Inc. and EaseMyTrip announce a strategic partnership to revolutionize travel in India, offering travelers convenience and flexibility in planning their journeys. The integration allows EaseMyTrip users to book Zoomcar's wide range of self-drive cars seamlessly through the app, providing access to 25,000+ cars including popular models like Kia Carens and Hyundai Creta. This partnership aims to enhance the travel experience in India by offering hassle-free travel arrangements through a single platform, promoting road connectivity and boosting tourism. Exclusive discounts and offers ensure cost-effective travel solutions without compromising on quality.
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-16.95%
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Zoomcar Holdings, Inc. (ZCAR) will attend the 36th Annual ROTH Conference to engage with institutional investors. CEO Greg Moran will hold meetings at the event featuring various growth sectors.
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Zoomcar and SPARKCARS form a strategic partnership to boost India's electric vehicle market, aiming to introduce over 1,000 EVs to Zoomcar's platform in the next two years. The collaboration focuses on increasing awareness of the economic benefits of EV rentals and promoting sustainable transportation solutions in India.
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-3.87%
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Zoomcar Holdings, Inc. (Nasdaq: ZCAR) reported strong financial results for the third fiscal quarter ended December 31, 2023, with record gross profit and non-GAAP contribution profit. The company achieved a record average transaction size of over $75 per booking, showcasing its ability to drive higher effective net pricing. Despite a 19% decrease in net revenue to $2.4 million, Zoomcar recorded a gross profit of $0.3 million, a significant improvement from the previous year. The company's GAAP net income was $14.4 million, compared to a net loss of $8.7 million in the same period last year. Zoomcar expects a significant return to growth in 2024 with improved profitability and expansion beyond India, projecting net revenue between $17.0 million and $20.0 million for the calendar year 2024.
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-12.09%
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Zoomcar Holdings, Inc. and CARS24 have partnered to offer exclusive opportunities on used car purchases and flexible financing options to empower local hosts in their car sharing entrepreneurial journey. The collaboration aims to help hosts expand their fleets and potentially increase their earnings by offering substantial savings of up to INR 1 lakh and additional benefits of up to INR 20,000 on pre-inspected and certified used car purchases from CARS24. This strategic partnership addresses the critical need for affordable and reliable vehicles for hosts while promoting the advantages of incorporating pre-owned vehicles into the car-sharing ecosystem. Zoomcar expects to leverage CARS24's stellar reputation in the pre-owned car market, ensuring hosts gain access to high-quality used cars, broadening the reach of the Zoomcar platform.
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-1.44%
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Zoomcar Holdings, Inc. announced the launch of a new product category called the Thrift Store, offering up to 50% lower pricing for same-day bookings and up to 30-45% off for next day bookings. The company aims to provide greater affordability and accessibility for guests, with availability in 45+ cities in India. The new product is designed to transform the landscape of self-drive car sharing with a customer-first approach and reinforce the relative value and competitive pricing of self-drive. The CEO emphasized the goal of making the self-drive experience fully affordable to the everyday consumer, while the president highlighted the convenience and cost-effectiveness of self-drive for customers. The company also shared industry-leading NPS with an average trip rating of nearly 4.7, showcasing its commitment to customer-centric innovation.
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-7.14%
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Zoomcar Holdings, Inc. announces the appointment of Adarsh Menon as its President to lead its business, following the recent listing on NASDAQ. Menon brings over 22 years of industry experience, having worked with Flipkart and Hindustan Unilever. His role will encompass all aspects of Growth, Operations, and Customer Experience for the Company.
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-15.54%
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Zoomcar Holdings, Inc. (ZCAR) and IOAC completed their merger transaction on December 28, 2023, with the combined company expected to start trading on NASDAQ under the ticker symbol 'ZCAR' on December 29, 2023. Zoomcar is a leading peer-to-peer car sharing platform operating in emerging markets like India, Indonesia, and Egypt.
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-61.56%
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Zoomcar Holdings, Inc.
Nasdaq:ZCAR
ZCAR Rankings
ZCAR Stock Data
19.53M
54.79M
14.8%
0.68%
0.2%
Rental & Leasing Services
Industrials
United States of America
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