Zoomcar Holdings, Inc. runs an asset-light, peer‑to‑peer car‑sharing marketplace focused on India, matching vehicle owners (Hosts) with short‑term renters (Guests) through a digital platform. As of March 31, 2026 it had 33,383 registered Host vehicles, about 2.5 million active Guests and 775,005 booking days.
Management estimates an emerging‑market total addressable market of $186 billion and a serviceable addressable market of $46.5 billion, with India its most important market. Operations in Indonesia, Egypt and Vietnam have been exited to concentrate resources on India.
The company reports recurring operating losses, significant indebtedness (including defaults) and extensive use of short‑term and convertible bridge financings. It warns of substantial doubt about its ability to continue as a going concern, highlights delisting from Nasdaq and trading on OTCQB with penny‑stock constraints, and notes that heavy warrant, preferred and note overhang plus limited authorized shares could cause substantial dilution and complicate future capital raising.
Zoomcar Holdings Inc. completed a third closing of its private placement of Series A units, raising approximately $195,000 by selling 195 Units at $1,000 each. Each Unit includes one share of Series A Convertible Preferred Stock and one warrant to buy 20,000 common shares, for 3,900,000 warrant shares in total.
The preferred stock is initially convertible into common stock at $0.05 per share, and the investor warrants are exercisable at $0.0625 per share for five years. The overall Offering permits up to $5,000,000 of Units plus a $5,000,000 overallotment option through July 30, 2026. ThinkEquity acts as placement agent, earning a 10% cash fee, a 1% expense allowance, and warrants for 390,000 common shares. Separately, Zoomcar extended CEO Deepankar Tiwari’s consultancy agreement by one year to May 9, 2027 on substantially the same terms.
Zoomcar Holdings, Inc. notified the SEC that it cannot timely file its Annual Report on Form 10-K for the fiscal year ended March 31, 2026 and will use the Rule 12b-25 extension. The company says it must complete a fair valuation of a settlement that requires issuance of 39,000,000 shares by January 2027, which it characterizes as a significant adjusting event that affects the March 31, 2026 financial statements. Zoomcar states it will file the Form 10-K on or before the fifteenth calendar day following the prescribed due date and is working with an independent valuation firm to determine the final fair value and adjusting entries. The settlement’s material terms were disclosed in a Current Report on Form 8-K filed May 19, 2026.
Zoomcar Holdings, Inc. is asking stockholders to approve several major capital structure changes at its virtual annual meeting on July 20, 2026. The Board seeks to increase authorized Common Stock from 260,000,000 to 2,000,000,000 shares and to approve issuing up to 509,192,089 shares of Common Stock in exchange for outstanding warrants. It also asks approval for a reverse stock split at a ratio between one-for-two and one-for-eight hundred, entirely at the Board’s discretion. Other items include ratifying Bansal & Co LLP as auditor, approving a 1,000,000-share restricted stock inducement grant for Chairman Uri Levine, and an adjournment proposal. There were 8,488,485 shares of Common Stock outstanding as of June 26, 2026, each with one vote.
Zoomcar Holdings, Inc. filed an amended report updating details of its Series A unit private placement. At the second closing, the company sold 537 Units at $1,000 each, for aggregate gross proceeds of about $537,000. Each Unit includes one share of Series A Convertible Preferred Stock and one warrant for 20,000 common shares, for a total of 10,740,000 warrant shares at this closing.
The preferred stock is initially convertible into common stock at $0.05 per share, while the investor warrants are exercisable at $0.0625 per share for five years. The company also issued placement agent warrants for 1,074,000 common shares and agreed to cash and expense-based fees. The overall offering permits sales of up to $5,000,000 of Units plus a $5,000,000 overallotment, and the scheduled termination date has been extended to July 30, 2026.
Zoomcar Holdings, Inc. is extending the deadline for its offer to exchange certain outstanding warrants for common stock. The offer, which was set to expire at 5:00 p.m. Eastern Time on June 30, 2026, will now expire at 5:00 p.m. Eastern Time on July 24, 2026, unless extended again. The company says the extension gives warrant holders more time to consider the offer and allows time to satisfy conditions, including stockholder approval to increase authorized common shares. Warrants already tendered and not withdrawn remain valid, and holders can still tender or withdraw their warrants before the new expiration.
Zoomcar Holdings, Inc. entered a material securities purchase agreement for the second closing of a private placement of Series A units. The company sold 662 Units at $1,000 each, consisting of one share of Series A convertible preferred stock and a warrant, for aggregate gross proceeds of about $537,000 before fees.
The preferred shares initially convert into common stock at $0.05 per share, and the warrants are exercisable at $0.0625 per share for five years. The overall Offering contemplates up to $5,000,000 of Units plus a further $5,000,000 via an overallotment option, conducted under Section 4(a)(2) and Rule 506(c) of Regulation D. Zoomcar also granted registration rights for the underlying common shares and agreed to pay ThinkEquity LLC a 10% cash fee, a 1% expense allowance, and placement agent warrants, including warrants to purchase up to 67 common shares issued at this closing.
Zoomcar Holdings, Inc. entered into a securities purchase agreement for a private placement of Series A units, raising gross proceeds of approximately $1,143,000 in an initial closing. Each Unit consists of one share of Series A Convertible Preferred Stock and one warrant to buy one share of common stock at an exercise price of $0.0625 per share.
The preferred stock is initially convertible into common stock at $0.05 per share, with adjustment and price-reset features. The offering allows sales of up to $5,000,000 of Units plus up to an additional $5,000,000 under an overallotment option, in multiple closings through June 30, 2026. Zoomcar granted investors registration rights for the underlying common shares and agreed to liquidated damages if registration deadlines are missed.
ThinkEquity LLC is acting as exclusive placement agent, earning cash fees totaling 11.0% of gross proceeds and receiving placement agent warrants. At the first closing, Zoomcar issued placement agent warrants covering 115 common shares, and filed a Certificate of Designation establishing the rights of the new Series A Convertible Preferred Stock.
Zoomcar Holdings, Inc. furnished an updated investor presentation that outlines terms for a new private placement of Series A preferred stock and warrants and provides a detailed update on its India-focused, peer-to-peer car-sharing marketplace.
The contemplated private placement targets a minimum of $1,000,000 and maximum of $5,000,000, with an over-allotment of up to an additional $5,000,000, at $1,000 per Series A Unit. Each unit includes preferred stock convertible into common stock at $0.05 per share and warrants exercisable at $0.0625 per share, with automatic conversion upon a NYSE American or Nasdaq listing. The presentation highlights nine consecutive quarters of positive contribution margin, contribution margin per booking improving from - $2.5 in December 2023 to $14.10 in the quarter ending December 31, 2025, and a reduction of debt from $30 million to approximately $13 million as of December 31, 2025. It also discusses significant risks, including a history of losses, liquidity needs, ability to continue as a going concern, reliance on hosts and guests, regulatory and technology risks, and dependence on planned capital-raising and a potential uplisting.
Zoomcar Holdings, Inc. furnished a shareholder letter providing preliminary, unaudited estimates for the fiscal year ending March 31, 2026, including expected year-over-year reductions in net loss and Adjusted EBITDA loss, along with selected prior-period operating data. The company highlights a pending warrant Offer to Exchange, whose expiration has been extended to June 30, 2026, as part of simplifying its capital structure and consolidating equity. Completion of this tender offer depends on stockholder approval to increase authorized common stock at an upcoming virtual special meeting. Zoomcar also discusses an ongoing Bridge Financing being conducted under Rule 506(c) of Regulation D for verified accredited investors, and invites holders to a series of management webinars covering the tender offer, the capital raise, and the business outlook.