Zoomcar Holdings, Inc. is a Bangalore-based peer-to-peer online car sharing marketplace that connects vehicle owners with individuals seeking short-to-medium-term vehicle rentals, operating mainly in India and several emerging markets.

# Company Summary - Zoomcar Holdings, Inc.

## Business Overview
- **Industry:** Peer-to-peer online car sharing marketplace
- **Founded:** 2012
- **Headquarters:** Bangalore, India
- **Core Business Model:** Digital platform connecting vehicle owners (“Hosts”) with individuals seeking short-to-medium-term vehicle use (“Guests”)
- **Operations:** Facilitates vehicle sharing without owning the vehicles; Hosts list their vehicles, Guests book and pay via the platform

## Market & Market Opportunity
- **Primary Market:** India, with presence in over 94 cities
- **Target Markets:** 25 emerging-market countries across Southeast Asia, Middle East & North Africa, Latin America, Central Asia
- **Total Addressable Market (2025):** $108 billion in emerging markets; $43.2 billion in India
- **Serviceable Addressable Market:** Approximately $25 billion globally in 2025
- **Customer Demographics:** 
  - Estimated 75 million potential Guests in the target demographic by 2025
  - Demographic: Residing in urban centers, top 65th income percentile, aged 18-50, holding active driver's licenses

## Customer & Participant Metrics (as of March 31, 2025)
- **Registered Host Vehicles:** ~40,221
- **Active Guests:** Approximately 4 million (active in last 12 months)
- **Trips Booked in FY2025:** Approximately 678,708 booking days
- **Guests in FY2025:** About 316,528

## Employees
- **Total Full-time Employees:** Approximately 141
  - Engineering & Product: 65
  - Operations & Support: 72
  - Sales & Marketing: 4

## Revenue & Financials
- **Revenue (FY2025):** Not explicitly provided
- **Market Value (as of most recent quarter):** $9,346,931 (market value of equity held by non-affiliates, based on last sale price as of September 30, 2024)
- **Financial Condition:** 
  - Historically has a history of operating losses and negative cash flow
  - Limited cash resources projected to last only through July 2025 without additional funding
  - Has raised funds via debt, private placements, and warrants, but remains in default on several debt obligations
  - Reported net losses and operating expenses have increased post-Business Combination and in preparing for public company status

## Business Model & Operations
- **Platform Features:** Personalized vehicle search, dynamic pricing, contactless keyless entry, real-time GPS tracking, and customer feedback/review systems
- **Revenue Streams:** Trip fees including upfront booking, trip protection, convenience fees, fuel, damage penalties
- **Customer Engagement:** Rewards, referral programs, and high-rated Host placements
- **Expansion Plans:** Focused on improving existing platform functions, increasing vehicle density, attracting high-quality Hosts, and expanding in India; no current international expansion due to financial constraints

## Additional Details
- **Stock Listing:** Previously on Nasdaq, delisted in May 2025, now trading OTC under **ZCAR** (stock) and **ZCARW** (warrants)
- **Business Focus:** Transitioned from direct vehicle rental to asset-light peer-to-peer sharing, leveraging AI and IoT technologies
- **Revenues and growth prospects:** Based on management estimates, significant potential in emerging markets driven by low vehicle ownership and increasing urbanization, with a focus on the Indian market

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**Note:** Data is based solely on the provided document and reflects the company's current status and metrics as of the fiscal year ended March 31, 2025.

Zoomcar is a leading peer-to-peer car-sharing marketplace in emerging markets, connecting vehicle owners with individuals needing temporary vehicle access.

# Zoomcar Overview

**Business Model:**
Zoomcar operates as a leading peer-to-peer car-sharing marketplace, primarily focusing on emerging markets. The company connects vehicle owners (referred to as "Hosts") with individuals who need temporary access to cars (referred to as "Guests"). Through its scalable digital platform, Zoomcar enables Hosts to monetize underutilized vehicles and offers Guests a convenient and affordable means of transportation.

**Headquarters:**  
Bangalore, India

**Founded:**  
2012

## Key Features of the Business:
- **Platform Functionality:**  
  Guests can browse and book a diverse range of vehicles listed by Hosts across 99 cities in India.
  
- **Technology Backbone:**  
  The platform leverages artificial intelligence and machine learning for optimizing pricing models, damage coverage options, and for facilitating a trust-based community through ratings and reviews among users.

- **Vehicle Access:**  
Hosts install customized IoT devices in their vehicles for GPS tracking and keyless entry, enhancing the convenience for Guests.

## Key Metrics:
- **Number of Vehicles:**  
  As of March 31, 2024, Zoomcar has approximately **41,166 registered Host vehicles**.
  
- **Active Guests:**  
  The platform boasts around **2.4 million active Guests**, defined as users who searched for vehicles or made bookings within the last 12 months.

- **Revenue Model:**  
  Revenue is generated through various fees charged during bookings, which includes an upfront booking fee, trip protection fee, and platform convenience fee. The company retains 40% of the Gross Booking Value (GBV) from transactions while the remainder goes to the Hosts.
  
- **Financial Performance:**  
  Zoomcar transitioned to a peer-to-peer model in December 2021. As of the year ended March 31, 2024, the company's historical performance has shown variations due to this transition, and it continues to incur operating losses. Consequently, there is considerable uncertainty around its future revenues and profitability.
  
## Employee Base:
- As of March 31, 2024, Zoomcar employs approximately **191 full-time employees**, with a majority (around 50%) working in technical positions focused on platform development and refinement.

## Market Opportunity:
- Zoomcar targets a rapidly growing market estimated at **$90 billion by 2025** in emerging markets, with India representing **$36 billion** of that potential. The market is characterized by high costs of car ownership and limited access to affordable transportation options.

## Conclusion:
Zoomcar's unique peer-to-peer car-sharing service aims to address the transportation needs of urban residents in India and other emerging markets by leveraging technology for increased convenience and profitability for both Hosts and Guests. As the company continues to evolve post-merger with a special purpose acquisition company (IOAC) into Zoomcar Holdings, it faces challenges tied to operational growth, market competition, and regulatory landscapes, while seeking to enhance and scale its platform capabilities.

Zoomcar Holdings, Inc.

10-K / June 30, 2025

10-K / July 15, 2024

10-K / June 30, 2025

Company Summary - Zoomcar Holdings, Inc.

Business Overview

Market & Market Opportunity

Customer & Participant Metrics (as of March 31, 2025)

Employees

Revenue & Financials

Business Model & Operations

Additional Details