Latest news with #Zoomcar
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Business Standard
6 days ago
- Business
- Business Standard
Gen Z, SUVs, and short getaways are shaping India's road travel in 2025
Short getaways, larger vehicles and a growing host economy are defining India's evolving road travel landscape, according to Zoomcar Holdings' Travel Trends 2025 report. The report shows that 71 per cent of all trips in 2025 were under two days, up from 66 per cent in 2023, pointing to a surge in weekend getaways. At the same time, longer journeys of more than seven days rose by 28 per cent, driven by remote working and 'workation' trends. Bookings saw sharp spikes during festive weekends such as Holi, Republic Day and Gandhi Jayanti, with a 125 per cent rise compared to regular periods. The findings are based on the car rental firm's internal booking and behavioural data from a sample of nearly a million trips. Gen Z travellers and bigger cars lead the way Travellers aged 18-25, categorised as 'Gen Z', accounted for 31 per cent of all trips in 2025, up from 22 per cent in 2024. This group showed a preference for solo trips, flexible itineraries and offbeat destinations, the report showed. In terms of vehicle preference, SUVs' share of bookings on the platform increased from 30 per cent to 36 per cent year-on-year, while demand for hatchbacks declined from 57 per cent to 51 per cent. Bookings for 6-7 seater cars also rose from 16 per cent to 18 per cent, reflecting growing demand for group and family travel. Smaller cities drive demand for self-rental cars Demand for self-drive rentals is expanding beyond metropolitan areas, the report said. Tier 2 cities recorded a 30 per cent increase in bookings, while Tier 3 cities grew by 14 per cent. Cities such as Jaipur, Indore, Siliguri, and Madurai saw sharp growth in self-drive rentals, indicating a growing preference for independent travel. Overall, Zoomcar bookings rose from 388,000 in FY24 to 427,000 in FY25, marking a 10 per cent increase. The report also revealed that the convenience-driven features are gaining traction on the firm's platform. Home delivery bookings increased by 33 percent during the first five months of 2025 compared to the same period in 2024. Also, customer ratings also indicated growing acceptance of car sharing. In 2025, 80 percent of all trips received ratings of four stars or higher, up from 76 percent in 2023. Abhilash Kasliwal, business head at Zoomcar, said the trends showed self-drive travel had 'moved from niche to lifestyle', catering to a variety of travellers, from solo explorers to families while offering hosts a source of passive income.
Yahoo
11-08-2025
- Automotive
- Yahoo
Zoomcar Set to Unveil Q1 FY 2025-26 Earnings Call: Key Updates on Growth and Market Strategy
BENGALURU, India, Aug. 11, 2025 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (OTCQX: ZCAR), the leading marketplace for self-drive car sharing in India, plans to report its financial and operating results for the Q1 FY 2025-26 ending June 30, 2025 before markets open on August 14, 2025. The Company will post the release on its Investor Relations website The Company management will host a live Zoom Webinar at 8.00 am Eastern Time (US) on Thursday, August 14, 2025 to discuss the financial results and provide corporate updates. A link to the call will be posted on the Company's investor relations website at prior to the call. Following the webinar, a replay of the webinar, along with the earnings press release will be available at the same website. Investors and analysts that wish to submit questions to management should send an email to investors@ by 10:00 am ET on Wednesday, August 13, 2025. About Zoomcar: Founded in 2013 and headquartered in Bengaluru, Zoomcar is India's leading car-sharing marketplace, redefining urban mobility through technology and community. By connecting hosts with guests, Zoomcar offers flexible, affordable access to cars while driving forward a vision of sustainable, efficient, and inclusive transportation across the country. Forward Looking Statement: This press release includes statements that are or maybe considered, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Except for statements of historical facts, these forward-looking statements are based on assumptions relating to the Company's revenue, earnings, margins, growth rates and other financial results for future periods and these assumptions entail significant risk and uncertainty including but not limited to risks identified in the Company's most recent filing on Form 10-K and other SEC filings, all of which are available on the Company's website. You can identify forward-looking statements with words such as "believes," "expects," "may," "will," "should," "seeks," "intends," "plans," "estimates," or "anticipates" or the negatives thereof, as well as other variations or comparable terminology related to Company's strategy, plans, projections or intentions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Any forward-looking statement in this press release refers solely to what is accurate as of the day it is issued or based on assumptions that Zoomcar believes to be reasonable. The actual results and outcomes may materially differ due to various factors or events beyond our control which may not be foreseeable at all times. We cannot guarantee or assure any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. We undertake no obligation to alter or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as required by law. Logo: View original content: SOURCE Zoomcar Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Time of India
07-08-2025
- Automotive
- Time of India
Zoomcar integrates Google Cloud's AI tools to boost user experience and safety
Zoomcar has partnered with Google Cloud to integrate Generative AI (GenAI) and Machine Learning into its car-sharing platform. The aim is to improve how customers book cars, how hosts onboard their vehicles, and how the company ensures safety. In a press statement, Zoomcar said that it has used Google Cloud's Vertex AI and Gemini models to deploy AI agents across the customer and host journeys. These systems have improved user experience and operational efficiency. A key feature introduced under the partnership is Host Assist, an AI-powered assistant that guides potential hosts through the onboarding process. Built on the Gemini Flash 2.0 model and a RAG (Retrieval-Augmented Generation) framework, Host Assist offers 24x7 support, reducing the average onboarding time by 30%. 'Hosting a car on Zoomcar comes with its nuances,' the company said. 'Host Assist clarifies the process by delivering instant, 24X7 policy-aware guidance.' Zoomcar is also developing a Host Intelligence Engine, which gives hosts personalized insights to help increase their earnings. The tool provides data-based pricing recommendations and compares host behavior with top performers to suggest improvements. The company said that it is also using AI to reduce host-driven cancellations by analyzing host-guest conversations and determining responsibility in disputes. This allows the company to take corrective action with hosts and improve overall guest satisfaction. To improve guest quality, Zoomcar is using a real-time fraud detection engine built on its Customer Data Platform. It reviews identity documents, KYC information, and selfies to flag suspicious activity. This system is expected to improve fraud detection accuracy and enhance trust across the platform. Apple Confirms: Majority of iPhones Sold in US Are Now Made in India AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
10-07-2025
- Automotive
- Time of India
Zoomcar launches ‘ZoomPro' dashboard for fleet operators to help drive earnings, efficiency
Zoomcar , a homegrown peer-to-peer car-sharing marketplace, on Thursday launched the 'ZoomPro' dashboard for large fleet operators. The solution will enable the company's fleet partners to manage bookings, pricing, and vehicle performance efficiently, while improving earnings and operational control. 'We're building more than a marketplace — we're enabling the operating system for self-drive mobility in India,' said Anirudh Lamba, head of marketing and partnerships at Zoomcar. The launch follows strong FY25 results for Zoomcar, including a 10 per cent year-on-year growth in bookings and an 86 per cent surge in repeat users. Smart tools for smarter fleets ZoomPro comes packed with features to simplify fleet operations, including a centralised view of bookings, multi-user access, artificial intelligence (AI)-powered pricing insights, real-time car reassignment, vehicle performance tracking, e-invoicing, and seamless API integrations. These functionalities aim to maximise utilisation and improve the guest experience across cities. The company is also planning future enhancements such as bulk onboarding, advanced fleet controls, and premium support using large language model (LLM)-driven technologies. 'ZoomPro is built for scale. It's multi-city, multi-user, and data-first. It reflects how fleet partners actually operate,' said Vishal Ramrakhyani, head of engineering at Zoomcar. The introduction of ZoomPro is part of Zoomcar's broader tech-led strategy, which helped it post a record $4.25 million in contribution profit for FY25, alongside a 67 per cent reduction in operating loss.
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Business Standard
30-06-2025
- Automotive
- Business Standard
Zoomcar narrows net losses to $25.6 million in FY25 on lower expenses
Car-sharing marketplace Zoomcar on Monday reported narrowing of net losses to $25.62 million in the financial year ended on March 31, 2025. Zoomcar had logged a net loss of $34.27 million in the previous fiscal, the company said in a statement. "Cost of Revenue reduced by 49 per cent, from $10.33 million in FY24 to $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 $4.25 million for FY25, compared to a loss of $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 cent to $9.1 million during the reported fiscal year against $9.89 million in FY24. Zoomcar posted 10 per cent growth in the number of bookings to 426,788 in FY25, against 387,821 in FY24. "Total costs and expenses decreased from $41.57 million in FY24 to $19.51 million in FY25. These savings directly supported improved unit economics and reduced cash burn," the company said. Bengaluru-headquartered Zoomcar connects individual vehicle owners (Hosts) with users (Guests), offering flexible access to vehicles for self-drive had logged a net loss of $34.27 million in the previous fiscal, the company said in a statement. "Cost of Revenue reduced by 49 per cent, from $10.33 million in FY24 to $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 $4.25 million for FY25, compared to a loss of $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 cent to $9.1 million during the reported fiscal year against $9.89 million in FY24. Zoomcar posted 10 per cent growth in the number of bookings to 426,788 in FY25, against 387,821 in FY24. "Total costs and expenses decreased from $41.57 million in FY24 to $19.51 million in FY25. These savings directly supported improved unit economics and reduced cash burn," the company said. Bengaluru-headquartered Zoomcar connects individual vehicle owners (Hosts) with users (Guests), offering flexible access to vehicles for self-drive rentals.
