Zoomcar Holdings, Inc.

Zoomcar Holdings, Inc. operates an online peer-to-peer car-sharing marketplace that connects vehicle owners with people who need short- to medium-term transportation. The company was founded in 2012 and is headquartered in Bangalore, India, while its parent company is incorporated in the United States and its securities trade in the U.S. market.

−72,9 %

51,6 %

−159,7 %

+0,6 %

0.03

— Zoomcar Holdings, Inc.
	%
Car-sharing marketplace	70% Digital marketplace that matches Guests with Host-owned vehicles for short-term use.
Booking fees	20% Fees charged on completed vehicle bookings and shared with Hosts.
Value-added fees	10% Trip protection and related optional fees charged to Guests.

Zoomcar serves individual Guests who need temporary access to a car for leisure, work, or other short- to medium-term...

Guestsprimary
Individuals who book cars for short- and medium-term transportation needs.
Hostsprimary
Vehicle owners who list cars on the platform to generate rental income.
Urban mobility users in emerging marketssecondary
Consumers in cities with limited convenient transport alternatives who value flexibility.

Zoomcar’s business is centered in India, where it says all revenue is currently generated and where it is focusing its...

•Headquartered in Bangalore, India
•All current revenue is derived in India
•Previously operated across three countries
•Focused on urban emerging-market mobility
•Geography affects vehicle supply and demand density

Zoomcar’s strategy is centered on building a scalable digital marketplace for car sharing in emerging markets, with...

Grow the Host and Guest base in Indiashort-term

Marketplace liquidity depends on enough vehicle supply and booking demand.

Improve pricing and trip-protection toolsmedium-term

Better pricing and risk selection can improve booking conversion and platform economics.

Concentrate resources on Indiashort-term

The company says India is its current focus and largest addressable market.

Zoomcar faces going-concern and financing risk because it has disclosed a need for additional capital to continue...

critical

Going-concern and liquidity risk

The company disclosed that it may not have sufficient funds without additional financing.

Scope: Operating continuity and creditor payments
Materiality: high

high

Dependence on marketplace participation

The platform requires enough Hosts and Guests to sustain bookings and utilization.

Scope: Supply-demand balance on the platform
Materiality: high

high

Internal control and reporting weaknesses

The company disclosed material weakness remediation and Section 404 compliance risk.

Scope: Financial reporting and capital access
Materiality: high

medium

Emerging-market political and economic instability

The business operates in markets that can be volatile and less predictable.

Scope: India and other emerging-market jurisdictions
Materiality: medium

medium

Litigation and public-company compliance costs

Legal disputes and listing/compliance obligations can consume cash and management time.

Scope: Corporate overhead and investor confidence
Materiality: medium

Marketplace revenue recognition

Affects reported revenue timing and comparability

Bridge notes and debt accounting

Affects liabilities, interest expense, and net loss

Internal control over financial reporting

Affects confidence in reported financial statements

Going-concern assessment

Affects valuation and risk assessment

Zoomcar Holdings, Inc.

Going-concern and liquidity risk

Dependence on marketplace participation

Internal control and reporting weaknesses

Emerging-market political and economic instability

Litigation and public-company compliance costs

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