Repeat usage surges, costs drop double-digits, and EBITDA loss narrows nearly 50% as Zoomcar sharpens its path to profitability

Bangalore, India – August 14, 2025 – Zoomcar Holdings, Inc. (OTCQX: ZCAR) (“Zoomcar” or “the Company”), India’s leading car-sharing marketplace, today announced financial results for its fiscal quarter ended June 30, 2025.

Deepankar Tiwari, CEO of Zoomcar, said:
“FQ-1 2025 was a pivotal quarter for Zoomcar as we strengthened our marketplace fundamentals and achieved new financial milestones. We continued to see meaningful improvements in Guest repeat behavior and Host retention; core elements that drive scale and sustainability. With a record contribution profit and a seventh consecutive profitable quarter on a contribution basis, we believe we’re moving firmly in the right direction. We remain focused on improving the customer experience and leveraging technology to unlock greater value for our Guests and Hosts.”

Key Highlights for FQ-1 2025–2026:

1. Contribution Profit soars to $1.14M, Nearly 50% Margin, and 7-Quarter Profitability Streak
   Zoomcar reported a contribution profit of $1.14 million (49% of GAAP revenue) for FQ1 2025, compared to $0.46 million (20% of GAAP revenue) in FQ1 2024. Contribution profit per booking increased to $10.89, up from $4.07 in the previous fiscal quarter ending June 30, 2024. This marks the seventh consecutive quarter of positive contribution profit.
2. Sustained Growth in Bookings and Repeat Users
   Bookings declines marginally by 7% to 104,549 for FQ1 2025 as compared to 112,944 for comparable quarter however our repeat user rate increased by 45% Quarter over Quarter (13% in FQ1 2025 as compared to 9% in FQ1 2024), driven by product enhancements and loyalty initiative and all of this was achieved without Dollar investments in performance marketing for more than a year.
3. Disciplined Cost Management Supports Record Profitability and Reduced Cash Burn
   Cost of Revenue reduced by 13%, to $1.31 million in FQ1 2025 from $1.51 million in FQ1 2024, supported by operational efficiencies and dynamic pricing . Marketing spend declined 78%, alongside a 22% reduction in G&A and 21% decrease in technology related expenses. Total costs and expenses decreased to $4.07 million in FQ1 2025 down from $5.61 million in FQ1 2024. These savings directly supported improved unit economics and reduced cash burn.
4. Strong Operational Metrics Reflect Customer Experience Gains
   Average Guest trip rating rose to 4.73, up from 4.71 in the prior year.  High-quality cars (rated 4.5+) increased by 54% quarter over quarter (46% in FQ1 2025 as compared to 30% in FQ1 2024).
   
5. Zoomcar Continues Path to Profitability With Nearly 50% Reduction in Losses
   Adjusted EBITDA loss significantly reduced by 47%, from $(3.26) million to $(1.73) million. Loss from operations narrowed significantly by 48%, from $(3.37) million in FQ1 2024 to $(1.76) million in FQ1 2025. The significant reduction in Losses during the current quarter is on top of a material decline of 44% and 67% in Adjusted EBITDA and Loss from operations respectively that the Company achieved during the recently concluded Fiscal year ended March 31, 2025.
6. Strategic Partnerships Strengthen Competitive Advantage

integrated Google Cloud AI to speed onboarding and enhance safety signals, teamed with CARS24 for verified, GPS-enabled host vehicles, and expanded Home Delivery via driver networks to lift coverage and conversion. We also launched ZoomPro for business fleet partners, a unified toolkit for multi-car hosts and operators with real-time fleet insights, pricing controls, and earnings dashboards that improve quality and scale.

Join Us for Our FQ-1 25 Earnings Call

Zoomcar will host its FQ-1 25 earnings call on Thursday, August 14, 2025, at 8:00 AM ET / 5:30 PM IST. Please register here: https://us06web.zoom.us/webinar/register/WN_ZOJqb4FBQcOcx0yXeEL06A#/registration
For more information, including the full investor deck and filings, please visit: https://investor-relations.zoomcar.com/in/

About Zoomcar

Founded in 2013 and headquartered in Bengaluru, Zoomcar is India’s largest peer-to-peer car-sharing marketplace. Through its digital-first platform, Zoomcar connects individual vehicle owners (Hosts) with users (Guests), offering flexible access to vehicles for self-drive carsharing. The company’s mission is to promote smarter, shared mobility that is both economically empowering and environmentally sustainable.

Forward Looking Statement:

Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” and similar words are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning our expected revenue growth and improved profitability, and our financial forecasts. Forward-looking statements are based on our current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings we make with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by us, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

Non-GAAP Financial Measure:

To supplement our financial statements, which are presented on the basis of U.S. generally accepted accounting principles (GAAP), the following non-GAAP measures of financial performance are included in this release: contribution margin, and adjusted EBITDA. A reconciliation of GAAP to adjusted non-GAAP financial measures is included as an attachment to this press release. We believe these non-GAAP financial measures are useful to investors in assessing our operating performance. We use these financial measures internally to evaluate our operating performance and for planning and forecasting of future periods. We also believe it is in the best interests of investors to provide this non-GAAP information. While we believe these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these non-GAAP financial measures. These non-GAAP financial measures may not be reported by competitors, and they may not be directly comparable to similarly titled measures of other companies due to differences in calculation methodologies. The non-GAAP financial measures are not an alternative to GAAP information and are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. They should be used only as a supplement to GAAP information and should be considered only in conjunction with our consolidated financial statements prepared in accordance with GAAP.

Reconciliation of GAAP to Non-GAAP Metrics

The following is the reconciliation of adjusted EBITDA to the most comparable GAAP measure for the quarter ending June 30, 2025 as compared to June 30, 2024.

Adjusted EBITDA is a non-GAAP financial measure that represents our net income or loss adjusted for (i) depreciation and amortization (ii) finance costs, (iii) Gain on troubled debt restructuring and (iv) Other income/Expense.

Contribution Profit/(Loss)

The following is the calculation of Contribution Profit/(Loss) to the most comparable GAAP measure for the quarter ending June 30 2025 as compared to June 30, 2024.

We define contribution profit (loss) as our gross profit/(loss)  plus (a) depreciation expense included in cost of revenue,(b) other general costs included in cost of revenue (rent, software support, insurance, travel); less (i) Host incentive payments and (ii) marketing and promotional expenses (excluding brand marketing).

Contact: investors@zoomcar.com  press@zoomcar.com

Short trips, big cars, and smart hosts power the rise of flexible, self-drive travel across India

Bangalore, India – 13 August 2025: Zoomcar Holdings, Inc. (OTCQX: ZCAR) (“Zoomcar” or “the Company”), India’s leading car-sharing marketplace, today unveiled its Travel Trends 2025 report, offering a deep dive into the shifting habits of Indian road travelers. Based on internal bookings and behavioral data comparing Financial Year 2024 to Financial Year 2025, the report captures the pulse of a nation increasingly embracing flexible, frequent, and self-powered travel.

Zoomcar’s data reveals that Indians are no longer waiting for the perfect vacation – they’re hitting the road more often and on their own terms. A whopping 71% of all trips were under 2 days, showing a clear surge in quick getaways, up from 66% in 2023. Simultaneously, longer trips of over 7 days grew by 28%, signalling a rise in workations and remote work-fueled mobility.

The report highlights a striking generational shift: Gen Z (ages 18–25) now contributes to 31% of all trips, up from 22% just last year. This cohort is fuelling a rise in solo travel, offbeat destinations, and flexible travel windows – transforming how India thinks about road travel. Indians are increasingly traveling together – with bookings for 6-7 seater vehicles rising from 16% to 18%. SUVs are the preferred vehicle of choice, climbing from 30% to 36% of total bookings, while hatchbacks saw a dip from 57% to 51%. Style, space, and safety are becoming non-negotiable on the road.

Beyond metros, the road trip wave is being led by Tier 2 and 3 cities. Travel bookings from Tier 2 cities grew 30%, while Tier 3 cities rose 14%. Cities like Jaipur, Indore, Siliguri, and Madurai witnessed significant upticks in self-drive rentals, signalling a broadening appetite for independent travel across India’s heartland. Zoomcar witnessed a 125% spike in bookings around key festive weekends – such as Holi, Republic Day, and Gandhi Jayanti – underscoring the shift from planned vacations to spontaneous, calendar-driven escapes.

Speaking on the trends, Abhilash Kasliwal, Business Head , Zoomcar said, “Self-drive travel is no longer a niche, it’s a lifestyle. Whether it’s a solo Gen Z traveller heading out for a digital detox, a family SUV escape, or a host earning passive income, Zoomcar is at the centre of this evolving ecosystem. We’re proud to champion flexibility, accessibility, and entrepreneurship through every trip.”

Self-drive isn’t just about convenience, it’s building trust. In 2025, 80% of all trips received 4-star and above ratings (up from 76% in 2023). This reflects growing comfort with car sharing and quality of service across the platform. Zoomcar’s host community is growing into a powerful economic engine. By May 2025, hosts had collectively earned ₹640 crore. The top hosts earned up to ₹7 lakh annually per car, with nearly 49% of all active hosts now rated 4.5 stars and above. Hosting on Zoomcar is fast becoming a reliable side hustle and pathway to micro-entrepreneurship. Zoomcar’s home delivery bookings rose 33% in the first five months of 2025 compared to the same period in 2024, with more users opting for the ease of doorstep access – further cementing self-drive as a habit, not just a holiday hack.

As India’s road mobility space matures, Zoomcar remains committed to building a sustainable, host-driven ecosystem that puts control and convenience in the hands of every traveller.

Read the full report here: https://investor-relations.zoomcar.com/wp-content/uploads/2025/08/Travel-Trends-2025.pdf

About Zoomcar: Founded in 2013 and headquartered in Bengaluru, Zoomcar is India’s largest peer-to-peer car- sharing marketplace. Through its digital-first platform, Zoomcar connects individual vehicle owners (Hosts) with users (Guests), offering flexible access to vehicles for self-drive rentals. The company’s mission is to promote smarter, shared mobility that is both economically empowering and environmentally sustainable.

Forward Looking Statement: Certain statements contained in this press release are not historical facts and may be forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” and similar words are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning our expected revenue growth and improved profitability, and our financial forecasts. Forward-looking statements are based on our current expectations and beliefs,  and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings we make with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by us, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

Bengaluru, India – [August 11, 2025] – 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 investor-relations.zoomcar.com. 

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 investor-relations.zoomcar.com 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@zoomcar.com 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.

Zoomcar leverages Google Cloud’s Gemini models and AI/ML platform to achieve a significant reduction in host onboarding time, host-driven cancellations and also fraud detection on the platform.

Bangalore, India – 6 August 2025 – Zoomcar Holdings, Inc. (“Zoomcar”) (OTCQX: ZCAR), India’s largest peer-to-peer car-sharing marketplace, has collaborated with Google Cloud to integrate Generative AI (GenAI) and Machine Learning into its platform – enhancing how guests book, hosts onboard, and how Zoomcar ensures safety at scale.

The announcement builds on a period of strong financial and operational momentum for the company. In FY24-25, Zoomcar reported a 44% improvement in Adjusted EBITDA, with contribution margin reaching a record 47%, driving approximately $10 in contribution per booking. These gains reflect significant progress in automation, AI-led customer experiences, and operational rigor, many of which are now being further scaled through this deepened technology partnership with Google Cloud.

Over the past three months, Zoomcar has used Google Cloud’s Vertex AI and Gemini models to deploy intelligent AI agents across the user journey. These solutions are already delivering tangible improvements in user experience, operational efficiency, and trust on the platform.

One of our standout innovations is Host Assist – a Large Language Model (LLM)-powered AI assistant designed to simplify and accelerate the host onboarding journey. Hosting a car on Zoomcar comes with its nuances, and Host Assist clarifies the process by delivering instant, 24X7 policy-aware guidance 24×7 to prospective hosts. Built on a Retrieval-Augmented Generation (RAG) framework and leveraging Gemini Flash 2.0 model, Host Assist has helped prospective hosts complete their onboarding journey faster — driving a 30% reduction in average onboarding time. By providing on-the-go, real-time query resolution, it eliminates the need for hosts to wait for live interactions with Zoomcar’s Host Success team.

To support hosts beyond onboarding, we’re building a Host Intelligence Engine — an AI-powered platform that delivers personalized feedback and actionable insights to help maximize host earnings and lifetime value. By analyzing host behavior, actions, and benchmarking against top performers, the engine offers tailored recommendations on key business levers. We’ve begun with Pricing Insights — providing data-backed suggestions to help hosts price their cars more effectively and improve their earnings.

 As part of our broader AI-led efforts to enhance marketplace quality, we’ve also focused on reducing host cancellations — a key factor in guest satisfaction. By leveraging Google Cloud’s Gemini models to analyze host-guest chats and voice calls, we can accurately pinpoint responsibility in cancellation disputes. This enables timely feedback and corrective actions with hosts, leading to improved behavior. This is expected to reduce host-driven cancellations, directly contributing to a better guest experience and repeat rates. Complementing these efforts, we’re also strengthening guest quality — another key pillar of marketplace trust. Leveraging a real-time AI-driven fraud detection engine built on our Customer Data Platform (CDP), we analyze encrypted identity attributes, KYC documents, and selfies to proactively flag suspicious activity. This system equips our operations team with timely alerts and is expected to significantly improve the fraud detection accuracy in future, further enhancing platform integrity and host confidence.

“Generative AI is transforming industries, and Zoomcar is an example of how companies can leverage these tools to create truly intelligent and seamless customer experiences,” said Sashi Sreedharan, Managing Director, Google Cloud India. “We are excited to see Zoomcar’s continued innovation and how their use of Vertex AI and Gemini is setting new benchmarks for efficiency, trust, and personalized interactions in the car-sharing marketplace.”

“Our focus has been to bring GenAI out of the lab and into real-world impact for both our customers and internal customer experience teams. With Google Cloud, we’ve built context-aware AI agents and ML models that are deeply embedded into our workflows that not only drive significant commercial results but also build deeper trust and loyalty with our customers.” said Vishal Ramrakhyani, Head of Product & Engineering at Zoomcar.

About Google Cloud: Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

About Zoomcar: Founded in 2013 and headquartered in Bengaluru, Zoomcar is India’s leading peer-to-peer car-sharing marketplace, connecting Hosts with Guests across 90+ cities. The platform promotes affordable, flexible, and sustainable urban mobility while empowering individuals to become mobility micro-entrepreneurs.

Press Contact: press@zoomcar.com
Investor Relations: investors@zoomcar.com

Forward-Looking Statements: This press release may contain forward-looking statements about our plans, efforts, projections, goals, assumptions, commitments, expectations, or prospects related to our collaboration with Google. These forward-looking statements reflect our management’s current expectations for this alliance and these statements entail significant risk and uncertainty. To identify these forward-looking statements, we use terms such as “may,” “will,” “aim,” “increase,” “estimate,” “intend,” “indicate,” “continue,” “expand,” “empower,” “believe,” “evolve,” “exponentially,” “emerging,” or the negatives thereof, as well as other variations or comparable terminology. We ask that you read statements that contain these terms carefully because we believe this information is important for our investors and customers. 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, assumption, 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.

Zoomcar expands Home Delivery to 14 cities with smarter, seamless fulfillment

Bangalore, India, 30 July 2025 – Zoomcar (OTCQX: ZCAR), India’s largest peer-to-peer car sharing marketplace, has significantly expanded and strengthened its Home Delivery proposition to enhance Guest convenience and boost Host earnings. Through a dual approach, a revamped Host Delivery construct and partnerships with trusted third-party driver platforms, Zoomcar is ensuring that more cars than ever before can be delivered directly to Guests’ doorsteps. Home Delivery has long been one of the most valued features on Zoomcar, with data consistently showing higher click-through rates and booking conversions for delivery-enabled cars. With these changes, Zoomcar is now making Home Delivery more accessible, more reliable, and available at greater scale. It covers more cars, more Hosts, and more cities.

Zoomcar has reimagined how Hosts offer delivery by replacing the rigid “all-or-nothing” toggle with a smarter, more flexible system. Hosts can now set delivery zones on a map, target high-demand hotspots like airports and business districts, and control availability by time of day. They can even pause delivery temporarily without unlisting their car. This intuitive upgrade has already led to a 10% rise in Host participation and sharper booking reliability, giving Guests a smoother, more dependable experience. For Guests, this means greater convenience, fewer trips to pickup points, and improved reliability. For Hosts, it means access to more booking opportunities without the operational overhead of managing deliveries themselves. For Zoomcar’s marketplace, it means better liquidity and higher trust.

To make Home Delivery available for even more cars, especially in major cities, Zoomcar has also partnered with leading app-based driver platforms. In cases where a Host is not opted into delivery, Zoomcar’s driver partners can deliver the car to the Guest’s location. Currently live in 14 cities, including Bangalore, Mumbai, Chennai, Delhi, Hyderabad, Pune, Kanpur, Jaipur, Chandigarh, Ahmedabad, Nasik, Vizag, and Kochi, the service will expand to the remaining top markets by the end of August. Already, 12% of total bookings are being fulfilled via Home Delivery. This figure is expected to double as more cars and cities go live.

“Home Delivery is a game-changer for urban mobility, making self-drive car sharing more accessible and empowering our host community to thrive. By leveraging our driver partner network, Zoomcar is not only enhancing convenience but also fostering a sustainable ecosystem for shared mobility across India”. said Anirudh Lamba, Head of Brand & Partnerships at Zoomcar.

With over 40,000+ cars and 10 million+ users, Zoomcar continues to focus on innovation that enhances marketplace trust and convenience. The redefined Home Delivery experience, combining flexible Host tools and scalable third-party fulfillment, is a key growth driver as Zoomcar deepens its leadership in India’s self-drive car sharing market.

About Zoomcar:
Founded in 2013 and headquartered in Bengaluru, Zoomcar is India’s leading peer-to-peer car-sharing marketplace, connecting Hosts with Guests across 90+ cities. The platform promotes affordable, flexible, and sustainable urban mobility while empowering individuals to become mobility micro-entrepreneurs.

Press Contact: press@zoomcar.com
Investor Relations: investors@zoomcar.com

Forward-Looking Statement:
Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” and similar words are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning our expected revenue growth and improved profitability, and our financial forecasts. Forward-looking statements are based on our current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings we make with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by us, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

With bookings up 10% YoY and repeat users surging 86%, Zoomcar introduces tech suite for large fleet partners to boost earnings and utilization

BANGALORE, India, July 10, 2025 /PRNewswire/ — Zoomcar Holdings, Inc. (OTCQX: ZCAR), India’s leading peer-to-peer car-sharing marketplace, today announced the rollout of ‘ZoomPro‘, a powerful new B2B dashboard designed to enable large fleet partners to manage vehicles, pricing, and bookings with ease, without relying solely on the Zoomcar mobile app.

This launch marks a significant step in Zoomcar’s strategy to consolidate and professionalize the self-drive ecosystem, offering scalable digital infrastructure through ZoomPro for supply partners to grow faster and operate smarter.

“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, Zoomcar. “With ZoomPro, our B2B toolkit empowers fleet operators to drive better performance, higher earnings, and superior guest experiences at scale.”

Key Features of ZoomPro offering for Fleet partners::

• Centralized view of bookings across fleets
• Multi-user access for streamlined operations
• Smart car reassignment with real-time availability
• Vehicle performance tracking and insights
• AI driven pricing insights and recommendations
• e-Invoicing for B2B partners
• API integration suite for seamless fleet management for large B2B partners

Upcoming enhancements to ZoomPro will include seamless bulk onboarding, advanced fleet and booking management controls, and AI-powered recommendation engines designed to optimize performance and maximize revenue. Additionally, partners will benefit from enhanced premium support, leveraging large language model (LLM) technologies to deliver faster, more personalized assistance at scale.

“We’ve designed ZoomPro to reflect how modern fleet operators actually work; multi-city, multi-user, and data-first,” said Vishal Ramrakhyani, Head of Engineering at Zoomcar. “This tool lays the foundation for how our self-drive supply and operations will scale in the future. As we roll out AI-powered recommendations and support in coming months, we’ll empower our Fleet Partners to grow their business on Zoomcar.”

Part of a Larger Transformation

The ZoomPro rollout builds on Zoomcar’s record-breaking FY25 results:

• $4.25M contribution profit, with 47% margin
• 10% YoY growth in bookings
• 86% increase in repeat users
• 58% rise in high-rated host cars (4.5+ stars)
• 67% reduction in operating loss

As Zoomcar sharpens its tech-led, profitable growth strategy, ZoomPro cements its commitment to empowering professional supply and driving ecosystem-wide excellence in India’s self-drive sector.

About Zoomcar

Founded in 2013 and headquartered in Bengaluru, Zoomcar is India’s largest peer-to-peer car-sharing marketplace. It connects individual vehicle owners (Hosts) with users (Guests) through its digital-first platform, promoting flexible, sustainable, and economically empowering mobility.

Zoomcar – Forward-Looking Statements: This press release may contain forward-looking statements about our plans, efforts, projections, goals, assumptions, commitments, expectations, or prospects related to the launch of ‘ZoomPro’. These forward-looking statements reflect our management’s current expectations for this alliance and these statements entail significant risk and uncertainty. To identify these forward-looking statements, we use terms such as “may,” “will,” “aim,” “increase,” “estimate,” “intend,” “indicate,” “continue,” “expand,” “empower,” “believe,” “evolve,” “exponentially,” “emerging,” or the negatives thereof, as well as other variations or comparable terminology. We ask that you read statements that contain these terms carefully because we believe this information is important for our investors and customers. 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, assumption, 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.

Press Contact: press@zoomcar.com
Investor Relations: investors@zoomcar.com

Host Quality, Repeat Usage, and Cost Optimization Drive Turnaround; Contribution Profit Hits

$4.25M, Operating Loss Cut by 67%

Bangalore, India – June 30, 2025 – Zoomcar Holdings, Inc. (OTCQX: ZCAR) (“Zoomcar” or “the Company”), India’s leading car-sharing marketplace, today announced financial results for its fiscal year ended March 31, 2025.

Deepankar Tiwari, CEO of Zoomcar, said:

“FY 2025 was a pivotal year for Zoomcar as we strengthened our marketplace fundamentals and achieved new financial milestones. We continued to see meaningful improvements in Guest repeat behavior and Host retention; core elements that drive scale and sustainability. With a record contribution profit and a sixth consecutive profitable quarter on a contribution basis, we believe we’re moving firmly in the right direction. We remain focused on improving the customer experience and leveraging technology to unlock greater value for our Guests and Hosts.”

Key Highlights for FY 2024–2025:

1. ContributionProfit Reaches All-Time High

Zoomcar reported a record contribution profit of $4.25 million (47% of revenue) for FY25, compared to a loss of $(0.98) million (-10% of revenue) in FY24. Contribution profit per booking increased to $9.96, up from $(2.52) in the previous fiscal year. This marks the sixth consecutive quarter of positive contribution profit.

2. Sustained Growth in Bookings and Repeat Users

Bookings grew 10% YoY, from 387,821 in FY24 to 426,788 in FY25. Our repeat user rate increased by 86% (13% in FY25 as compared to 7% in FY24), driven by product enhancements and loyalty initiatives.

3. Significant Cost Optimization

Cost of Revenue reduced by 49%, from $10.33 million in FY24 to $5.30 million in FY25, supported by operational efficiencies and dynamic pricing . Marketing spend declined 75%, alongside a 43% reduction in G&A and 32% decrease in technology related expenses.

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.

4. Strong Operational Metrics Reflect Customer Experience Gains

Average Guest trip rating rose to 4.70, up from 4.16 in the prior year. High-quality cars (rated 4.5+)

increased by 58% (49% in FY25 as compared to 31% in FY24).

5. Improved Profitability and Lower Adjusted Losses

Adjusted EBITDA loss improved by 44%, from $(17.85) million to $(9.91) million. Loss from operations narrowed significantly by 205%, from $(31.67) million in FY24 to $(10.40) million in FY25.

6. Operational Excellence: Strengthening the Backbone for Scalable Growth

Zoomcar launched advanced vehicle inspection and GPS safety protocols in partnership with a leading ecosystem player to enhance quality and transparency across host vehicles. We are also rolling out in the next quarter, new B2B tools to help fleet operators seamlessly manage and scale their inventory on the platform. Early adoption of AI-led support and fraud detection has improved platform efficiency and guest trust, laying a strong foundation for Zoomcar’s next phase of tech- driven, high-quality growth.

Join Us for Our FY24-25 Earnings Call

Zoomcar will host its FY24-25 earnings call on Monday, June 30, 2025, at 8:00 AM ET / 5:30 PM IST. Please register here: https://us06web.zoom.us/webinar/register/WN_gCU972PFSBmRtLaDcqpjGw#/registration For more information, including the full investor deck and filings, please visit: https://investor- relations.zoomcar.com/in/

About Zoomcar

Founded in 2013 and headquartered in Bengaluru, Zoomcar is India’s largest peer-to-peer car- sharing marketplace. Through its digital-first platform, Zoomcar connects individual vehicle owners (Hosts) with users (Guests), offering flexible access to vehicles for self-drive rentals. The company’s mission is to promote smarter, shared mobility that is both economically empowering and environmentally sustainable.

Forward Looking Statement:

Certain statements contained in this press release are not historical facts and may be forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” and similar words are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning our expected revenue growth and improved profitability, and our financial forecasts. Forward-looking statements are based on our current expectations and beliefs,

and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings we make with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by us, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

Non-GAAP Financial Measure:

To supplement our financial statements, which are presented on the basis of U.S. generally accepted accounting principles (GAAP), the following non-GAAP measures of financial performance are included in this release: contribution margin, and adjusted EBITDA. A reconciliation of GAAP to adjusted non-GAAP financial measures is included as an attachment to this press release. We believe these non-GAAP financial measures are useful to investors in assessing our operating performance. We use these financial measures internally to evaluate our operating performance and for planning and forecasting of future periods. We also believe it is in the best interests of investors to provide this non-GAAP information. While we believe these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these non-GAAP financial measures. These non-GAAP financial measures may not be reported by competitors, and they may not be directly comparable to similarly titled measures of other companies due to differences in calculation methodologies. The non- GAAP financial measures are not an alternative to GAAP information and are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures.

They should be used only as a supplement to GAAP information and should be considered only in conjunction with our consolidated financial statements prepared in accordance with GAAP.

Reconciliation of GAAP to Non-GAAP Metrics

The following is the reconciliation of adjusted EBITDA to the most comparable GAAP measure for the year ending March 31, 2025 as compared to March 31, 2024.

Adjusted EBITDA is a non-GAAP financial measure that represents our net income or loss adjusted for (i) Exceptional non-recurring expenses (ii) stock-based compensation expense,(iii) depreciation and amortization (iv) finance costs, (v) Gain on troubled debt restructuring and (vi) Other income/Expense.

Contribution Profit/(Loss)

The following is the calculation of Contribution Profit/(Loss) to the most comparable GAAP measure for the year ending March 31 2025 as compared to March 31, 2024.

We define contribution profit (loss) as our gross profit/(loss) plus (a) depreciation expense included in cost of revenue, (b) stock-based compensation expense included in cost of revenue, (c) other general costs included in cost of revenue (rent, software support, insurance, travel); less (i) Host incentive payments and (ii) marketing and promotional expenses (excluding brand marketing).

Contact: investors@zoomcar.com press@zoomcar.com

A timely partnership for today’s global traveler navigating rising tariffs, airfare hikes, and a return to local-first exploration

[Bengaluru, India | Date] – Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (OTCQX: ZCAR), the leading marketplace for self-drive car sharing in India, has partnered with Wego,the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), to offer seamless access to self-drive rentals for travelers exploring India.

This partnership comes at a pivotal moment in global tourism. With rising airfares, currency fluctuations, and tariff tensions between major economies causing uncertainty across global tourism and trade flows, travelers are shifting focus from long-haul luxury to cost-conscious, high-control experiences closer to home. India, with its expanding infrastructure, diverse road-trip routes, and favorable exchange rates, is emerging as a high-value destination for both domestic and inbound regional travel.

“We’re seeing a decisive shift in how people want to travel — flexibility, independence, and immersion matter more than ever,” said Anirudh Lamba – Head of Partnerships, Zoomcar. “Our partnership with Wego helps us serve evolving travellers better, especially those coming from the Middle East and Southeast Asia who want to explore India on their own terms.”

Through this partnership, Wego users will now be able to:

• Book from 25,000+ self-drive cars across 99+ cities in India directly via the Wego platform (website and app), with hyperlocal availability. 
• Enjoy a seamless booking process integrated into Wego’s global travel ecosystem. 

According to Wego’s 2025 Q1 data, travel interest from GCC countries to India has surged by over 40% YoY, driven by family travel, medical tourism, and digital nomad movement. Zoomcar’s data also reveals that travelers are increasingly choosing self-drive for longer duration itineraries especially during vacations and long weekends, valuing autonomy, privacy, and cost-effectiveness.

Bernard Corraya, General Manager, India, said:  “We are thrilled to partner with Zoomcar to bring greater convenience and control to travelers exploring India. This collaboration supports our mission to enhance every stage of the traveler’s journey from flight and stay to local mobility. With self-drive access now just a tap away, our users can unlock a more personal and memorable way to experience one of the world’s most diverse destinations.”

The Zoomcar-Wego partnership is timely, empowering users with greater flexibility amidst changes globally impacting travel choices. With ongoing tariff restructuring across Asia, increasing scrutiny on imported luxury goods and services, and a clear tilt towards domestic value creation, Zoomcar represents a homegrown, cost-efficient alternative to traditional ground transport for both domestic and international audiences.

As more travelers rethink how they move, discover, and spend, this partnership offers a powerful solution: freedom, value, and the open road.

About Zoomcar
Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for car sharing focused in India. The Zoomcar community connects Hosts with Guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in India.

About Wego
Wego is the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA).

It provides award-winning travel search websites and top-ranked mobile apps for travelers living in the Asia Pacific and the Middle East regions. Wego harnesses powerful yet simple to use technology that automates the process of searching and comparing results from hundreds of airlines, hotels, and online travel agency websites.

Wego presents an unbiased comparison of all travel products and prices offered in the marketplace by merchants, both local and global, and enables shoppers to quickly find the best deal and place to book whether it is from an airline or hotel directly or with a third-party aggregator website.

The company was founded in 2005 and is dual headquartered in Dubai and Singapore with regional operations in Bangalore, Riyadh, Cairo, Lahore, and Kuala Lumpur.

Media contact: nadine@wego.com

Forward Looking Statements

This press release may contain forward-looking statements about our plans, efforts, projections, goals, assumptions, commitments, expectations, or prospects related to our collaboration with Wego. These forward-looking statements reflect our management’s current expectations for this alliance and these statements entail significant risk and uncertainty. To identify these forward-looking statements, we use terms such as “may,” “will,” “aim,” “increase,” “estimate,” “intend,” “indicate,” “continue,” “expand,” “empower,” “believe,” “evolve,” “exponentially,” “emerging,” or the negatives thereof, as well as other variations or comparable terminology. We ask that you read statements that contain these terms carefully because we believe this information is important for our investors and customers. 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, assumption, 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.

Zoomcar Press Contact: Press@zoomcar.com

Investor Relations Contact: Investors@zoomcar.com

Bangalore, India — May 12, 2025 — Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (OTCQX: ZCAR), the leading marketplace for self-drive car sharing in India, today announced the appointment of Mr. Deepankar Tiwari as its Chief Executive Officer, effective May 9, 2025. This change in leadership sets the stage for Zoomcar to deepen its market presence while driving strategic initiatives and elevating the user experience.

Mr. Tiwari brings over 25 years of leadership experience in the automotive and mobility sectors. He spent more than two decades with the Tata Group, serving in various leadership roles within Tata Motors’ Passenger Vehicle division, and later at Tata Sons, the Group’s holding company. Following this, he led Vehicle Solutions and Business Development for the Asia-Pacific region at Uber Technologies until 2020. Since 2019, Mr. Tiwari has served as an advisor to Zoomcar India Private Limited, and since February 2025, he has been a board observer to the Company.

“Deepankar’s deep industry expertise, strategic mindset, and strong execution capabilities make him the ideal leader to take Zoomcar into its next chapter,” said Uri Levine, Chairman of the Board. “His familiarity with the business and passion for mobility will help us scale new heights.”

“I’m excited to take on the role of CEO at such a pivotal moment,” said Deepankar Tiwari. “Zoomcar has built a strong foundation in shared mobility, and I look forward to working with our talented team to unlock the next wave of value for our customers, partners, and shareholders.”

Under Mr. Tiwari’s leadership, Zoomcar aims to deepen its presence in key emerging markets, enhance platform efficiencies, and reinforce its position as a category-defining leader in peer-to-peer car sharing. His extensive background in both corporate and entrepreneurial settings is expected to bring strategic focus, agile execution, and long-term value creation for the Company.

About Zoomcar:

Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for self-drive car sharing focused in India. The Zoomcar community connects Hosts with Guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in India.

Forward Looking Statements

This press release contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond the Company’s control. These forward-looking statements within the meaning under applicable law, can be identified by the use terms such as “may,” “will,” “aim,” “empower,” “estimate,” “intend,” “indicate,” “continue,” “promote,” “believe,” “boosting”, “elevate,” or “enhance,” or the negatives thereof, as well as other variations or comparable terminology. We ask that you read statements that contain these terms carefully because we believe this information is important for our investors and customers. 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 we 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.

Press Contact:

Press@zoomcar.com 

Investor Relations Contact:

Investors@zoomcar.com

Bangalore, India — May 8, 2025 — Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (OTCQX: ZCAR), a leading marketplace for self-drive car sharing in India, announced that its common shares and warrants are transitioning from the Nasdaq Global Markets to trading on the OTCQX Best Market and the OTCQB Venture Market, respectively, under the ticker symbols of “ZCAR” and “ZCARW”, respectively. The OTCQX Market represents the highest market of OTC Markets Group’s offerings and is designed for established, investor-focused U.S. and international companies. Trading on OTCQX enables Zoomcar to provide the greatest transparency, increased visibility, and accessibility to investors available in the OTC Markets.

Zoomcar’s transition to the OTCQX Market is expected to ensure continuity in trading of its common stock while supporting its mission of empowering hosts and providing affordable, flexible transportation solutions to guests.

US investors can find current financial disclosure and real time Level 2 quotes for the company on www.otcmarkets.com.

Zoomcar will aim to list later this year on a national exchange in the U.S.

About Zoomcar

Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for self-drive car sharing focused in India. The Zoomcar community connects Hosts with Guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in India.

Forward Looking Statements

This press release contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond the Company’s control. These forward-looking statements within the meaning under applicable law, can be identified by the use terms such as “may,” “will,” “aim,” “empower,” “estimate,” “intend,” “indicate,” “continue,” “promote,” “believe,” “boosting”, “elevate,” or “enhance,” or the negatives thereof, as well as other variations or comparable terminology. We ask that you read statements that contain these terms carefully because we believe this information is important for our investors and customers. 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 we 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.

Press Contact:

Press@zoomcar.com

Investor Relations Contact:

Investors@zoomcar.com