Bengaluru, India — (January 21, 2026) Zoomcar Holdings, Inc. (OTCQB:ZCAR), India’s leading peer-to-peer car-sharing marketplace, today announced that it is evaluating a potential uplisting to a U.S. national securities exchange, subject to customary regulatory requirements, market conditions, and approvals. In connection with this process, the Company has engaged an investment bank to support the process.

The engagement reflects Zoomcar’s continued focus on strengthening its presence in the U.S. capital markets and supporting the Company’s long-term growth strategy as a publicly traded, asset-light mobility marketplace. There can be no assurance that any application to a national securities exchange will be approved or that an uplisting will occur.

“As Zoomcar continues to execute on its strategy and demonstrate the scalability of our marketplace model, we have engaged an investment bank to support our pursuit of a potential uplisting to a U.S. national securities exchange,” said Deepankar Tiwari, Chief Executive Officer of Zoomcar. “

While subject to customary regulatory requirements, market conditions, and approvals, we believe a relisting can enhance institutional visibility, and better align our public market presence with the scale of our opportunity.

About Zoomcar

Founded in 2013, Zoomcar (OTCQB: ZCAR) is India’s leading peer-to-peer car-sharing marketplace, connecting vehicle owners (“Hosts”) with customers (“Guests”) seeking flexible and affordable mobility solutions. Zoomcar operates an asset- light platform model and serves millions of users across India.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” “aim,” “project,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding the Company’s intention to pursue an uplisting of its common stock to a U.S. national securities exchange, the anticipated timing, process, and potential benefits of any such uplisting, the Company’s engagement of financial and other advisors in connection with the uplisting process, and the Company’s capital markets and growth strategies.

These forward-looking statements are based on management’s current expectations and assumptions and involve significant risks and uncertainties. Factors that could cause actual results to differ materially include, among others: the Company’s ability to meet applicable listing standards; the outcome of any listing application and review process; regulatory approvals and compliance matters; market, economic, and capital markets conditions; the Company’s operating performance and financial condition; investor demand and trading liquidity; and the possibility that the Company may delay, modify, suspend, or discontinue its uplisting efforts at any time.

Actual results could differ materially from those expressed or implied by these forward-looking statements. Additional risks and uncertainties are described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2025, its subsequent Quarterly Reports on Form 10-Q, and other filings with the U.S. Securities and Exchange Commission.

Except as required by law, Zoomcar undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, whether as a result of new information, future events, or otherwise.

No Offer or Solicitation

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.