Bengaluru, India – [9 August, 2024] – Zoomcar, Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (Nasdaq: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, has successfully launched their first Fulfillment Center in Chennai with plans to add 100+ centers & 1000+ cars by December 2024. These Fulfillment Centers are operated by 3rd party service providers who are verified, trained and guided by Zoomcar. Designed to elevate Guest experiences, these centers manage end to end operations of car listings on behalf of Hosts who want to earn by sharing their cars but find it challenging to do it themselves.

The key success factors of top Zoomcar Hosts who earn up to ₹60,000 per month with a single car is a 4.5+ rating, easy availability at high demand locations, and a good car model. Zoomcar with its 11 years of expertise in running a car sharing business helps these Fulfillment Centers on providing high quality services to Guests. Hosts pay a nominal fee to get an array of services from these centers like managing their car, regular cleanliness, safe & secure parking space at top locations in hot spots, delivery & pick up of car to Guests & service centers, one on one coordination with Guests, & many more.

Cars managed through the Fulfillment Center are tagged as “Assured by Zoomcar” on the Zoomcar app, offering Guests reliable booking options with 24/7 pick-up and drop-off. Zoomcar’s pilot in Chennai has shown promising results, where over 20 Hosts showed interest in listing their cars within days of launch and got an average of 3 bookings within 24 hours of car listing.

Hiroshi Nishijima, CEO of Zoomcar, said: “Since 2013 we’ve been the largest platform for self drive cars in India and we are obsessed with providing assured bookings to our Guests. With our decade long experience we wanted to extend our expertise to Hosts to simplify car sharing for them and help manage their cars without any operational hustle. It’s like signing up for an SIP and getting regular returns.”

“As a Zoomcar Host, I’ve been thrilled with the earnings potential from car sharing. Signing up with the Fulfillment Center has made the entire process incredibly easy and convenient. I no longer have to worry about the logistics allowing me to earn a steady income without any hassle. It’s the perfect solution for someone like me who wants to share my car but doesn’t have the time to manage it personally.” said Mr. A Prathap, a satisfied Zoomcar Host from Chennai. 

Zoomcar previously operated on a car ownership business model before it turned to a marketplace. Their expertise in providing smooth Guest experiences over 11 years will translate into Host success stories via these Fulfillment Centers. Zoomcar aims to grow this model and encourage the addition of over 1000+ Hosts across 100+ cities by December 2024. 

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.

Forward Looking Statement:

This press release may contain forward-looking statements about our plans, efforts, projections, goals, commitments, expectations, or prospects related to the Fulfillment Centers launched in partnership with our service providers. These forward-looking statements reflect our management’s current expectations with respect to this partnership and enhanced Guest experience through these Fulfillment Centers thereof and these statements may entail significant risk and uncertainty. To identify these forward-looking statements, we use terms such as “may,” “will,” “aim,” “elevate”, “promising” “encourage,” “estimate,” “intend,” “indicate,” “continue,” “promote,” “believe,” “grow”,  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.

Contact:

Akarshit Gulati: akarshitg@avianwe.com

Bhagyashree Rewatkar: bhagyashree.rewatkar@zoomcar.com