Tag Archives: Zoomcar

Cab travel have picked up momentum in the past decade.

Zoomcar revamps website amid surge in booking due to weddings

In a recent survey conducted by Zoomcar Holdings, Inc. has reported a 43% year-on-year growth in bookings for November, driven primarily by a surge in demand during the wedding season.

This year’s wedding season in India has been the strongest in recent years, emerging as one of the biggest contributors to this growth. With the assumption of a similar growth trend as the upcoming holiday season approaches, Zoomcar recognises the importance of broadening and diversifying its booking channels to capture greater market potential and has revamped its website booking experience to provide a seamless and user-friendly booking experience, matching the convenience of its mobile app.

Hiroshi Nishijima, CEO, Zoomcar, said: “At Zoomcar, we are deeply committed to enabling hassle-free travel experiences for our Guests and our focus remains on providing Guests a Zoomcar to drive anytime, anywhere. Our website enhancements are a testament to our dedication to listening to our customers and evolving to meet their needs. We’re proud to see such a strong response for self-drive car sharing and are excited to continue empowering Guests to explore their destinations with freedom and flexibility.”

Over the last two quarterly reports, Zoomcar consistently reported significant profitability improvements and this is a step towards strategic investments aimed to meet growing customer demand and enhance the overall travel experience. By aligning its services with customer feedback, Zoomcar continues to lead in the self-drive car sharing space, empowering travellers with flexible and affordable solutions.

 

Zoomcar Revamps Website Amid 43% Booking Surge in November, Driven by Rising Wedding Demand

In a recent survey conducted by Zoomcar Holdings, Inc., India’s leading car-sharing marketplace, reported a remarkable 43% year-on-year growth in bookings for November, driven primarily by a surge in demand during the wedding season. This year’s wedding season in India has been the strongest in recent years, emerging as one of the biggest contributors to this growth. With the assumption of a similar growth trend as the upcoming holiday season approaches, Zoomcar recognizes the importance of broadening and diversifying its booking channels to capture greater market potential and has revamped its website booking experience to provide a seamless and user-friendly booking experience, matching the convenience of its mobile app.

Zoomcar understands the importance of catering to a broader audience who may travel less frequently and not use an app as often and therefore upgraded their website experience. Key updates include integrating new sections for offers, curated car lists, and guest stories, along with city pages highlighting local travel options, further enrich the booking experience, enabling users to make well-informed decisions with real car images, ratings and reviews from other Guests. The website now boasts an enhanced user experience with a fresh design, updated color scheme, and a cleaner homepage for effortless navigation.

Hiroshi Nishijima, CEO, Zoomcar, said, “At Zoomcar, we are deeply committed to enabling hassle-free travel experiences for our Guests and our focus remains on providing Guests a Zoomcar to drive anytime, anywhere. Our website enhancements are a testament to our dedication to listening to our customers and evolving to meet their needs. We’re proud to see such a strong response for self-drive car sharing and are excited to continue empowering Guests to explore their destinations with freedom and flexibility.”

Cab travel have picked up momentum in the past decade.

Zoomcar launches ‘Zoomcar Cabs’ in Benglauru

Zoomcar Holdings, Inc. has launched Zoomcar Cabs, as a pilot in Bengaluru that provides commercial cars with professional drivers at the best prices.

Expanding beyond its successful self-drive offerings, this move reflects Zoomcar’s commitment to listening to Guests feedback, introducing Zoomcar Cabs as an added service to meet growing demand and fulfill the diverse travel needs of its customers.

With Zoomcar Cabs, Guests now have the flexibility to choose from a wide variety of vehicles, including hatchbacks, sedans, and SUVs, as well as the ability to select specific car models which is in contrast to the existing market where users usually only have the option to select the car category. Guests simply need to add their pick-up or start location on the app and have full control of their stops, routes, destinations, etc. without the need to update it on the app, unlike other cab apps.

Zoomcar Cabs offers the freedom to book a car for as little as two hours to extended periods of over 30 days. Zoomcar’s platform continues to prioritize transparency and reliability, offering a clear and user-friendly pricing structure. The rental fee for Zoomcar Cabs includes driver allowances, fuel costs, and a fixed kilometer limit.

These unique features set Zoomcar Cabs apart from other cab services and apps, ensuring Guests experience a combination of diversity, quality, choice, and freedom to modify their itinerary in real time allowing them to tailor their travel preferences.

Whether for business trips, family vacations, or everyday commutes, Zoomcar Cabs is designed to meet diverse use cases, ensuring comfort, reliability, and affordability. Guests can easily book their preferred vehicles through Zoomcar’s seamless platform, reinforcing Zoomcar’s commitment to delivering hassle-free travel experiences.

Hiroshi Nishijima, CEO, Zoomcar, said, “At Zoomcar, we have always been committed to enhancing mobility solutions that cater to the evolving needs of our customers. The launch of Zoomcar Cabs marks a significant step in fulfilling this commitment and allows us to extend our offerings to travelers who prefer the convenience of chauffeur-driven vehicles while maintaining the same level of choice, quality, and transparency that Zoomcar is known for. “

The launch of Zoomcar Cabs as a pilot in Bengaluru marks a significant step in Zoomcar’s journey, offering customers a new level of flexibility and convenience. As a pioneer in the car-sharing market, the company continues to evolve its offerings to meet the dynamic needs of modern travellers.

Zoomcar Raises USD 9.15 Million in Placement

 

Zoomcar Holdings, Inc. announced it has raised USD 9.15 million through a private placement with institutional investors. The funding will assist the company in repaying approximately USD 3.6 million of existing debt, with the balance earmarked for general corporate purposes and to support working capital needs. This private placement underscores Zoomcar’s strategy to strengthen its financial position and enhance operational flexibility.

In this transaction, Zoomcar will issue 2,137,850 units priced at USD 4.28 each. Each unit comprises one share of common stock or a pre-funded warrant, two Series A warrants, and one Series B warrant. The Series A warrants allow for the purchase of additional common shares at an initial price of USD 4.03 and have a five-year term, while the Series B warrants are exercisable at USD 0.0001 and remain effective until fully utilised. Both warrant types are subject to stockholder approval and certain adjustment terms, including potential price resets and stock splits.

The closing of the private placement is slated for around November 6, 2024, pending customary closing conditions. Aegis Capital Corp. is serving as the exclusive placement agent, assisting Zoomcar with the transaction. The private placement benefits from an exemption under the Securities Act of 1933, meaning the securities offered in this placement are not registered and may not be sold in the United States without registration or an applicable exemption.

Zoomcar has agreed to file registration statements with the SEC to enable resale of the shares and warrants issued in the placement. This filing will allow investors the option to resell their securities in compliance with U.S. securities laws, thus supporting potential liquidity for investors. The announcement does not constitute a public offering or solicitation in any jurisdiction where such action would be restricted by law.

Zoomcar & Mappls partner for AI-powered travel

 

Zoomcar, a leading self-drive car sharing platform listed on NASDAQ (ZCAR), has partnered with Mappls MapmyIndia, India’s top digital mapping and geospatial software company. This collaboration integrates Zoomcar’s services into the Mappls app, enhancing travel planning by allowing users to seamlessly book cars while planning trips through Mappls.

With over 25,000 cars in 99+ cities, Zoomcar offers a wide range of vehicles, catering to every type of traveller. From budget options to luxury rides, users can easily book their desired car through the Mappls app, which also offers zero security deposits, unlimited kilometers, and convenient pickup and delivery options.

The Mappls app simplifies travel with features like 3D junction views, real-time safety alerts, and AI-powered travel solutions for personalised trip planning. Through this partnership, travellers can effortlessly plan their routes and book Zoomcars while enjoying Mappls’ advanced navigation tools.

Hiroshi Nishijima, CEO, Zoomcar and Rohan Verma, CEO, Mappls expressed excitement about the collaboration, highlighting its potential to revolutionise travel planning and enhance convenience for users. This partnership marks a significant step toward making travel smoother, more organised, and accessible for today’s tech-savvy consumers.

Air India Express and Zoomcar team up for seamless travel experience

 

Zoomcar Holdings, Inc., the leading marketplace for self-drive car sharing, has partnered with Air India Express to enhance the travel experience for its guests. This collaboration aims to provide seamless access to self-drive car rentals across multiple cities in India. With Zoomcar’s delivery option, guests can easily get a car of their choice delivered and picked up directly from the airport.

Through this partnership, Air India Express guests in 20 cities across India can now book self-drive cars directly on the airline’s award-winning app and website. Zoomcar’s extensive fleet includes top-rated self-drive cars hosted by locals, including SUVs, hatchbacks, sedans, and EVs, catering to diverse luggage requirements and travel preferences.

The partnership caters to guests with varying requirements, leveraging the extensive fleet options and ensuring ample space for baggage carried through Air India Express’s convenient add-on packs.

This collaboration will further help guests with bespoke travel experiences to destinations from the nearest city airports with maximum ease and convenience.

Greg Moran, CEO and Co-founder, Zoomcar, emphasised that the partnership is focused on providing improved and personalised travel experiences for guests. He highlighted the convenience of Zoomcar’s airport delivery feature, which allows guests to get a self-drive car from arrival to departure as easily as online food delivery.

Ankur Garg, CCO, Air India Express, stated that the airline is committed to providing a truly personalised travel experience and that the partnership with Zoomcar will bring convenience to yet another key touchpoint in the travel journey.

The service eliminates the need for traditional paperwork, allowing guests to activate their Zoomcar rental with just their driver’s license, national ID, and a quick selfie. The service caters to both short-term needs, with rentals starting from 8 hours, and extended journeys. Zoomcar’s keyless access technology empowers users to lock and unlock their chosen vehicle directly through the user-friendly mobile app, eliminating the need to meet with a representative at pick-up or drop-off.