BENGALURU

Zoomcar Partners with ACKO Drive; Empowers Local Hosts to Increase Car Fleet on its Car-Sharing Marketplace Platform

Retrieved on: 
Wednesday, March 27, 2024
Freedom, INR, Growth, Drive, Partnership, SVP, Travel, Insurance, Online shopping

BENGALURU, India, March 27, 2024 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (Nasdaq: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, has partnered with ACKO Drive, a car buying platform by ACKO, to empower local Zoomcar Hosts to expand their car fleet.

Key Points: 
  • BENGALURU, India, March 27, 2024 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (Nasdaq: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, has partnered with ACKO Drive, a car buying platform by ACKO, to empower local Zoomcar Hosts to expand their car fleet.
  • With this partnership, ACKO Drive is offering Zoomcar Hosts substantial savings of up to INR 85,000 on new car purchases along with attractive offers on car financing with instant loan approval, express car delivery and more.
  • Zoomcar Hosts earned approximately $4 million according to Zoomcar’s Q3 2023 results , and are focused on making car hosting just as popular as car renting.
  • Through this collaboration, ACKO Drive will facilitate easier access to Zoomcar Hosts by extending exclusive offers, which will further enable them to increase their earnings potential from car sharing.

EaseMyTrip Partners With Zoomcar to Provide Pre-Booked and On-Demand Self-Drive Cars in India 

Retrieved on: 
Tuesday, March 19, 2024
Freedom, SUV, Partnership, Travel, MG ZS (crossover), Kia Carens, Tata Nexon, Zoomcar, Government, Tourism

With this partnership, Zoomcar’s wide range of self-drive cars have been seamlessly integrated into the EaseMyTrip platform, allowing users to book their preferred Zoomcar directly from the EaseMyTrip app offering travelers convenience  and flexibility in planning their journeys.

Key Points: 
  • With this partnership, Zoomcar’s wide range of self-drive cars have been seamlessly integrated into the EaseMyTrip platform, allowing users to book their preferred Zoomcar directly from the EaseMyTrip app offering travelers convenience  and flexibility in planning their journeys.
  • The partnership between Zoomcar and EaseMyTrip marks a significant milestone in the evolution of travel services available in India.
  • "Our collaboration with EaseMyTrip is a turning point in our journey to redefine urban mobility for India,” said Zoomcar CEO Greg Moran.
  • “We aim to offer a new dimension of convenience and flexibility, empowering travelers to explore India with ease and confidence.

Zoomcar to Participate in the 36th Annual ROTH Conference

Retrieved on: 
Thursday, March 7, 2024
Sustainability, CO, Conference, Consumer, Metal

BANGALORE, India, March 07, 2024 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc. (Nasdaq: ZCAR) (“Zoomcar,” the “Company,” “we,” or “our”), the leading marketplace for car sharing in emerging markets, will be attending the 36 th Annual ROTH Conference being held on March 17-19, 2024, at The Ritz Carlton Laguna Niguel in Dana Point California.

Key Points: 
  • BANGALORE, India, March 07, 2024 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc. (Nasdaq: ZCAR) (“Zoomcar,” the “Company,” “we,” or “our”), the leading marketplace for car sharing in emerging markets, will be attending the 36 th Annual ROTH Conference being held on March 17-19, 2024, at The Ritz Carlton Laguna Niguel in Dana Point California.
  • Zoomcar CEO and Co-Founder Greg Moran will hold one-on-one meetings with institutional investors at the conference.
  • The 36th Annual ROTH Conference will feature one-on-one and small group meetings, company presentations, analyst-selected fireside chats, and industry panels with approximately 500 private and public companies across a variety of growth sectors including Consumer, Technology & Media, Sustainability & Industrial Growth, AgTech, Energy, Metals & Mining, Healthcare, Services, and Insurance.
  • To receive additional information or to schedule a one-on-one meeting with management, please contact your Roth representative or email [email protected] .

Zoomcar and SPARKCARS Forge Transformative Partnership to Raise EV Car Adoption in Self-Drive Space

Retrieved on: 
Tuesday, February 20, 2024
EVS, EV, Freedom, Transport, Tata Nexon, ICE, Entrepreneurship, Zoomcar, Ecosystem, Internal combustion engine, Travel, Partnership

With a commitment to rapid expansion, Zoomcar and SPARKCARS plan to introduce over 1,000 electric vehicles to Zoomcar's platform across India within the next two years.

Key Points: 
  • With a commitment to rapid expansion, Zoomcar and SPARKCARS plan to introduce over 1,000 electric vehicles to Zoomcar's platform across India within the next two years.
  • These EVs can be easily booked directly on the Zoomcar app without any security deposit or KM limit.
  • United by a shared vision to tackle infrastructure challenges, increase EV adoption and cultivate a vibrant EV community, this collaboration marks a significant milestone in India's journey towards sustainable transportation solutions.
  • Not owning a car myself, this partnership aligns perfectly with my values of sustainability and convenience, offering me the freedom to explore without the burden of ownership.

Zoomcar Reports Fiscal Third Quarter 2023 Results

Retrieved on: 
Wednesday, February 14, 2024
Investment, Marketing, News, Growth, Calendar, Entrepreneurship, Communication, GAAP, GBV, Host, G&A, Travel

BANGALORE, India, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc. (Nasdaq: ZCAR) (“Zoomcar,” the “Company,” “we,” or “our”), the leading marketplace for car sharing in emerging markets, today reported select financial results for the third fiscal quarter ended December 31, 2023.

Key Points: 
  • BANGALORE, India, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc. (Nasdaq: ZCAR) (“Zoomcar,” the “Company,” “we,” or “our”), the leading marketplace for car sharing in emerging markets, today reported select financial results for the third fiscal quarter ended December 31, 2023.
  • In FQ3 2023, Zoomcar Hosts earned approximately $4 million.
  • Zoomcar achieved a record average transaction size of over $75 per booking during the quarter.
  • Results compare 2023 fiscal third quarter end (December 31, 2023) to 2022 fiscal third quarter end (December 31, 2022) unless otherwise indicated.

Zoomcar Partners with CARS24 to Redefine Car Hosting Landscape

Retrieved on: 
Wednesday, February 7, 2024
Partnership, Zoomcar, INR, Ecosystem, SUV, Entrepreneurship, Luxury, CARS24, City, Airport, EVS, Small business, Online shopping

Zoomcar hosts can now take advantage of potential substantial savings of up to INR 1 lakh along with additional benefits of up to INR 20,000 on pre-inspected and certified used car purchases from CARS24.

Key Points: 
  • Zoomcar hosts can now take advantage of potential substantial savings of up to INR 1 lakh along with additional benefits of up to INR 20,000 on pre-inspected and certified used car purchases from CARS24.
  • This partnership will also allow Zoomcar hosts an option to easily upgrade their present cars on CARS24 to receive additional benefits.
  • “We’re delighted to partner with CARS24 to bring these innovative, competitively priced used car and financing options to our hosts," said Greg Moran, CEO and Co-Founder Zoomcar.
  • Kannan, a 35-year-old Zoomcar super host in Mumbai with five cars listed on the Zoomcar marketplace, said "The Zoomcar and CARS24 partnership is a game-changer for multi-car hosts like me.

Zoomcar Introduces New Product Category with 50% Lower Pricing

Retrieved on: 
Wednesday, January 31, 2024
NPS, Zoomcar, Fear, Freedom, SUV, Luxury, Privacy, City, Charity shop, Airport, Trust, EVS, Online shopping

BANGALORE, India, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (Nasdaq: ZCAR), the leading marketplace for car sharing in emerging markets, today announced a new product category on its platform called the Thrift Store.

Key Points: 
  • BANGALORE, India, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (Nasdaq: ZCAR), the leading marketplace for car sharing in emerging markets, today announced a new product category on its platform called the Thrift Store.
  • This new product category is a powerful move by the recently NASDAQ-listed company, offering up to 50% lower pricing for same-day bookings and up to 30-45% off for next day bookings, providing greater affordability and accessibility for guests.
  • Designed to reinforce the relative value and competitive pricing of self-drive, Thrift Store’s transparent and predictable new affordable pricing structure aims to build trust and foster long-term relationships with its valued customers.
  • The Thrift Store product launch is a testament to Zoomcar's commitment to customer-centric innovation and its broader focus toward building a stronger self-drive car sharing ecosystem.

Zoomcar Announces the Appointment of Adarsh Menon as President

Retrieved on: 
Tuesday, January 16, 2024
Entrepreneurship, Flipkart, Zoomcar, Hindustan Unilever, Travel, Customer experience, Recommerce, Menon, Hypervalue, Management

(“Zoomcar” or the “Company”) (Nasdaq: ZCAR), the leading marketplace for car sharing in emerging markets, has announced the appointment of Adarsh Menon as its President to lead its business.

Key Points: 
  • (“Zoomcar” or the “Company”) (Nasdaq: ZCAR), the leading marketplace for car sharing in emerging markets, has announced the appointment of Adarsh Menon as its President to lead its business.
  • In his new role, Menon will be responsible for all aspects of Growth, Operations, and Customer Experience for the Company.
  • Menon is a seasoned industry leader with over 22 years of experience and has joined Zoomcar after an eight-and-a-half-year stint with Flipkart and a twelve-year stint with Hindustan Unilever.
  • Menon enjoys solving the complex problems associated with scaling up businesses to positions of dominance in India.

Biocon Biologics Successfully Completes Integration of Viatris’ Biosimilar Business in 31 Countries in Europe

Retrieved on: 
Thursday, November 30, 2023
Insulin glargine, BBL, Acquisition, Health, White paper, Etanercept, Ophthalmology, Insulin aspart, Patient, Adalimumab

BENGALURU, India, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd (BSE code: 532523, NSE: BIOCON), today announced that the integration of the Viatris’ biosimilars business in 31 European countries has been successfully completed.

Key Points: 
  • BENGALURU, India, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd (BSE code: 532523, NSE: BIOCON), today announced that the integration of the Viatris’ biosimilars business in 31 European countries has been successfully completed.
  • In Europe, Biocon Biologics portfolio includes 7 biosimilars: Insulin Aspart and Insulin Glargine, Bevacizumab, Pegfilgrastim, Trastuzumab, Adalimumab, and Etanercept.
  • At a global level, Biocon Biologics has a robust pipeline of 20 assets for diabetology, oncology, immunology, ophthalmology, and bone health.
  • Shreehas Tambe, CEO & Managing Director, Biocon Biologics Ltd, said: “The integration of the Viatris’ biosimilar business in Europe ahead of schedule is another important milestone for Biocon Biologics in our journey as a global biosimilars leader.

Onmeta Becomes the First Fiat On-Ramp Solution in India to Register with FIU, Leading the Way in Regulatory Compliance

Retrieved on: 
Wednesday, July 26, 2023
Principal Scientific Adviser to the Government of India, Policy, PMLA, Financial intelligence, Financial Intelligence Unit (India), Government, AML, Trust, FIU, Finance minister, Organizational founder, Ecosystem, VDA, Environment, KYC, Cryptocurrency

Bengaluru, India--(Newsfile Corp. - July 26, 2023) - Onmeta, India's leading fiat on-ramp & off-ramp solution provider, has become the first such solution in India to register with the Financial Intelligence Unit (FIU) of the Finance Ministry of the Government of India.

Key Points: 
  • Bengaluru, India--(Newsfile Corp. - July 26, 2023) - Onmeta, India's leading fiat on-ramp & off-ramp solution provider, has become the first such solution in India to register with the Financial Intelligence Unit (FIU) of the Finance Ministry of the Government of India.
  • As mandated by the amendments to the PMLA, Onmeta already has a robust yet breezy one-time KYC process.
  • It has also established a comprehensive AML policy including Sanctions screening that identifies and reports suspicious transactions promptly and proactively to the FIU.
  • This latest development should go a long way in instilling confidence in the potential of the Indian crypto ecosystem and encourage more companies to build for India.