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BANGALORE - Zoomcar Holdings, Inc. (OTCQX:ZCAR), a micro-cap company with a market value of $3.74 million, introduced a new business-to-business dashboard called "ZoomPro" for fleet partners to manage vehicles, pricing, and bookings, the company announced Thursday. According to InvestingPro data, the company maintains a gross profit margin of 42% despite challenging market conditions.
The new platform allows fleet operators to manage their operations without relying solely on Zoomcar’s mobile app. Key features include centralized booking views, multi-user access, real-time vehicle reassignment, performance tracking, and AI-driven pricing recommendations.
"With ZoomPro, our B2B toolkit empowers fleet operators to drive better performance, higher earnings, and superior guest experiences at scale," said Anirudh Lamba, Head of Marketing and Partnerships at Zoomcar, according to the press release.
The company plans future enhancements including bulk onboarding capabilities, advanced management controls, and AI-powered recommendation engines. The platform will also incorporate large language model technologies for customer support.
Zoomcar reported that bookings increased 10% year-over-year, while repeat users rose 86%. The company also claimed a $4.25 million contribution profit with 47% margin and a 67% reduction in operating loss for fiscal year 2025.
Founded in 2013, Zoomcar operates a peer-to-peer car-sharing marketplace in India that connects vehicle owners with users through its digital platform. The company’s stock has experienced significant volatility, with a 98.5% decline over the past six months.
The information in this article is based on a company press release.
In other recent news, Zoomcar Holdings, Inc. announced a strategic partnership with Wego, a prominent travel app in the Middle East and North Africa region. This collaboration aims to enhance the travel experience for Wego users by allowing them to book over 25,000 self-drive cars across more than 99 cities in India. The partnership is a response to evolving travel preferences, offering a localized and cost-effective alternative to traditional transportation. Additionally, Zoomcar disclosed the resignation of Madan Menon from its board of directors, which prompted a reorganization of its board committees. Evelyn D’An will now chair the Audit Committee, with John Clarke and Swatick Majumdar as members. The Compensation Committee will be led by John Clarke, and the Nominating and Corporate Governance Committee will be chaired by Swatick Majumdar. These changes were completed smoothly, without any reported disputes or issues. Zoomcar continues its operations in the auto rental and leasing market uninterrupted.
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