Zoomcar successfully opens first fulfillment center in Chennai

Confirms expansion to over 100 fulfillment centers with over 1,000 additional vehicles by December 2024

BENGALURU, India, 9 August 2024 /PRNewswire/ — Zoomcar, Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (nsdaq: ZCAR), the NASDAQ-listed leading marketplace for self-driving car sharing, has successfully opened its first fulfillment center in Chennai with plans to add over 100 centers And 1000+ cars by December 2024. These fulfillment centers are operated by third-party vendors who are vetted, trained and guided by Zoomcar. These centers are designed to enhance the guest experience and manage end customers–To–Stop running car listings on behalf of hosts who want to make money by sharing their cars but find it challenging to do so themselves.

The key success factors of the best Zoomcar hosts who earn up to ₹60,000 per month from a single car are a rating of 4.5+, good availability in high demand locations and a good car model. Zoomcar with its 11 years of experience in running a car sharing business helps these fulfillment centers in providing high–high-quality services for guests. Hosts pay a small fee to receive a range of services from these centers, such as management of their car, regular cleaning, secure parking at top locations in hotspots, delivery and collection of the car to guests and service centers, a–To–a vote with guests, And many more.

Cars managed through the fulfillment center are marked as “Assured by Zoomcar” in the Zoomcar app, offering guests reliable booking options with 24/7 pickup and drop-off. Zoomcar’s pilot project in Chennai has shown promising results: over 20 hosts expressed interest in listing their cars within days of launch and received an average of 3 bookings within 24 hours of listing the car.

Hiroshi Nishijima, CEO of Zoomcar said, “Since 2013, We are the largest platform for self-driving cars in India and we are obsessed with providing guaranteed bookings to our guests. With our decades of experience, we wanted to extend our expertise to hosts to simplify car sharing for them and help them manage their cars without any operational hassle. It’s like signing up for a SIP and getting regular income.”

“As a Zoomcar host, I am excited about the earning potential of car sharing. Signing up with the fulfillment center has made the whole process incredibly easy and convenient. I no longer have to worry about logistics, so I can earn a regular income without any effort. It’s the perfect solution for someone like me who wants to share their car but doesn’t have the time to take care of it personally,” said Mr. A Prathap, a satisfied Zoomcar host from Chennai.

Zoomcar previously operated a car-owner business model before pivoting to a marketplace. Their 11 years of experience in delivering seamless guest experiences will translate into success stories for hosts through these fulfillment centers. Zoomcar aims to scale up this model and onboard over 1000 hosts across 100+ cities by December 2024.

About Zoomcar:

Founded in 2013 and headquartered in Bengaluru, IndiaZoomcar is a leading car sharing marketplace with a focus on IndiaThe Zoomcar community connects hosts with guests who choose from a selection of cars at affordable prices, thus creating sustainable, smart transport solutions in India.

Forward-looking statement:

This press release may contain forward-looking statements about our plans, efforts, projections, objectives, commitments, expectations or prospects with respect to the fulfillment centers opened in partnership with our service providers. These forward-looking statements reflect our management’s current expectations with respect to this partnership and the enhanced guest experience provided by these fulfillment centers, and these statements may involve significant risks and uncertainties. To identify these forward-looking statements, we use terms such as “may,” “will,” “seek,” “increase,” “promise,” “encourage,” “estimate,” “intend,” “indicate,” “continue,” “promote,” “believe,” “grow” or “improve,” or the negative thereof, and other variations or comparable terminology. We ask that you read statements containing these terms carefully because we believe this information is important to our investors and customers. Any forward-looking statement in this press release speaks only as of the date hereof or is based on assumptions that Zoomcar believes to be reasonable. Actual outcomes and results may differ materially as a result of various factors or events beyond our control and which we cannot always predict. We cannot guarantee or represent that the plans, initiatives, projections, objectives, commitments, expectations or prospects set forth in this press release can or will be achieved. We undertake no obligation to publicly revise or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media contact:

Akarshit Gulati
[email protected]

Bhagyashree Rewatkar
[email protected]

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SOURCE: Zoomcar Holdings, Inc.