Zoomcar Holdings, Inc.

Zoomcar Holdings, Inc. operates an online car sharing marketplace focused on emerging markets. Headquartered in Bangalore, India, the company connects vehicle owners, referred to as "Hosts," with individuals needing temporary vehicle use, called "Guests." This platform allows Guests to browse and book various car models, makes, sizes, and price points from vehicles listed by Hosts. Hosts can generate revenue by sharing their underutilized cars for leisure, work, or other short to medium-term transportation needs. Zoomcar was founded in 2012 to address limited convenient and cost-efficient transportation options in emerging markets. The company's mission is to transform urban mobility by providing a scalable digital platform that offers personalized travel solutions for short-term vehicle use and entrepreneurial opportunities for vehicle owners. As of December 28, 2023, Zoomcar, Inc. became a wholly owned subsidiary of what is now Zoomcar Holdings, Inc., following a business combination with IOAC, a special purpose acquisition company. The securities of Zoomcar Holdings, Inc. are traded on the Nasdaq Stock Market.