Asset-Light Model Transforming Mobility Solutions for Customers in India: Zoomcar

BENGALURU, India, Feb. 24, 2025 /PRNewswire/ -- A recent article published by ET Now News, India's leading English business news website, discussed the evolving transportation landscape in India, and how peer to peer car sharing models are transforming the future of mobility by making self-drive accessible without having to operate a large fleet. The "asset light model", as they call it, is game-changing for the mobility market in India, enabling sustainable and cost efficient transportation options.

Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (Nasdaq: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, was mentioned in the article which provides a platform for vehicle owners to connect users looking for self-drive rental vehicles, and was compared to Airbnb, which also does not own assets. The article suggests that the "asset-light strategy" deployed by companies like Zoomcar minimizes the need for capital expenditures and positions the company to grow supply organically, while optimizing operational costs and increasing sustainability of growth. 

Read the entire article referenced here: https://www.etnownews.com/auto/the-rise-of-asset-light-mobility-in-india-article-118532251

About Zoomcar:

Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for car sharing focused in India. The Zoomcar community connects Hosts with Guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in India.

Forward Looking Statement:

This press release includes statements that are or maybe considered, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Except for statements of historical facts, these forward-looking statements are based on assumptions relating to the Company's business, revenue, earnings, margins, growth rates and other financial results for future periods and these assumptions entail significant risk and uncertainty including but not limited to risks identified in the Company's most recent filing on Form 10-K and other SEC filings, all of which are available on the Company's website. You can identify forward-looking statements with words such as "believes," "expects," "may," "will," "should," "seeks," "intends," "plans," "estimates," or "anticipates" or the negatives thereof, as well as other variations or comparable terminology related to Company's strategy, plans, projections or intentions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Any forward-looking statement in this press release refers solely to what is accurate as of the day it is issued or based on assumptions that Zoomcar believes to be reasonable. The actual results and outcomes may materially differ due to various factors or events beyond our control which may not be foreseeable at all times. We cannot guarantee or assure any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. We undertake no obligation to alter or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as required by law.

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SOURCE Zoomcar