Zoomcar Holdings IncNASDAQ ZCAR Stock Report

Zoomcar Holdings, Inc. engages in the business of owning and leasing vehicles with an online peer-to-peer car sharing platform which connects hosts with guests. The company is headquartered in Dana Point, California. The company went IPO on 2024-01-03. The Company’s platform connects guests with a network of privately owned vehicles from which they can select cars and hosts that align with specific, short and medium-term travel needs. Its platform enables hosts and guests to connect and share the use of a host’s car, made available to guests at mutually convenient locations. Its customized global positioning system (GPS)-enabled vehicle tracking systems allows the Company to integrate guest driving data into its computation of driver scores. Its platform provides tools for vehicle searching and discovery, host and guest chat and vehicle and driver tracking and ratings features. Its guests can use the host ratings and reviews shared on the Company’s platform to choose vehicles that suits their needs and preferences. The firm supplements its core platform technology through a software-enabled keyless entry application that is deployed across the host vehicles.