Zoomcar Holdings, Inc. reported its financial results for the three and six months ended September 30, 2025, revealing a total revenue of $2.29 million for the quarter, a slight increase of 2% from $2.25 million in the same period last year. For the six-month period, revenue rose to $4.60 million from $4.49 million, also reflecting a 2% increase. Despite this revenue growth, the company continues to face significant challenges, posting a net loss of $794,149 for the quarter and $4.99 million for the six months, compared to losses of $3.35 million and $5.88 million, respectively, in the prior year.
The company's operational metrics showed a notable increase in booking days, totaling approximately 180,147 for the quarter, up from 147,371 in the previous year. Gross Booking Value (GBV) also increased to $6.23 million for the quarter, compared to $6.12 million in the same period last year. However, the cost of revenue decreased to $1.20 million from $1.21 million for the quarter, and $2.51 million from $2.73 million for the six months, indicating efforts to improve operational efficiency.
Strategically, Zoomcar has been restructuring its operations, including a focus on reducing costs across various departments. General and administrative expenses increased by 30% to $2.15 million for the quarter, primarily due to higher personnel-related costs and professional fees associated with stock inducements. The company has also been actively seeking additional funding to address its liquidity challenges, with plans to raise up to $15 million through various financing arrangements, including bridge financing and equity raises.
As of September 30, 2025, Zoomcar's cash and cash equivalents stood at $169,357, a significant decrease from $1.08 million at the end of the previous fiscal year. The company reported a negative working capital of $28.58 million, raising substantial doubt about its ability to continue as a going concern without additional funding. Management is exploring various options to secure necessary capital and improve its financial position, including potential debt or equity financing.
Looking ahead, Zoomcar anticipates continued net losses and significant cash outflows from operations for at least the next 12 months. The company is focused on enhancing customer experience and operational efficiency while navigating the challenges posed by its current financial situation. The management's ability to execute its business plan and secure additional funding will be critical to its future performance and sustainability.
About Zoomcar Holdings, Inc.
Zoomcar is a Bangalore-based platform enabling peer-to-peer car sharing in emerging markets. It connects vehicle owners (Hosts) with short- and medium-term users (Guests), offering diverse, cost-effective mobility options. The platform leverages AI, GPS tracking, and contactless access to optimize listings, pricing, and safety. It promotes micro-entrepreneurship, enhances urban mobility, and serves markets with limited traditional transportation alternatives.
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