US-Listed Zoomcar Targets India's $50 Billion Shared Mobility Opportunity
US-Listed Zoomcar Targets India's $50 Billion Shared Mobility Opportunity |
| [29-October-2025] |
BENGALURU, India, Oct. 29, 2025 /PRNewswire/ -- Zoomcar Holdings, Inc. (OTCQX: ZCAR), India's largest peer-to-peer car-sharing marketplace, continues to grow at a double-digit year-over-year rate as it leads India's shift from car ownership to shared access — a transformation mirroring early-stage trends in the U.S. market with platforms like Turo and Getaround. India's shared mobility sector is on track to reach USD 50 billion* by the early 2030s, driven by over 40 million privately owned vehicles that remain underutilized. With fewer than 25 cars per 1,000 people compared to 880 per 1,000 in the U.S., India's vast population of 1.4 billion represents one of the largest untapped markets for shared access. As Zoomcar scales its host network and onboards thousands of additional vehicles, it aims to deepen participation from U.S. investors looking to capture exposure to India's next major consumer and mobility growth story. "India is at a mobility inflection point," said Deepankar Tiwari, CEO of Zoomcar Holdings, Inc. "As car-sharing moves from niche to mainstream, we are empowering people with mobility freedom while helping owners unlock new value." Zoomcar (OTCQX: ZCAR) will be presenting at the ThinkEquity Conference 2025 on October 30, 2025, highlighting how its asset-light marketplace is redefining urban mobility in India and unlocking new value for vehicle owners and users alike. Link for ThinkEquity Conference: https://www.think-equity.com/thinkequity-conference *(The USD 50 billion shared-mobility opportunity is derived from India's ~40 million private-car base, assuming 5–7% participation in peer-to-peer sharing at an average trip value of USD 65 and 5–6 trips per month, combined with adjacent segments such as B2C self-drive rentals, subscriptions, corporate mobility, tourism, and EV ecosystem services.) About Zoomcar Founded in 2013 and headquartered in Bengaluru, Zoomcar is India's largest peer-to-peer car- sharing marketplace. Through its digital-first platform, Zoomcar connects individual vehicle owners (Hosts) with users (Guests), offering flexible access to vehicles for self-drive use. The company's mission is to promote smarter, shared mobility that is both economically empowering and environmentally sustainable. Forward Looking Statement Certain statements contained in this press release are not historical facts and may be forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "plans," "expects," "believes," "anticipates," and similar words are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning our expected revenue growth and improved profitability, and our financial forecasts. Forward-looking statements are based on our current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings we make with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by us, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
SOURCE Zoomcar | ||
Company Codes: OTC-BB:ZCAR,OTC-PINK:ZCAR,OTCQX:ZCAR |
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