Zoomcar Reports Record Profit in December 2024

Zoomcar Holdings, Inc. reported its highest-ever monthly contribution profit of $494,506 for December 2024, marking a significant recovery in its financial performance and sufficient to cover operational costs in India. This achievement was propelled by a 17% increase in bookings compared to December 2023, reflecting the growing demand for car-sharing services in the country. Over the past year, the company's turnaround has been notable, transitioning from a loss of $1.2 million to a contribution profit of $0.46 million in the first quarter of fiscal year 2024-25, and $1.21 million in the second quarter. Interim CEO Hiroshi Nishijima attributed this success to a focus on customer experience, which enhances host retention and minimizes marketing expenses. As Zoomcar moves into 2025, it aims to continue empowering hosts and providing affordable transportation options while maintaining financial sustainability.