Zoomcar
Financials
Estimates*
USD | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|
Revenues | 10.2m | 12.8m | 8.8m | 9.9m |
% growth | - | 25 % | (31 %) | 12 % |
EBITDA | (14.9m) | (33.3m) | (37.6m) | (27.9m) |
% EBITDA margin | (146 %) | (261 %) | (425 %) | (282 %) |
Profit | (27.7m) | (31.0m) | (62.0m) | (34.3m) |
% profit margin | (271 %) | (243 %) | (703 %) | (346 %) |
R&D budget | 3.0m | 4.2m | 5.2m | 4.3m |
R&D % of revenue | 30 % | 33 % | 59 % | 44 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $600k | Convertible | |
$1.6m | Seed | ||
N/A | $1.3m | Debt | |
$8.0m | Series A | ||
$11.0m | Series B | ||
$4.6m | Late VC | ||
$24.0m | Series B | ||
$1.4m Valuation: $120m | Early VC | ||
N/A | Series B | ||
* | $40.0m Valuation: $130m | Series C | |
$1.1m Valuation: $200m | Early VC | ||
$3.6m | Debt | ||
N/A | Early VC | ||
$2.0m | Early VC | ||
$2.6m | Late VC | ||
$30.0m | Series D | ||
$39.8m | Late VC | ||
$17.6m | Series E | ||
* | $92.0m | Series E | |
* | $200m Valuation: $456m 44.6x EV/LTM Revenues | SPAC IPO | |
* | N/A | $3.6m | Post IPO Debt |
Total Funding | €251m |
Recent News about Zoomcar
EditZoomcar is a self-drive car rental company that provides a diverse fleet of vehicles for various needs including shopping, travel, daily commutes, and outstation trips. Operating primarily in urban markets across India, Zoomcar serves individual customers who prefer the flexibility and convenience of driving themselves without the long-term commitment of owning a car. The business model revolves around a straightforward booking process where customers select a car, pay a rental fee, and drive the vehicle for a specified period before returning it. Revenue is generated through rental fees and a small security deposit. Zoomcar differentiates itself with excellent customer service, well-maintained vehicles, and a user-friendly app that simplifies the rental process. The company has a strong presence in major Indian cities and aims to expand its network of pick-up points to enhance accessibility for its customers.
Keywords: self-drive, car rental, urban markets, individual customers, flexible, convenient, well-maintained vehicles, user-friendly app, excellent customer service, India.