Zoomcar Self-drive car rental start-up is ready to unleash its break-neck pace on its journey to profitability. The adjusted Ebitda loss in Q1 FY25 came in at a considerably lower figure than at the same period last year, with the company having slashed it by more than half. This is quite impressive and it goes to show that Zoomcar is one of those companies that is obsessed with cost control through the use of technology and/product development.
But that’s not all! The bookings compared to the previous year showed an increase by 9% while the spending for marketing was cut short. This indicates an increase in the organic users from various platforms due to top-notch customer experience. Enhanced customer identification procedures (such as Aadhaar and selfie authentication) are also reducing the incidence of mishaps and the trend of returning cars ZigZag late – a great combination for Zoomcar and its clients.
Because it is largely based on the efficiency of the providers and clients, Zoomcar is showing all signs of a breakout year coming soon. Currently, the company is building up a strong foundation upon which it will be able to post impressive revenues in the subsequent quarters thus doing away with any existing doubts as to its profitability. Hold on to your seat back as Zoomcar is entering the self-drive car rental market like a storm!
