NEW DELHI, Jan 9: Car-sharing marketplace Zoomcar on Thursday said that it recorded its highest-ever unaudited and unreviewed contribution profit for the single month in December 2024, amounting to $494,506 based on provisional financials for the month.
As per the company, its contribution profit in December covers the operational costs in India. Nasdaq-listed Zoomcar currently only operates in India and does not incur operational costs in any other country.
The car-sharing marketplace saw a 17% year-on-year rise in bookings during the month of December 2024.
“By achieving a record contribution profit (unaudited and unreviewed) in December 2024 which is our peak seasonal demand month and covering operational costs reflects that our business fundamentals are right on track by putting the customer experience at the center of our strategy,” said Hiroshi Nishijima, Interim CEO of Zoomcar.
The company noted that the steady improvement in its contribution profits not only signals progress but also lays a solid foundation for future growth.
“As Zoomcar heads into 2025, the company remains dedicated to advancing its mission of empowering hosts, offering affordable and convenient transportation for guests, and driving financial sustainability,” it said. (UNI)
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