Zoomcar, a leading marketplace for self-drive car sharing, has announced the appointment of Uri Levine as Chairman of its Board of Directors, starting today. Uri Levine is a co-founder of Waze and Moovit, and his appointment signals Zoomcar's focus on rapid expansion. The current chairman, Mohan Ananda, will remain an active board member and will assume the title of Chairman Emeritus.

Uri Levine has been appointed as the Chairman of the Board of Directors at Zoomcar Holdings, Inc. (Nasdaq: ZCAR). Zoomcar, a significant player in the self-drive car sharing industry, currently valued at $1.62 million, faces substantial operational challenges and has a weak financial health score of 1.37 out of 10. Levine is known for co-founding the navigation app Waze and the Mobility as a Service (MaaS) platform Moovit.

In interviews with TechBullion and Citybiz, Hiroshi Nishijima, the CEO of Zoomcar, discussed the company's successful transformation from an asset-heavy model to becoming a leading car-sharing marketplace in India. He talked about the impact of AI and technology on the company and Zoomcar's focus on growth and profitability.

This disclosure informs about a press release issued by the company on March 19, 2025, announcing a Reverse Stock Split. The press release is appended as Exhibit 99.1. The provided information is for regulatory purposes and is not considered as filed or incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, unless specifically referenced in such a filing.

1) Brief Summary: The company has experienced a significant decline over the past month and quarter, with performance down 45.04% and 91.15% respectively. The average trading volume is higher than usual, indicating increased investor interest. However, the company's negative equity, high liabilities, and low revenue growth suggest financial instability. The company's sales year over year TTM growth is impressive at 276.53%, but it has not translated into positive net income or gross profit. The company's short ratio is low, meaning that there is less likelihood of a short squeeze. 2) MARKET_SCORE: 30

: Given the company's recent performance and financial instability, there is a 30% likelihood of an upward move. 3) PRICE_TARGET: $6.00

: Considering the company's financial situation and recent performance, a modest price target of $6.00, which is 20% above the current price, seems reasonable. 4) AI_RPT_HEADLINE: "Struggling Company Faces Uphill Battle Amid Financial Instability"

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