ZOOMCAR CROSSES 5+ MILLION LIFETIME TRIPS, DEMONSTRATES MARKET LEADERSHIP AND CAPITAL-EFFICIENT UNIT ECONOMICS IN INDIA’S SELF-DRIVE RENTAL SECTOR

Milestone Validates Platform Scale Across 109 Cities and Reinforces Capital-Efficient Marketplace Model

BENGALURU, India - August 4, 2026 - Zoomcar Holdings, Inc. (OTCQB: ZCAR), India's largest peer-to-peer self-drive car-sharing marketplace, today announced it has surpassed 5.1 million cumulative trips completed on its platform. The milestone represents a defining inflection point for the company's operational execution and market position in India's estimated $28 billion self-drive rental addressable market.

The achievement demonstrates Zoomcar's ability to scale meaningfully across 109 cities while maintaining a capital-efficient, asset-light marketplace model where supply-side partners absorb capital expenditure. At this scale, incremental trips generate incremental margin, validating a durable unit economics profile and positioning Zoomcar as a market-leading personal mobility platform in an emerging market with significant under penetration relative to developed geographies.

"The 5M+ trips milestone marks a critical inflection point," said Deepankar Tiwari, Chief Executive Officer of Zoomcar. "At this scale, we've proven that our marketplace model works. We're now at a stage where each incremental trip drives margin expansion, not incremental cost. That's the signature of a capital-efficient platform business with sustainable competitive advantages."

Zoomcar's platform has served 2.0M+ unique customers to date across 109 cities, with top five markets - Bangalore, Hyderabad, Mumbai, Pune, and Delhi NCR, representing 56% of trip volume while secondary and tertiary markets contribute an increasing share, reflecting network effects and word-of-mouth adoption outside tier-1 metros.

The company's asset-light model, combined with demonstrated operational replicability, underscores the viability of peer-to-peer mobility platforms in emerging markets where traditional car rental infrastructure remains underdeveloped and cost-conscious consumer behavior drives demand for flexible, affordable mobility solutions.

Total addressable market numbers are based on a combination of external sources " India car sharing market revenues & volume forecast through 2031 - 6Wresearch." and historical data from Zoomcar's business. (https://www.6wresearch.com/industry-report/india-car-sharing-market)

About Zoomcar

Established in 2013 and based in Bengaluru, Zoomcar operates as the preeminent peer-to-peer car-sharing network in India. The platform's digital-first marketplace infrastructure bridges the gap between individual vehicle Hosts and Guests, providing versatile, on-demand access to personal mobility.

Zoomcar is committed to advancing a shared mobility paradigm that delivers economic empowerment to ecosystem participants while fostering long-term environmental sustainability.

Forward Looking Statement

Other than any historical data provided herein, this communication contains projections and other forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 regarding Zoomcar's market opportunity, host and repeat-customer growth, operational leverage, path to profitability, and financial outlook. Such statements are often identified by terminology such as "expects," "anticipates," "believes," or "plans" or negatives thereof.. These assertions represent current management expectations and are subject to inherent risks and operational uncertainties that may cause actual outcomes to diverge significantly from projected results. Detailed analysis of these risk factors is available in the company's regulatory filings with the U.S. Securities and Exchange Commission at www.sec.gov. Investors are advised that these statements reflect conditions only as of the date of this release, and the company assumes no obligation to revise or update these disclosures to reflect subsequent events or unforeseen circumstances.

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