Zoomcar Q1 Net Loss Rises 28% To $5.4 Mn

Zoomcar's net loss rose 28% year-over-year to $5.37 million in the June quarter, while revenue stayed flat at $2.4 million. Bookings fell 16% to 88,160 as the company pivoted to longer, high-value trips, and it raised $1.8 million in bridge financing.