Zoomcar Stock Jumps Over 180%

Zoomcar Stock Jumps Over 180% - What's Going On?

Nabaparna Bhattacharya

November 05, 2024

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) shares are trading higher on Tuesday.

The company has announced a major expansion of its customer support team, doubling its size to provide faster, more efficient assistance for both Hosts and Guests.

Hiroshi Nishijima, CEO of Zoomcar, said, “We’ve achieved significant profitability improvement in the past few months and have reinvested in customer support expansion to continue our commitment of making Zoomcar a frictionless experience.”

According to Benzinga Pro, ZCAR stock has lost over 98% in the past year.

Also Read: Trump Holds Edge In Betting Markets On Election Day, While Experts Call Tight Race For Harris

Zoomcar has introduced a new “Host Success Team” to assist new Hosts with onboarding their vehicles and maximizing earnings. This dedicated team offers guidance at every stage of the Host’s journey on the platform, providing ongoing support for success.

Also, Zoomcar has moved to a multi-channel support model, which now includes inbound and outbound calls, chatbot-based ticketing support, and a Generative AI Assistant that offers 24/7 assistance.

Last month the company said it hit a major milestone in the debt restructuring process that is aimed at reducing the company’s debt obligations of approximately $31 million out of the total outstanding debt as on June 30.

The company will announce its second-quarter results on November 14.

Price Action: ZCAR shares are trading higher by 181.6% to $11.35 on Tuesday.

Read Next

Trump Vs. Harris: 2024 Election Deadlocked, Final Emerson Poll Shows One Candidate With Small Edge Among Independents

Recommended

Wall St. Icon: "If You Wait On This, It Will Already Be Too Late" - Ad

What's Going On in This Strange Facility Near Mar-A-Lago? - Ad

Do NOT Buy Nvidia, Apple, Microsoft, Meta, Tesla, or ANY Major Tech Stock... - Ad

NEW YORK (AP) — Jason LaCroix felt privileged to work from home, especially as a father to two young children. He needed flexibility when his son, then 6, suffered a brain injury and spent 35 days in intensive care.

Japan Airlines hit by cyberattack, delaying flights during year-end holiday season

TOKYO (AP) — Japan Airlines said it was hit by a cyberattack Thursday, causing delays to more than 20 domestic flights but the carrier said there was no impact on flight safety.

Media Humiliated: Demo of Elon's Tech Proves They're Wrong

Media Humiliated: Demo of Elon's Tech Proves They're Wrong - Ad

It's smaller than a quarter, but it could power Elon Musk's next AI revolution... A revolution he believes will be worth more than $9 trillion. Believe it or not, this device could even help put an extra $30k in your pocket every year outside of the markets.

Chinese automaker BYD slams reports of poor conditions at a factory site in Brazil

BANGKOK (AP) — A spokesperson for Chinese automaker has objected to reports about poor conditions at a construction site in Brazil where it is building a factory, saying the allegations were aimed at “smearing” China and Chinese brands.

AI is a game changer for students with disabilities. Schools are still learning to harness it

For Makenzie Gilkison, spelling is such a struggle that a word like rhinoceros might come out as “rineanswsaurs” or sarcastic as “srkastik.”

Did You See Trump's Bombshell Exec. Order 001?

Did You See Trump's Bombshell Exec. Order 001? - Ad

Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001." It's a bombshell law that Trump could sign within minutes of stepping into the Oval Office... And it will instantly set off the most sweeping government technology project in 80 years... The most lucrative, too...

Millions of people may get expanded Social Security benefits. Who are they and how would it happen?

ATLANTA (AP) — Nearly 3 million people could receive a boost in payments under legislation set for a final Senate vote in the coming days.

McDonald's Evangelion Collaboration Advert Catches Elon Musk's Eye. Here's What The Techno King Shared

Elon Musk has shared a preview of the collaboration between McDonald’s Corporation (NYSE:MCD) Japan and the iconic anime series Neon Genesis Evangelion.

5 Military Stocks to Invest In

5 Military Stocks to Invest In - Ad

As violence spreads across the globe will you stay on the sidelines? We can't stop war, but you can win from it. These 5 military growth stocks could potentially build your personal wealth during global turmoil. Historically, similar stocks have seen growth of up to 16,270% in just 18 months.

Isak Andic, founder of Spanish fashion brand Mango, dies in accident, aged 71

BARCELONA, Spain (AP) — Isak Andic, the founder of Spanish fashion brand Mango, has died after suffering an accident, the company said on Saturday. He was 71.

More student loans canceled in Biden's final round of forgiveness before leaving office

WASHINGTON (AP) — The Biden administration is canceling federal for another 55,000 workers through an existing program known as Public Service Loan Forgiveness.

Is a Starlink IPO Coming in 2024?

Is a Starlink IPO Coming in 2024? - Ad

Could there be signs that a Starlink IPO is set for the second half of 2024? According to one top venture capitalist, the answer is YES! And for the first time ever, you have the rare chance to profit pre-IPO... BEFORE Starlink goes public.

IonQ Positioned To Dominate Quantum Computing Era: Analyst Highlights Unique Trapped-Ion Advantage

IonQ initiated with a Buy rating and $50 price target by D.A. Davidson & Co., offering a standout pure-play investment in the quantum computing sector.

PEPE Surges 27% Over The Week Powered By Crypto Exchange Listings As Dogecoin, Shiba Inu Get Left Behind

Frog-themed cryptocurrency Pepe (CRYPTO: PEPE) was one of the most successful meme coins over the last week, outperforming the more names in the field.

Elon Musk: "The Government Is Out of Control."

Elon Musk: "The Government Is Out of Control." - Ad

Elon Musk says the government is going bankrupt. Seniors are getting crushed by inflation. But there is a way you could claim a chunk of over $1 trillion in spending, courtesy of Elon Musk.

Cathie Wood's Thursday Moves: Dumps Buzzing Stocks Tesla And Palantir

On Thursday, Dec. 19, 2024 Cathie Wood-led Ark Invest sold shares of Tesla and Palantir, both of which have run up considerably for the month.

Blinken will avoid Ukraine and the Middle East at a divided UN Security Council

UNITED NATIONS (AP) — Secretary of State will make what is likely his final trip in office to the this week, capping his engagements with the world body after a tumultuous four years that saw war return to Europe and multiple crises in the Middle East.

Scary Accurate AI Money Map Shows Strange Twist Coming for the Market

Scary Accurate AI Money Map Shows Strange Twist Coming for the Market - Ad

Over the last 5 years, this "scary accurate" AI Money Map has helped investors get in on the right stocks, at the right time -- during this AI revolution... Now it shows a strange twist is coming for the AI market that almost nobody sees coming... And worse still, no one's being warned about.

Bill Ackman Says Events Around The Scuttled Spending Bill Provide A Road Map For 'Rapid DOGE Progress'

Bill Ackman outlined a three-step strategy for the Department of Government Efficiency (DOGE) to influence policy, citing its role in the rejection of the spending bill.

Can Solana And Toncoin Print Fresh All-Time Highs Just Like Bitcoin's Recent $100K Move? Here's What This Analyst Says

An influential cryptocurrency analyst on Monday identified Solana (CRYPTO: SOL) and Toncoin (CRYPTO: TON) as the next contenders to reach new all-time highs, following the accomplishments of Bitcoin (CRYPTO:

Bitcoin Skyrockets on Trump's Election. Which Coin Is Next?

Bitcoin Skyrockets on Trump's Election. Which Coin Is Next? - Ad

Juan Villaverde called the top and bottom of every crypto bull market since 2012. He believes Bitcoin will go to $150K -- or more. There's one coin he thinks could go up more . It's part of Trump's special Project Crypto. His plan to make America "the crypto capital of the planet."

Macao's casino boom brings wealth but at a cost, 25 years since China's takeover

MACAO (AP) — When Portugal in 1999, coffee shop owner Daniel Chao was a first grader living in a different world.

Ripple CEO Brad Garlinghouse Admits $204M Crypto Super PAC Wouldn't Exist If Gary Gensler Wasn't The SEC Chair

Ripple CEO Brad Garlinghouse said on Sunday that the establishment of Fairshake, a cryptocurrency-focused super political action committee, was a direct response to the SEC’s approach toward the industry under Gary Gensler.

Donald Trump Is About to Free Crypto From Its Chains...

Donald Trump Is About to Free Crypto From Its Chains... - Ad

This coin may be Trump's favorite crypto... And his vice-president J.D. Vance is a major backer. With the pair set to take office, we don't think this coin's future could be brighter.

US effort to curb China's and Russia's access to advanced computer chips 'inadequate,' report finds

WASHINGTON (AP) — The Commerce Department's efforts and to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons, according to a published Wednesday by the Senate's Permanent Subcommittee on Investigations.

Jim Cramer Bullish On Netflix Nearing $1,000 And AMD's 'Cheap' Valuation Despite Nvidia Dominance

Jim Cramer expressed strong buying conviction for Netflix Inc. during Wednesday's Lightning Round on "Mad Money," as the streaming giant's shares traded near $934 amid broader tech market strength.

Could Trump's Favorite Coin Take Off Post-election?

Could Trump's Favorite Coin Take Off Post-election? - Ad

MacKenzie Scott gives rare third gift to medical debt relief group

MacKenzie Scott continues to make medical debt relief a priority in her mysterious giving.

Elon Musk Vs. RFK Jr.: Obesity Crisis Debate Sparks Struggle For Trump's Influence

Debate over tackling U.S. obesity epidemic sparks contrasting views from Trump's orbit: lifestyle changes vs. easier access to weight-loss drugs.

Set Your Alarm For 1:59 P.M. on January 31st Because THESE Stocks Set To Rocket Up

Set Your Alarm For 1:59 P.M. on January 31st Because THESE Stocks Set To Rocket Up - Ad

1:59 P.M. on January 31st. Set an alarm for that. Because you need to be prepared for an event that will send a certain group of stocks rocketing upward.

China's exports slow, imports decline, in November falling below forecasts

HONG KONG (AP) — China’s exports slowed in November and its imports declined, falling below forecasts and underscoring potential weakness in trade at a time when its leaders are striving to boost the economy after the shocks of the COVID-19 pandemic.

NTSB trying to determine why tractor-trailer stopped on train tracks before deadly West Texas crash

PECOS, Texas (AP) — Federal officials investigating the between at Union Pacific train and a tractor-trailer hauling a wind turbine base said Friday they were trying to determine why the tractor-trailer was stopped on the tracks, leading to the crash that derailed the train and propelled the enormous wind turbine base into the air.

A Strange Twist Is About to Hit the AI Market That Almost Nobody Sees Coming...

A Strange Twist Is About to Hit the AI Market That Almost Nobody Sees Coming... - Ad

If you have any money in AI stocks right now, or if you're even thinking about it, you need to see what's going on. The truth is, the moves we've seen in tech and AI stocks over the last couple of months could be the start of something much bigger. That's why I've put together this special presentation with Wall Street legend, Charles Mizrahi.

China's Xi swears in new leader of casino hub Macao, telling the city to diversify economy

MACAO (AP) — Chinese President Xi Jinping urged the casino hub of Macao to diversify its economy as he swore in the former Portuguese colony's new government on Friday at an event marking the of its handover to China.

Bitcoin, Ethereum, Dogecoin Retreat Further As Crypto Liquidations Top $1 Billion: Analyst Lays Out Scenario For BTC Losing $96K Support

The cryptocurrency market cracked further Thursday as risk sentiment remained low following the Federal Reserve’s hawkish statements.

My TOP Altcoin for Right Now Is...

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Suspect in UnitedHealthcare CEO killing charged with murder in New York, court records show

ALTOONA, Pa. (AP) — After on a New York sidewalk, police searched for the masked gunman with dogs, drones and scuba divers. Officers used the city's . Investigators analyzed DNA samples, fingerprints and internet addresses. Police went door-to-door looking for witnesses.

The US egg industry kills 350 million chicks a year. New technology offers an alternative

WILTON, Iowa (AP) — Every year the U.S. egg industry kills about 350 million male chicks because, while the fuzzy little animals are incredibly cute, they will never lay eggs, so have little monetary value.

Take These Four Steps to Protect Your Financial Future...

Take These Four Steps to Protect Your Financial Future... - Ad

AI is hailed as the future, but its hidden dangers may threaten our way of life and financial security. Many Americans may be unprepared as things unravel. I've recorded a critical briefing to expose the truth and help you act. Learn the four steps you must take now to protect yourself and your family.

Unionized workers at US Starbucks stores plan strikes starting Friday

Workers at stores plan to go on a five-day strike starting Friday to protest lack of progress in contract negotiations with the company.

Trending Now