AI technology enables customers to select car models, reviews, and preferences, ensuring comfort and transparency.
Zoomcar Holdings, Inc. ZCAR shares are diving premarket on Friday after a solid run on Thursday. The company launched Zoomcar Cabs as a pilot program in Bengaluru, India.
This new service offers commercial cars with professional drivers at competitive prices. Expanding beyond its self-drive model, Zoomcar aims to diversify its services and improve customer experiences by adding chauffeur-driven options.
Zoomcar Cabs was launched in response to customer demand for a reliable, transparent alternative to traditional cab services, with many guests comparing self-drive options to chauffeur-driven ones.
In the traditional cab market, customers often face uncertainty, only selecting a car category without knowing the exact model or condition.
Zoomcar addresses this with AI technology, allowing guests to choose specific models, view reviews, and set preferences for car age and condition.
The Zoomcar app provides full control over routes and stops, with bookings ranging from two hours to 30+ days. The Bengaluru pilot will test the model, with plans for expansion in 2025.
Hiroshi Nishijima, CEO, Zoomcar said, "The launch of Zoomcar Cabs reflects Zoomcar's focus on listening to customer feedback and delivering tailored solutions with an added layer of transparency and flexibility that sets it apart from other apps."
"Guests can effortlessly book their preferred vehicles, whether for self-drive or with a driver, all through the single Zoomcar app -- eliminating the need for multiple apps to meet their travel needs."
Price Action: ZCAR stock, which gained 92.4% to close at $2.54 on Thursday, is down 24.8% at $1.91 premarket at the last check Friday.
Read Next:
Nasdaq Surges Over 100 Points; NY Empire State Manufacturing Index Dips In December
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs