BENGALURU, India, Oct. 22,
2024 /PRNewswire/ -- Zoomcar Holdings, Inc.
("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed
leading marketplace for self-drive car sharing, welcomes back Waze
Co-Founder Uri Levine as the
Strategic and Financial Advisor. Mr. Levine served as Zoomcar's
Chairman of the Board from 2021 to 2023, prior to its public
listing, and will now provide strategic oversight to the Zoomcar
team with a strong focus on problem solving, operational
excellence, and capital growth. As part of this Strategic Advisory
agreement, Mr. Levine has the opportunity, pending Board approval
to return as Chairman of Zoomcar.
"I'm thrilled to be back," said Uri
Levine. "I am honored to rejoin Zoomcar and leverage my
experience to drive its next phase of growth. Our aim is to enhance
mobility solutions in emerging markets, ensuring we meet the
growing demand efficiently and sustainably. I look forward to the
journey ahead."
Zoomcar's Interim CEO, Hiroshi
Nishijima, expressed his enthusiasm for Mr. Levine's
return, stating, "Uri has a proven track record. His talent for
solving customer challenges and scaling businesses makes him a
perfect fit as we drive Zoomcar's growth forward. We're excited
about the future with Uri on board."
About Uri Levine:
Uri Levine is no stranger to making waves. A serial
entrepreneur and visionary, in 2007, Mr. Levine co-founded Waze,
the world's leading traffic and navigation app, which was acquired
by Google in June 2013 for
$1.1 billion. Today, Waze boasts over
140 million monthly active users across 185 countries. He was also
an early board member and investor in Moovit, known as the "Waze
for public transportation." Moovit, used today by over 750 million
people globally, was acquired by Intel for $1 billion in 2020.
About Zoomcar:
Founded in 2013 and headquartered in Bengaluru,
India, Zoomcar is a leading
marketplace for car sharing focused in India. The Zoomcar community connects Hosts
with Guests, who choose from a selection of cars for use at
affordable prices, promoting sustainable, smart transportation
solutions in India.
Forward Looking Statement:
This press release includes statements that are or maybe
considered, "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on assumptions about many
important factors, including risks identified in the Company's most
recent filing on Form 10-K and other SEC filings, all of which are
available on the Company's website. These statements may
entail significant risk and uncertainty. Any forward-looking
statement in this press release refers solely to what is accurate
as of the day it is issued or based on assumptions that Zoomcar
believes to be reasonable. The actual results and outcomes may
materially differ due to various factors or events beyond our
control which may not be foreseeable at all times. We cannot
guarantee or assure any plan, initiative, projection, goal,
commitment, expectation, or prospect set forth in this press
release can or will be achieved. We undertake no obligation to
alter or revise publicly any forward-looking statements, whether as
a result of new information, future events or otherwise, save and
except as required by law.
Press Contact:
- Akarshit Gulati: akarshitg@avianwe.com
- Bhagyashree Rewatkar:
bhagyashree.rewatkar@zoomcar.com
Logo:
https://mma.prnewswire.com/media/2517562/4938039/Zoomcar_Logo.jpg
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SOURCE Zoomcar Holdings, Inc.
