<ul><li>Zoomcar plans to raise $9.15 Mn through a private placement of shares to institutional investors.</li><li>The funds will be used to repay outstanding debt, for general corporate purposes, and working capital requirements.</li><li>The deal involves issuing 21.37 Lakh units at $4.28 apiece, including common shares, Series A warrants, and Series B warrants.</li><li>Zoomcar, a car rental marketplace, saw a decrease in net loss and revenue in the first quarter of FY25.</li></ul>

Zoomcar To Raise $9.15 Mn From Institutional Investors

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