Financing ·
Zoomcar raises $155K from sixth tranche of Series A private placement
ZCARZoomcar Holdings, Inc.
On September 11, 2026, Zoomcar Holdings, Inc. closed the sixth tranche of its private placement of Series A units to accredited investors, raising approximately $155,000 in gross proceeds before fees and expenses. The company issued 156 units, each comprising one share of Series A Convertible Preferred Stock with a stated value of $1,000 and one warrant exercisable for 20,000 shares of common stock at an exercise price of $0.0625 per share. The preferred shares convert into common stock at an initial conversion price of $0.05 per share. ThinkEquity LLC acted as the exclusive placement agent, receiving a 10% cash fee and warrants to purchase up to 312,000 shares. The offering, capped at $10 million total including an overallotment option, was extended to terminate on October 9, 2026. Zoomcar Holdings operates in the mobility and transportation technology sector.