Zoomcar Declares Adarsh Menon to Be Selected as President

Menon will be crucial to Zoomcar's business growth going forward. January 16, 2024, BANGALORE, India (AMERICA NEWSWIRE) — The premier marketplace for car sharing in emerging nations, Zoomcar Holdings, Inc. (Nasdaq: ZCAR), has announced the hiring of Adarsh Menon as President to guide its operations. This statement comes after Zoomcar's business combination was closed and it was recently listed on the NASDAQ. Menon will oversee all facets of the company's operations, customer experience, and growth in his new position.

Menon, an accomplished leader in the field with more than 22 years of expertise, most recently joined Zoomcar following positions of twelve years with Hindustan Unilever and eight and a half years with Flipkart. In his previous position at Flipkart, Menon oversaw all of the company's new businesses, which included the independent, varied firms that were recently bought or created, and the hypervalue, E-commerce sites ClearTrip, Shopsy, and ReCommerce for used goods. This was a new, high-growth mission.

Menon has a proven track record of developing strong revenue moats, profit pools, and partnerships to lead organizations of all sizes, from leading M&A to scaling multibillion-dollar companies. Several industry leaders have been mentored and developed by him. He has also managed and led sizable, highly productive, engaged, and agile cross-functional teams. Menon takes great pleasure in resolving the challenging issues involved in growing companies to dominate markets in India. He has a strong interest in using technology to help India and its clients with their difficulties."Adarsh's diverse skill sets and seasoned leadership will play an important role in continuing to scale our business," stated Greg Moran, CEO and co-founder of Zoomcar. I'm sure he'll do a fantastic job positioning the business in his new position as we strive to grow our peer-to-peer car sharing platform, which is geared toward emerging markets.

"I am extremely excited to be leading Zoomcar's business at this important new phase," stated Adarsh Menon, President of Zoomcar India. We at Zoomcar are poised to witness a significant shift in the personal mobility space, and I am excited to collaborate closely with Greg and the larger Zoomcar team to propel the business forward.