Greg Moran’s 12-year drive with Zoomcar has now ended

"On June 20, 2024, Greg Moran, the company?s main enforcement officer, was terminated from his role. Pursuant to Moran?s employment agreement, Moran is required to resign from the Board of Directors of the institution arsenic a effect of specified termination," work SEC filings arsenic of June 21.

According to sources, the steadfast has been nether regulatory reappraisal concerning the marketplace terms of its Nasdaq-listed shares and its gross projections.

On February 5, SEC filings showed that the regulator sought clarity connected the firm's gross projections.

"We enactment that the projected revenues for 2023 were $21.6 million, arsenic acceptable distant successful the investigation of fiscal advisors and successful transportation with the valuation of the concern combination. We besides enactment that your existent revenues for the twelvemonth ended March 31, 2023 were $8.8 million. It appears that you volition miss your 2023 gross projection," the filings said.

On LinkedIn, Moran wrote that this week marks the extremity of a decade-plus travel astatine the helm gathering Zoomcar. "I couldn't beryllium much arrogant of what we've built successful India and beyond arsenic we introduced the powerfulness of car sharing to millions of caller consumers crossed countless cities. Special shoutout to the full Zoomcar squad and our loyal customers for the continuous enactment on the way," helium wrote.