*

Recently, realizing new fermions, such as type-I and type-II Dirac/Weyl fermions in condensed matter systems, has attracted considerable attention. Here we show that the transition state from type-I to type-II Dirac fermions can be viewed as a type-III Dirac fermion, which exhibits unique characteristics, including a Dirac-line Fermi surface with nontrivial topological invariant and critical chiral anomaly effect, distinct from previously known Dirac semimetals. Most importantly, we discover Zn₂In₂S₅ is a type-III Dirac semimetal material, characterized with a pair of Dirac points in the bulk and Fermi arcs on the surface. We further propose a solid-state realization of the black-hole-horizon analogue in inhomogeneous Zn₂In₂S₅ to simulate black hole evaporation with high Hawking temperature. We envision that our findings will stimulate researchers to study novel physics of type-III Dirac fermions, as well as astronomical problems in a condensed matter analogue.