Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 10

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 10
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 criteria
by 2025; we estimate, for purposes of serviceable addressable market, that approximately 24% of this total population cohort, or 75 million
persons, can now book vehicles on our platform by 2025. We have also assumed, for purposes of estimating serviceable addressable market,
that, for year ended on March 31 2025, our ATV was  $60 of which Zoomcar’s revenue share of total GBV is ~45%. Our estimate of
serviceable addressable market is not a forecast or prediction of Zoomcar’s expected operating results and is merely an estimate
of Zoomcar management’s view of our addressable market, assuming, among other things, availability of quality vehicles, participation
in our platform by Guests and Hosts, consistency of economic, global health and other conditions that affect our business, our customers
and the markets in which we operate.

Total Addressable Market

We view total addressable
market as an estimate of our platform’s total revenue potential by 2025, reflecting publicly-available demographic and economic
data, as well as management estimates informed by industry knowledge and professional experience. Based on the bookings served on our
platform and management estimates that, our annual global total addressable market opportunity has expand to approximately $108 billion
for the year ended on March 31, 2025, using the same broad-based criteria and methodology as our estimate of serviceable addressable
market, and assuming, for purposes of estimating total addressable market, that all of the persons expected to meet our core demographic
criteria in 2025 are Guests engaging in transactions on our platform. For Zoomcar to achieve results approaching this total addressable
market would require, among other things, expansion of our current platform functions and capabilities to meet a broader range of mobility
needs and use cases and significant increases in listed vehicles and density of listings, resulting in more bookings and increased booking
days by customers within our target emerging markets. As with our estimate of serviceable addressable market, Zoomcar management’s
estimate of total addressable market is not a forecast or prediction of Zoomcar’s expected operating results but is intended solely
as an estimate of the total market and revenues potentially available to us based on demographic data and management’s assumptions,
informed by professional experience and industry knowledge, without attempting to take into consideration the numerous additional factors
impacting our business, our customers and our target emerging markets.

Comparison to Western Markets

Compared to Western markets,
we believe our address