Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 266

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 266
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 ended December 31, 2024 and December 31, 2023, the Company derives its revenue principally from the following:

Facilitation revenue (“Host services”)

The Company launched its platform
“Zoomcar Host Services” during the year ended March 2022. Zoomcar Host Services is a marketplace feature of the platform that
helps owners of vehicles (“Hosts/ Customer/Lessors”) connect with users (“Renters/Lessee”) in temporary need of
a vehicle on leasehold basis for their personal use.

Facilitation Services revenue
consists of facilitation fees charged to Hosts, net of incentives and refunds and trip protection charged to the Renters. The Company
charges facilitation fees to its customers as a percentage of the value of the total booking, excluding taxes. The Company collects both
the booking value on behalf of the Host and the trip protection charges from the renter. On a daily basis the Company, or its third-party
payment processors, disburse the booking value to the host, less the fees due from the host to the Company. The amounts charged for trip
fees for the Marketplace service vary based on factors such as the vehicle type, the day of the week, time of the trip, and the duration
of the trip. Hence, the Company’s primary performance obligation in the transaction towards the Host is to facilitate the successful
completion of the rental transaction and towards the renter is to offer trip protection.

Customer support is rendered to
both the Host (customer/lessor) and the renter (lessee). Company being the intermediary between the two provides its platform through
which all communication takes place related to any services e.g., extension of trip period. Such services also include the normal customer
support related to any vehicle breakdowns, tracking of vehicles, renter background checks, vehicle ownership checks and various other
activities which are part of an ongoing set of series required for successful listing, renting and completion of trip. These activities
are not distinct from each other and are not separate performance obligations. As a result, these series of services integrate together
to form a single performance obligation.

F- 11 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS In case of booking value collected from the renter on behalf of the Host, the Company evaluates the presentation of revenue on a gross versus net basis based on whether or not it is the principal(gross) or the agent (net) in the