Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 160

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 160
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 opportunity to be approximately $20 billion, taking into account publicly-available demographic and other predictive population data through 2026 and assuming that, within the same time period, our customer base expands to a total of 75 million Guests from among the total estimated population expected, by 2026, to have the following attributes (collectively, our “core demographic criteria”): residing in an urban center within one of Zoomcar’s 25 potential emerging market countries; having annual reported income within the top 65th percentile within the country of residence; between 18 and 50 years of age; and holding active drivers licenses. Based on publicly-available demographic and economic data and Zoomcar management analysis, 310 million people across our target emerging markets are expected to meet these demographic criteria by 2026; we estimate, for purposes of serviceable addressable market, that approximately 24% of this total population cohort, or 75 million persons, could book vehicles on our platform by 2026. We have also assumed, for purposes of estimating serviceable addressable market, that, by 2026, our ATV will be $50 (representing a reduction in our ATV of $60.15 for the month of January 2025, as we expect that, over time, a larger proportion of our total use cases will consist of shorter trips) and that Zoomcar’s revenue share of total GBV will be ~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 2026, reflecting publicly-available demographic and economic data, as well as management estimates informed by industry knowledge and professional experience. We estimate that, by 2026, our annual global total addressable market opportunity may expand to approximately $90 billion, 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 2026 are Guests engaging in transactions on our platform. For Zoomcar to achieve results approaching this total addressable market would require,