Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 171

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 171
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. As of December 31, 2024, nearly half of our full-time employees are employed as technical staff
that develop and refine the artificial intelligence and machine-learning algorithms that, among other things, help to optimize pricing
models, determine appropriate damage coverage options for Guests, present Hosts and Guests with opportunities for ratings-based rewards
and to monitor appropriate use of our platform. Our platform provides powerful tools for vehicle searching and discovery, Host and Guest
chat and vehicle and driver tracking and ratings features. Highly-ranked Hosts with multiple vehicle offerings and highly rated prior
hosting experiences can earn favorable placements for their vehicles on our platform. Guests can use the Host ratings and reviews shared
on our platform to choose vehicles that best suit their needs and preferences. Our customized GPS-enabled vehicle tracking systems allow
us to integrate Guest driving data into our computation of “driver scores” which comprise an important part of the feedback
and review systems that collectively foster a trust-based community of Zoomcar platform users. We supplement our core platform technology
through a software-enabled keyless entry application that is deployed across the vast majority of Host vehicles, thereby enabling Guests
to access booked vehicles in a contactless fashion through their personal smartphones.

As of January 31, 2025,
we had approximately 44,250 registered Host vehicles and 3.2 million active Guests (defined as Guests who have searched our platform for
vehicles or bookings within the preceding twelve (12)-month period) participating in our marketplace.

We expanded our business
outside of India in 2021 to Indonesia, Egypt and Vietnam. After carefully managing return on investment in these markets, we confirmed
that our business model fits the needs of customers in Indonesia, Vietnam and Egypt, however, scaling in these countries requires investments
in marketing which we do not currently have capital to achieve. Accordingly, we decided to cease operations in Vietnam in 2023, and in
Indonesia and Egypt in 2024, so that we can concentrate our engineering and financial resources in India. Over time, Zoomcar plans to
further increase penetration within India and, in the future, to expand into additional countries, subject to our financial condition.

How our Platform Works

Accessing Our Platform

| ● | Hosts: Our platform is                                                                                                                     
 designed to make it quick and easy for vehicle owners to create a “Host” account, complete our onboarding and registration                 
 process (i.e., add basic profile and vehicle information, which is then validated by Zoomcar), create attractive vehicle