Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 609

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1B
Chunk 609
---
 (i) following the Business Combination, the business and operations of Zoomcar Holdings, Inc. and its consolidated subsidiaries, and
(ii) prior to the Business Combination, Zoomcar, Inc. (the predecessor entity in existence prior to the consummation of the Business
Combination) and its consolidated subsidiaries.

64

Overview

Zoomcar’s current business model is an online peer-to-peer car
sharing platform which connects Hosts (car owners) with Guests (persons in temporary need of vehicles). Our business model is explained
in details under the “Standard booking Flow” section below.

As of June 27, 2025 we had
6,284,491 shares of our Common Stock issued and outstanding. Except as otherwise indicated, all share and per share information in this
report gives effect to a second reverse stock split effected on March 21, 2025 at a ratio of 1-for-20.

Standard Booking Flow

We operated a peer-to-peer
car sharing platform in emerging markets across three countries and generated revenues from bookings by our Guests of vehicles listed
on our Zoomcar platform by our Hosts. Zoomcar receives a portion of the associated booking fee charged to the Guest (less any credits
or discounts applied), as well as platform fees charged to Guests and Hosts and trip protection fees (which we refer to as “value-added
fees”) charged to Guests. As further described below, other fees charged to Guests, such as fuel charges, are paid fully to Hosts,
who also receive a revenue share equal to approximately 60% of booking fees and between 0% and 40% of certain other charges. We use our
customized algorithm to price trips dynamically on the platform, leveraging our data from the millions of miles driven on our platform
to intelligently price the risks of trips and the market, incorporating information about Guests informed by data we collect and Zoomcar
management’s professional experience. While Hosts can opt to offer bookings at prices that are different from those the platform
generates as recommendations, most Hosts tend to select the algorithmically derived pricing for their bookings. The functionality enabled
by our customized pricing tools is reflected in both Guest booking fees and in the trip protection or “value-added fees”
charged to Guests, who are presented with three algorithmically derived trip protection pricing options from which to choose. The revenue-
generating components of a trip booked on our peer-to-peer car sharing platform include:

    ●
    Charges to Guests: For