Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 7

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 7
---
 that are focused on intra-city point-to-point travel.
    We believe the majority of ride sharing use cases are for trips under 15 miles, above which the pricing becomes unattractive to most
    consumers, as pricing models need to take into account the costs associated with the driver’s return trip, which we believe
    may add between 20-30% to the overall trip price. In addition to being a more cost-effective alternative to ride sharing, we believe
    that car sharing offers advantages relating to autonomy, privacy, convenience and comfort. Moreover, the range of vehicle options
    available through a car sharing platform greatly outweigh those options available under a ride-hailing option.

    ●
    Traditional car rental
    and chauffer services in our target emerging markets are generally unorganized, largely offline, and oftentimes still come with a
    driver included. A collection of smaller, largely offline operators provides car rental services to the end consumers needing
    cars for personal use in our target emerging markets. In the absence of traditional car rental companies, these local “mom
    and pop” providers offer less standardized services that do not provide the driver with significant choice or price transparency
    (e.g., many still require an upfront cash deposit). Additionally, the offline providers typically do not have broad local presences
    and are thus unable to offer value added services like home delivery or flexible vehicle extensions. The unorganized rental providers
    also focus on offline fulfilment which is not digitally enabled and therefore require significant manual intervention to start the
    trip. A final key distinction with traditional car rental service providers in our target emerging markets is that many remain focused
    on providing the vehicle alongside a chauffeured driver, thereby adding to the expense of the car use.

Evolving Consumer Expectations

In parallel with the limitations
of present mobility options in our target emerging markets, consumer expectations are also evolving, with discernible and dynamic shifts
among tech-enabled emerging market populations. The following are some key developments that Zoomcar management views as shaping current
evolutions in personal mobility:

    ●
    Mobile-app-based, on-demand
    solutions offer improved levels of customer convenience and flexibility. Over the past decade, mobile technology usage has proliferated
    across our target emerging markets, and we believe consumers now expect digital access to a wide range of goods and services including
    dining, personal shopping, travel and tourism, hospitality and entertainment services. Industries that were once largely offline
    have become more digitally connected