Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 123

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 123
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 2025  
    2024 
  
    Booking Days 
     679  
     670 
  
    Gross Booking Value 
    $25,283  
    $26,721 

65

Booking Days

We define “Booking
Days” as total days (24 hours measured in minutes) that a vehicle is booked by Guests on our platform in a given period, for trips
ended, net of total days relating to cancelled bookings in that period. We believe Booking Days is a key business metric to help investors
and others understand and evaluate our results of operations in the same manner as our management team, as it represents a standardized
unit of transaction volume on our platform in any given time period.

    (1)
    Refers to calendar quarters
    (i.e., Q2-21 = April 01 to June 30, 2021).

For the year ended March 31, 2025, Booking Days on the platform totaled
approximately 678,708 , compared to 669,454 during the year ended March 31, 2024.

Gross Booking Value

We define the Gross Booking
Value, or GBV, as the total dollar value of Booking Days booked on our platform, including upfront booking fee (less discounts and credits),
value-added fees (i.e., trip protection fees), Guest and Host platform fees, and other charges. GBV includes applicable pass-through
taxes and other fees required to be remitted to local authorities, which are excluded from net revenue. GBV is driven by the number of
Booking Days and related trip pricing. Revenue from bookings is recognized ratably over the duration of the trip; accordingly, we consider
GBV a “leading indicator” of revenue.

    (1)
    Refers to calendar quarters
    (i.e., Q2-21 = April 01 to June 30, 2021).

    (2)
    Booking Days and GBV for
    bookings ended, excludes cancelled bookings.

During the year ended March 31, 2025, Gross Booking Value on the platform
totaled approximately $25.28 million, compared to approximately $26.72 million during the year ended March 31, 2024.

66

Components of results of operations

Net revenue

Our peer-to-peer car sharing platform, enables Hosts to connect with
Guests. We act as an agent under this model and thus, our primary source of revenue is recording revenue from services (on