Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 195

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 195
---
 Vehicle Protection

One of the concepts fundamental
to our platform is that a Host should not be responsible for vehicle repair costs if the vehicle was damaged during a Guest booking. At
the time of a booking, our Guests select from several possible trip protection options at different pricing levels. In these packages,
Guest liability for vehicle damage costs is typically capped at a set amount depending on the coverage fee selected by the Guest. If damage
to a listed vehicle occurs during a booking, the Host completes any necessary repairs at pre-approved service centers and Zoomcar, on
a case to case basis, bears the repair costs which falls within a standardized pre-approved range. To date we have opted not to obtain
third-party insurance for Host vehicle damage or for Guest or Host theft or other losses, as we believe it is more cost-effective to manage
the associated costs in-house through the collection of the Guest’s trip protection fees. We will continue to assess this determination
as our business grows and evolves over time.

Our Growth Strategy

Going forward, we plan to
continue improving platform functionality and offerings to better serve the mobility needs of additional Hosts and Guests within our current
core markets. Improvement of the core product combined with the development of additional features will likely provide the greatest sustainable
growth lever to the platform. We believe that additional spending on sales and marketing efforts may be useful in these efforts, as most
of our platform expansion to date has resulted from word-of-mouth and brand reputational effects, as opposed to dedicated marketing spend.
While we are not currently looking to expand our operations, we expect to continue to assess expansion opportunities as they become available
to us over time and, in the near term, plan to continue focusing on our efforts to provide high-quality experiences for Hosts and Guests,
with expanding functionalities that we believe will, over time, further expand the variety of use cases for which Guests rely on our platform.
Some of the key elements of our near-term growth strategy include:

| ● | Evolving Platform Functionalities to Capture Additional Bookings. We plan to continue improving our core product offering for both Guests and Hosts, incorporating enhancements to our core technology and data science platforms to improve functionality and convenience for Guests, while also further strengthening listing, monitoring, and customization experiences available to Hosts. We believe that such improvements will support increasing levels of organic traffic to the platform and, in turn, increased volumes of transactions on the marketplace. |

<div align='center'>114</div>

| ● | Increasing High-Quality Listings. While the