Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 118

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 118
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 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                                                                                                                   
 each booking on our platform, the aggregate amount we charge the Guest consists of the upfront booking fee, value-added fees, the Guest  
 platform fees, and certain other charges (e.g., late fees, trip extension fees, etc.). We refer to these fees collectively as the “gross 
 booking value (GBV).” The booking fee and trip protection fees are determined algorithmically by our system at the time of booking       
 inception, while other fees may be charged during or after the trip, depending on events arising during the trip. Neither Zoomcar nor    
 our Host subsidize fuel costs for Guests. Guests cover their own fuel costs, which are in addition to the booking fee.                   |

<div align='center'>61</div>

| ● | Charges to Hosts: For each                                                                                                              
 booking on our platform, we charge a “revenue share” to the Host based on a percentage of the booking fee plus other fees               
 that are transferable to the Host. The average revenue share that Zoomcar receives from a booking on our platform is approximately 40%, 
 with the Host retaining the remaining 60%. Our platform provides Hosts with a menu of incentives related to specific factors such as    
 bookings served and minimum host ratings. We charge Hosts minimum marketplace fees to offset the costs of our installed devices.        |

Key Business Metrics

In addition to the measures presented in our
unaudited condensed consolidated financial statements, we use the following key business metrics to help us evaluate our business, identify
trends affecting our business, formulate business plans, and make strategic decisions. We are not aware of any uniform standards for
calculating these key metrics, which may hinder comparability with other companies that may calculate similarly titled metrics in a different
way.

| (In thousands)      
 Booking Days        |     | Three months Ended 
 December 31,       
 2024               |   182 |     | 2023 |   164 |     | Nine months Ended 
 December