Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 107

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 107
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 163,864 during the three ended December 31, 2023. For the nine months ending December 31, 2024, Booking Days on the platform totaled approximately 511,389 compared to 510,023 during the nine months ended December 31, 2023. 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. |

57 During the three months ended December 31, 2024, Gross Booking Value on the platform totaled approximately $6.53 million, with negligible decline compared to approximately $6.53 million during the three months ended December 31, 2023. During the nine months ended December 31, 2024, Gross Booking Value on the platform totaled approximately $18.88 million, compared to approximately $20.54 million during the nine months ended December 31, 2023. Though there is increase in booking days and number of bookings for the three and nine months ended December 31,2024 as compared to December 31, 2023, we continue to observe decline in GBV owing to the several measures we took to shift our strategy from volume to profitability and improve our unit profitability, which resulted in the lower sequential growth in GBV. Components of results of operations Net revenue During the fiscal year ended March 31, 2022, we began offering a peer-to-peer car sharing platform, which 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 a net basis) for those trips fulfilled by Host vehicles. Prior to August 2021, vehicles available on our platform consisted solely of Company-owned or leased vehicles that we