Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 199

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 199
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 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.

    For the Three Months Ended 

    June 30,  
    June 30, 
  
    (In thousands) 
    2025  
    2024 
  
    Booking Days 
     191  
     170 
  
    Gross Booking Value 
    $6,472  
    $6,230 

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 three months ended
June 30, 2025, Booking Days on the platform totaled approximately 190,931, compared to 170,125 during the three months ended June 30,
2024.

44

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 three months ended
June 30