Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 109

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 109
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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 ending December 31, 2024, Booking Days on the platform totaled approximately 181,842 compared to 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. 59 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 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