Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1615

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 5
Chunk 1615
---
V 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 year ended March 31, 2025, Gross Booking Value on the platform
totaled approximately $25.28 million, compared to approximately $26.72 million during the year ended March 31, 2024.

66

Components of results of operations

Net revenue

Our peer-to-peer car sharing platform, 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 trips fulfilled by Host vehicles.

Our revenue for the year
ended March 31, 2025, and March 31, 2024, consists of revenue from services and other operating revenue. 

Revenue from Services

Support and facilitation
services offered by the Company include services like assistance in execution of a lease agreement, payment facilitation, vehicle delivery,
on-road assistance, prospective renter diligence and vehicle usage/location tracking (in cases of loss or theft).

Revenue from services consists
of our share of GBV. The fees that are components of GBV are charged as a percentage of the value of certain components of the gross
booking value, excluding taxes. Our revenue from services consists of our share of the service fees charged to the Hosts, net of incentives
and refunds. We collect these fees from the Guest and share a portion of the booking fee and trip extension with the Host post recovery
of our share of facilitation revenue. Daily we, or our third-party payment processors, disburse a portion of the GBV to the Hosts, less
the fees due from the Host to us. The amounts charged for the booking fee vary based on factors such as the vehicle type, the day of
the week, time of the trip, and the duration of the trip. Revenue is recognized ratably over the trip period as we satisfy our performance
oblig