Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 883

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 2
Chunk 883
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 bookings on our marketplace platform
began to represent an increasing proportion of our total revenues.

As of February 10,
2025, we had 7,846,450 shares of our Common Stock issued and outstanding. Except as otherwise indicated, all share and per share
information in this report gives effect to a reverse stock split effected on October 21, 2024, at a ratio of 1-for-100.

Standard Booking Flow

During the nine months ended
December 31, 2024, we operated a peer-to-peer car sharing platform in emerging markets across three countries and generated revenues from
bookings by our Guests of vehicles listed on our Zoomcar platform by our Hosts. Zoomcar receives a portion of the associated booking fee
charged to the Guest (less any credits or discounts applied), as well as platform fees charged to Guests and Hosts and trip protection
fees (which we refer to as “value-added fees”) charged to Guests. As further described below, other fees charged to Guests,
such as fuel charges, are paid fully to Hosts, who also receive a revenue share equal to approximately 60% of booking fees and between
0% and 40% of certain other charges. We use our customized algorithm to price trips dynamically on the platform, leveraging our data from
the millions of miles driven on our platform to intelligently price the risks of trips and the market, incorporating information about
Guests informed by data we collect and Zoomcar management’s professional experience. While Hosts can opt to offer bookings at prices
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