Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 119

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 119
---
31,      
 2024              |    512 |     | 2023 |    511 |
|:--------------------|:----|:-------------------|------:|:----|:-----|------:|:----|:------------------|-------:|:----|:-----|-------:|
| Gross Booking Value |     | $                  | 6,530 |     | $    | 6,531 |     | $                 | 18,879 |     | $    | 20,539 |

| (In thousands)      
 Booking Days        |     | For the Years Ended 
 March 31,           
 2024                |    670 |     | 2023 |    813 |
|:--------------------|:----|:--------------------|-------:|:----|:-----|-------:|
| Gross Booking Value |     | $                   | 26,721 |     | $    | 33,089 |

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 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.

<div align='center'>62</div>

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