Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 113

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 113
---
     |      |                      6,937,250 |     |      | 7,717,064 |     | $      | (779,814 | ) |     |        |     |   |

Our total net revenue for the three months ended on December 31, 2024, and December 31, 2023, was $2.45 million and $2.42 million, respectively, representing a decline of $0.03 million, or 1.15%. While the total number of Bookings and booking Days increased by 19% and 11% respectively, GBV declined marginally by 0.02% during the three months ended December 31, 2024, versus the previous comparable period. Our total net revenue for the nine months ended on December 31, 2024, and December 31, 2023, was $6.94 million and $7.72 million, respectively, representing a decline of $0.78 million, or 10%. While the total number of Bookings and Booking Days increased by 11% and 0.02% respectively, GBV declined by 8%, during the nine months ended December 31, 2024, versus the previous comparable period. In the peer-to-peer car sharing model, we continued to take several measures to improve profitability, such as (i) reduction of cash incentives paid to Hosts and (ii) introduction of cancellation fees for Guest. These and other cost rationalization strategies resulted in improved unit profitability at the expense of lower or negligible growth in GBV and Net revenue for the three and nine months ended on December 31, 2024, compared to the same period in 2023. 63 Costs and Expenses Cost of Revenue

|                 |     | 2024 | Three months ended December 31, |     | 2023 |           |     | Change |          |   |     | %      
 Change |     |   |     | 2024 | Nine months ended December 31, |     | 2023 |           |     | Change |            |   |     | %      
 Change |     |   |
|:----------------|:----|:-----|--------------------------------:|:----|:-----|----------:|:----|:-------|:---------|:--|:----|:-------|----:|:--|:----|:-----|-------------------------------:|:----|:-----|----------:|:----|