Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 3

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 3
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 and connect with Guests seeking to book trips. Our platform includes AI and machine-learning- developed functionality that enable
    Hosts to manage their vehicle listings and rewards, pre-set booking parameters, optimize discretionary booking price elements and
    exchange messages with Guests as needed. Prior to listing a vehicle on the Zoomcar platform, the Host is encouraged to install a
    customized IoT device pre-programmed by Zoomcar to enable GPS tracking and data collection by Zoomcar and keyless, digital vehicle
    access by Guests.

    ●
    Guests: Guests seeking
    vehicles establish an account on our platform by providing basic identification, driver’s license and payment information.
    Guests browse our vehicle catalogue to find cars sorted by a variety of criteria to meet their transportation needs. Our platform
    is intended to be both efficient and highly personalized, incorporating search-and ranking-based algorithms powered by back-end data
    science models that use historical bookings and recent search data, to offer the most personalized vehicle catalogue results to the
    Guest. Our platform functionality is constantly evolving and improving, often in response to feedback from Guests, whose ratings
    and reviews are at the core of the community-driven ethos of our platform.

Browsing and Selecting Vehicles

Our platform allows Guests
to search listed vehicles in our catalogue across multiple criteria, including price, location, car type, rating, and other relevant
parameters. Although listings on our platform change over time, there are generally a wide variety of vehicles available to Guests, including
numerous options for compact cars, sedans, SUVs and oftentimes luxury, electric, or other premium vehicles; many listed vehicles have
specific features, such as luggage racks, extra trunk storage, children’s car seats and other criteria that Guests find desirable
for specific use cases (such as, for example, a weekend get-away trip, moving homes or a family vacation). The density of vehicles available
to Guests across cities within our current markets, particularly in the largest urban areas, enables most Guests to identify and book
vehicles at locations close to their homes or workplaces. The platform also allows certain highly-ranked Hosts to provide Guests an option
of doorstep delivery, therein providing incremental last-mile convenience to the Guest. Guests can observe reviews by other Guests when
choosing vehicles, which helps to further build out a community of trust and transparency between Guests and Hosts.

Bookings

Guests book and pay for
the use of vehicles directly through our platform through our mobile applications (Android and iOS) or website. We