Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 179

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 179
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 2026, our annual
global total addressable market opportunity may expand to approximately $90 billion, using the same broad-based criteria and methodology
as our estimate of serviceable addressable market, and assuming, for purposes of estimating total addressable market, that all of the
persons expected to meet our core demographic criteria in 2026 are Guests engaging in transactions on our platform. For Zoomcar to achieve
results approaching this total addressable market would require, among other things, expansion of our current platform functions and capabilities
to meet a broader range of mobility needs and use cases and significant increases in listed vehicles and density of listings, resulting
in more bookings and increased booking days by customers within our target emerging markets. As with our estimate of serviceable addressable
market, Zoomcar management’s estimate of total addressable market is not a forecast or prediction of Zoomcar’s expected operating
results but is intended solely as an estimate of the total market and revenues potentially available to us based on demographic data and
management’s assumptions, informed by professional experience and industry knowledge, without attempting to take into consideration
the numerous additional factors impacting our business, our customers and our target emerging markets.

Comparison to Western Markets

Compared to Western markets,
we believe our addressable market, and by extension, our total potential for revenue generation, to be larger than if we operated in Western
markets. Among the reasons for this belief, the infrastructure, traffic challenges and low vehicle ownership rates among emerging market
cities and populations create a broader need for shorter-distance transportation solutions in emerging markets, where current offerings
tend to be more expensive, less flexible and less personalized than booking a vehicle through our platform to meet specific travel needs.

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Zoomcar’s Platform Solutions

We believe Zoomcar is positioned
to lead a shift in emerging market mobility solutions to a digitally enabled, hyper-local, personalized service offering for end consumers.
Through our car sharing marketplace, we are pioneering a form of mobility offering that connects Guests with a network of privately owned
vehicles from which they can select cars and Hosts that align with specific, short and medium-term travel needs. Zoomcar’s hyper-local,
peer-to-peer car sharing marketplace provides Guests with an affordable and flexible way to access the convenience of having a private
car of their choosing without the expense of having to purchase or finance and maintain a vehicle. Our platform also provides Hosts with
the ability monetize otherwise underutilized assets, thus facilitating micro-entrepreneurship through