Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 306

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 306
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    2024  
    2023 
  
    Booking Days 
     182  
     164  
     512  
     511 
  
    Gross Booking Value 
    $6,530  
    $6,531  
    $18,879  
    $20,539 

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.

54

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 from net revenue. GBV is driven by the number of Booking
Days and related trip pricing. Revenue from bookings is recognized ratably over the duration of the trip; accordingly, we consider GBV
a “leading indicator” of revenue.

(1)Refers
to calendar quarters (i.e., Q2-21 = April 01 to June 30, 2021).

(2)Booking
Days and GBV for bookings ended, excludes cancelled bookings.

During the three months ended December 31, 2024, Gross Booking Value
on the platform totaled approximately $6.53 million, with negligible decline compared to approximately $6.53 million during