Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2001

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 7
Chunk 2001
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 ended, excludes cancelled bookings.

During the year ended March 31, 2025, Gross Booking Value on the platform
totaled approximately $25.28 million, compared to approximately $26.72 million during the year ended March 31, 2024.

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Components of results of operations

Net revenue

Our peer-to-peer car sharing platform, enables Hosts to connect with
Guests. We act as an agent under this model and thus, our primary source of revenue is recording revenue from services (on a net basis)
for trips fulfilled by Host vehicles.

Our revenue for the year
ended March 31, 2025, and March 31, 2024, consists of revenue from services and other operating revenue. 

Revenue from Services

Support and facilitation
services offered by the Company include services like assistance in execution of a lease agreement, payment facilitation, vehicle delivery,
on-road assistance, prospective renter diligence and vehicle usage/location tracking (in cases of loss or theft).

Revenue from services consists
of our share of GBV. The fees that are components of GBV are charged as a percentage of the value of certain components of the gross
booking value, excluding taxes. Our revenue from services consists of our share of the service fees charged to the Hosts, net of incentives
and refunds. We collect these fees from the Guest and share a portion of the booking fee and trip extension with the Host post recovery
of our share of facilitation revenue. Daily we, or our third-party payment processors, disburse a portion of the GBV to the Hosts, less
the fees due from the Host to us. The amounts charged for the booking fee vary based on factors such as the vehicle type, the day of
the week, time of the trip, and the duration of the trip. Revenue is recognized ratably over the trip period as we satisfy our performance
obligations. 

We also require our Guests to choose one of the
three trip protection options. A per-trip amount (included in the booking fee) is charged for trip protection, which is collected upon
the booking. We recognize revenue from trip protection charges over the trip completion period.

Recorded revenue from services
is reduced by the portion of those incentives and credits paid to our Hosts and Guests that cannot be directly attributable to distinct
services performed by the Hosts and Guests. These incentives are treated as contra-revenue and reduce our net Revenue recorded in each
period. Those incentive