Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 200

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 200
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, 2025, Gross Booking Value on the platform totaled approximately $6.47 million, compared to approximately $6.23 million during
the three months ended June 30, 2024.

Components of results of operations

Net revenue

During the fiscal year ended
March 31, 2022, we began offering a peer-to-peer car sharing platform, which 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 those trips fulfilled
by Host vehicles. Prior to August 2021, vehicles available on our platform consisted solely of Company-owned or leased vehicles that we
offered for short-term rental or longer-term subscription.

Our revenue for the three
months ended June 30, 2025, and June 30, 2024, consists of revenue from services and other operating revenue.

45

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