Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 138

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 138
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 2025, assuming that the Company makes no further payments on its currently outstanding indebtedness and only pays current operating accruals. The Company was advised by its largest investor and director that he would no longer commit to continuing his support to the Company in the event that any liquidity requirements arise in the future. There can be no assurance that the Company will be able to achieve its business plan, raise any additional capital or secure the additional financing necessary to implement its current operating plan. The ability of the Company to continue as a going concern is dependent upon its ability to increase its revenues and eventually achieve profitable operations. No adjustments have been made to the financial statements based on this uncertainty. 80 The following table summarizes our cash flows for the periods presented:

|                                                          | Statements of Cash Flows Data: | Nine Months ended Dec 31, |       2024 |   |     |   |       2023 |   |
|:---------------------------------------------------------|:-------------------------------|:--------------------------|-----------:|:--|:----|:--|-----------:|:--|
| Net cash used in provided by operating activities        |                                | $                         | (5,043,721 | ) |     | $ | (8,542,144 | ) |
| Net cash flows generated from investing activities       |                                |                           |    463,556 |   |     |   |    (62,010 | ) |
| Net cash generated from financing activities             |                                |                           |  7,698,030 |   |     |   | 11,204,424 |   |
| Effect of foreign exchange on cash and cash equivalents. |                                |                           |    (16,636 | ) |     |   |   (168,160 | ) |
| Net decrease in cash and cash equivalents                |                                |                           |  3,117,865 |   |     |   |  2,600,270 |   |

Operating Activities Net cash used in operating activities was $5.04 million and $8.54 million for the nine months ended December 31, 2024, and December 31, 2023, respectively. The major drivers contributing to the decrease of $3.50 million during the current nine months compared to previous nine months period included the following:

| 1. | Decrease in net loss of $8.18                                                                                                                     
 million after adjustments for non-cash items. These adjustments include fair value changes in financial instruments, SSCPN issue