Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 298

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 298
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     | $ | 2,391,332 |     | $ |         6,920,079 |     | $ | 7,615,314 |
| Egypt                            |     |                    |         - |     |   |    27,868 |     |   |            13,225 |     |   |    78,259 |
| Vietnam                          |     |                    |         - |     |   |         - |     |   |                 - |     |   |    17,873 |
| Indonesia                        |     |                    |        45 |     |   |     2,238 |     |   |             3,946 |     |   |     5,618 |
|                                  |     | $                  | 2,449,368 |     | $ | 2,421,438 |     | $ |         6,937,250 |     | $ | 7,717,064 |

Contract balances

The
Company’s contract liabilities for consideration collected prior to satisfying the performance obligations is $ and $
as at December 31, 2024 and March 31, 2024 respectively. The Company has collected $ as advance from customers during the
nine months ended December 31, 2024.

The
Company offers loyalty program, Z-Points, that results in the deferral of revenue equivalent to the retail value at the date the
points are earned. The Company had accumulated deferred revenue amounting to $ and $ as at December 31, 2024 and March
31, 2024, respectively in relation to Loyalty program.

Revenue recognized during the three
months and nine months ended December 31, 2024 which was included in contract liabilities balance at the beginning of the respective period
amounts to $() and $ respectively ($NIL and $ recognized during the three months and nine months ended December 31,
2023 respectively).

F- 37 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 24 | Finance costs |

The components of finance costs were as follows:

| (In USD)                                                  
 Finance costs -other than related parties                 |     | Three months ended 
 December 31,       
 2024               |           |     | 2023 |           |     | Nine months ended 
 December 31,      
 2024              |           |     | 2023 |