Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 812

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1C
Chunk 812
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also made to the extent that such investor participated in the offering closed in February 2025.

The Company has taken necessary financial provisions of $185,077 as
recorded in the “Other expense/(income), net” in the Consolidated Financial Statements for the year ending on March 31, 2025.

61

Other Matters 

Zoomcar utilizes a set of
Terms and Conditions (“T&Cs”) tailored specifically for each of the jurisdictions in which we operate which includes
privacy policy, platform use policy, terms and conditions for Host and Guest. These T&Cs are in the form of a clickwrap agreement
which lays down the duties, risks, and the liabilities of Zoomcar, Hosts and the Guests in relation to use of services rendered by Zoomcar
through its Platform. These T&Cs inter alia cover the eligibility criteria for listing/leasing of vehicles, facilitation of
booking, cancellation and incident reporting via the platform, processing of payments/refunds etc. and they further lay out the risks,
rights and obligations of the Hosts and the Guests with respect to handling of the vehicles, responsibility for damage, accident, traffic
violations and/or for any incidents in violation of applicable law.

In addition to the T&Cs,
due to regulatory requirements in India, an additional lease agreement is executed between the Host and the Guest which encompasses the
allocation of risks and responsibilities of the Hosts and Guests with respect to listing and use of the relevant vehicle. The execution
of such lease agreement is facilitated through the Zoomcar Platform in the form of a clickwrap agreement.

Given that Zoomcar operates
as a peer-to-peer carsharing marketplace which facilitates sharing of vehicles between the Hosts and Guests through its platform, the
responsibility and liability of Zoomcar under the T&Cs is limited to being a facilitator of such transaction and the obligations
for liabilities arising out of listing and/or use of the vehicle booked through the platform is on the Guests and the Hosts. The use
of the Zoomcar platform and sharing of vehicle through the platform is undertaken by the Host and Guests entirely at their own risk.
Zoomcar’s liability is further capped under the T&Cs at approximately $120 (across all jurisdictions) for any claims arising
out of the use of Zoomcar platform. However, Zoomcar, as part of the facilitation services to Hosts and Guests, also provides for trip-based
vehicle protection whereby Zoomcar collects and pools the “value-add” damage coverage fee to