Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 115

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 115
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 2024, by optimizing network of third-party vehicle garages, entering new pricing contract with these garages, and reducing accident rate by strengthening the Guest verification process. During the nine months ended December 31, 2024 there is a savings of $0.32 million due to introducing direct settlement of Toll charges between host and guest, a decrease of $0.26 million of uncollected customer charges which were paid to the Host by the Company as part of its business customary practice. Due to discontinuation of operations in Egypt, Indonesia, and Vietnam there was a savings of $0.16 million during the nine months ended in December 31, 2024, as compared to nine months ended December 31, 2023 under other expenses.. We further achieved savings of $0.29 million for software support and maintenance charges due to optimization of cloud cost and google maps services which were comparatively higher during the nine months ending December 31, 2023, owing to the higher spending on brand marketing which brought more customers on the platform, increased searches without any material impact on booking. Further, there were cost savings of $0.40 million on account of depreciation on tracking devices during the nine months ended December 31, 2024, as compared to nine months ended December 31, 2023, since these devices were completely depreciated in the previous Fiscal year ending March 31, 2024. Technology and Development

|                            |     | 2024 | Three months ended December 31, |     | 2023 |           |     | Change |          |   |     | %      
 Change |     |   |     | 2024 | Nine months ended December 31, |     | 2023 |           |     | Change |            |   |     | %      
 Change |     |   |
|:---------------------------|:----|:-----|--------------------------------:|:----|:-----|----------:|:----|:-------|:---------|:--|:----|:-------|----:|:--|:----|:-----|-------------------------------:|:----|:-----|----------:|:----|:-------|:-----------|:--|:----|:-------|----:|:--|
| Technology and development |     | $    |                         749,287 |     | $    | 1,261,101 |     | $      | (511,814 | ) |     |        | -41