Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 305

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 305
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 beneficiary. Company is the primary beneficiary because it has the power to direct the activities
of a VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that potentially
could be significant to the VIE and the right to receive benefits from the VIE that potentially could be significant to the VIE (benefits).
As a result, we consolidate the assets and liabilities of these consolidated VIEs.

The VIEs have been incorporated in their respective locations
to perform the business of providing mobility solutions to consumers and businesses.

The following table summarizes the assets and liabilities
related to the Company’s consolidated VIEs:

|                                                              |     |   | December 31, 
         2024 |     |   | March 31, 
      2024 |
|:-------------------------------------------------------------|:----|:--|-------------:|:----|:--|----------:|
| Assets                                                       |     |   |              |     |   |           |
| Cash and Cash equivalents                                    |     | $ |        4,534 |     | $ |    11,888 |
| Accounts receivable                                          |     | $ |            - |     | $ |     7,341 |
| Other current assets                                         |     | $ |          388 |     | $ |     3,868 |
| Prepaid expenses                                             |     | $ |            - |     | $ |     4,282 |
| Property and equipment, net                                  |     | $ |            - |     | $ |    41,849 |
| Intangible assets, net                                       |     | $ |            - |     | $ |     3,012 |
| Long term Investments                                        |     | $ |        4,003 |     | $ |     4,112 |
| Receivable from government authorities - non-current         |     | $ |        3,940 |     | $ |    18,126 |
| Liabilities                                                  |     |   |              |     |   |           |
| Accounts payable                                             |     | $ |      382,947 |     | $ |   374,692 |
| Contract Liabilities                                         |     | $ |            - |     | $ |     3,755 |
| Current portion of pension and other employee obligations    |     | $ |           78 |     | $ |       986 |
| Other current liabilities                                    |     | $ |