Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 31

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 31
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 will receive Placement Agent Fees equal to 8.0%                                                                     
 of the gross proceeds from the sale of securities in the offering. We will also reimburse the Placement Agent for certain out-of-pocket 
 actual expenses related to the offering. See “Plan of Distribution.”                                                                    |

| Risk Factors |     | An investment in our securities involves a high degree of risk. See “Risk Factors” beginning on page 14 of this prospectus and the other information included in this prospectus for a discussion of the risk factors you should carefully consider before deciding to invest in our securities. |
| Trading      
 Symbol       |     | Our shares of Common Stock                                                                                                                                                                                                                                                                       
 are on the OTCQX, an OTC Market Groups platform, under the symbol “ZCAR”.                                                                                                                                                                                                                        |

The above discussion is based on 7,319,029 shares of Common Stock issued and outstanding as of May 07, 2025, and excludes, as of that date, the following:

| ● | Public Warrants exercisable for up to 5,750 shares of Common Stock which have an exercise price of $11,420 per share; |
| ● | warrants to purchase up to 18,979 shares of Common Stock at an exercise price of $6,000 per share;                    |

| ● | June 2024 Placement Agent Warrants which are currently exercisable                                                              
 for up to 5,297 shares of Common Stock at a current exercise price of $56.64 per share, all of which are currently exercisable; |

| ● | November Series A Warrants which are currently exercisable for up to                                                    
 996,939 shares of Common Stock at a current exercise price of $16.12 per share, all of which are currently exercisable; |
| ● | November Series B Warrants with a maximum exercisable eligibility                                                       
 for up to 5,865shares of Common Stock at an exercise price of $0.002 per share, all of which are currently exercisable; |

| ● | November Placement Agent Warrants to purchase 53,447 shares at a current 
 exercise price of $16.12 per share;                                      |

| ● | November Placement Agent Series A Warrants to purchase 106,893 shares 
 at a current exercise price of $16.12 per share;                      |

12

| ● | December Pre-Funded Warrants which are currently exercisable for up                                                        
 to 21,000 shares of Common Stock at a current exercise price of $0.002 per