Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1826

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 6
Chunk 1826
---
of such amount, as those Securities were issued in consideration for the settlement of litigation with a claimant. The Company received
balance net proceeds of approximately $1.25 million after the deduction of fees and expenses payable to the Placement Agent and other
offering expenses, including legal fees payable to the Company’s and Placement Agent’s counsel. 

The following table summarizes
our cash flows for the periods presented:

    Statements of Cash Flows Data: 
    For the Years Ended
 March 31, 

    2025  
    2024 
  
    Net cash used in provided by operating activities 
     (9,076,067) 
     (22,199,149)
  
    Net cash flows generated from investing activities 
     492,140  
     814 
  
    Net cash generated from financing activities 
     8,269,234  
     20,202,013 
  
    Effect of foreign exchange on cash and cash equivalents. 
     (9,415) 
     (194,275)
  
    Net decrease in cash and cash equivalents 
     (314,693) 
     (1,996,322)

Operating Activities

Net cash used in operating
activities was $9.08 million and $22.20 million for the year ended March 31, 2025, and March 31, 2024, respectively. The major drivers
contributing to the decrease of $13.12 million during the current financial year compared to previous financial year included the following:

 Decrease in net loss of $13.11 million after adjustments for non-cash
items. These adjustments include fair value changes in financial instruments, loss on Litigation settlement, loss on extinguishment
of liability, interest on redeemable promissory note, loss on extinguishment of redeemable promissory note, issuance cost towards issue
of common stock and warrants, gain on troubled debt restructuring, change in fair value of Unsecured Convertible Note and other adjustments.

Investing Activities

Net cash generated from
investing activities totaled $0.49 million for the year ended March 31, 2025, as compared to Nominal cash generated for investing activities
during the same period in 2024. The increase in cash generated during year ended March 31, 2025, is largely attributable to receipt of
proceeds from maturity of investment in fixed deposits and proceeds from sale of assets held for sale