Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 118

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 118
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 31, 2023, a decrease of $3.61 million, or 75%, primarily driven by a $1.82 million reduction in brand marketing expenses incurred on brand visibility, and $1.25 million reduction in performance marketing expenses. Further there was a reduction of $ 0.24 million in Host incentives (this reflects the portion of the host incentives accounted for as sales and marketing expense) during the nine months ended December 31, 2024, as compared to the nine months ended December 31, 2023. Personnel-related costs decreased by $0.31 million due to reductions in headcount. General and Administrative

|                            |     | 2024 | Three months ended December 31, |     | 2023 |           |     | Change |            |   |     | %      
 Change |     |   |     | 2024 | Nine months ended December 31, |     | 2023 |            |     | Change |            |   |     | %      
 Change |     |   |
|:---------------------------|:----|:-----|--------------------------------:|:----|:-----|----------:|:----|:-------|:-----------|:--|:----|:-------|----:|:--|:----|:-----|-------------------------------:|:----|:-----|-----------:|:----|:-------|:-----------|:--|:----|:-------|----:|:--|
| General and administrative |     | $    |                       3,247,389 |     | $    | 9,782,855 |     | $      | (6,535,466 | ) |     |        | -67 | % |     | $    |                      7,302,337 |     | $    | 14,424,956 |     | $      | (7,122,619 | ) |     |        | -49 | % |

General and administrative expenses were $3.25 million during the three months ended December 31, 2024, as compared to $9.78 million during the three months ended December 31, 2023, a reduction of $6.54 million, or 67%. Professional fees reduced by $5.34 million driven by elimination of SPAC related expenses during the three months ending December 31, 2024, as compared to the previous comparable period. Employee benefit expenses, repairs and maintenance expenses reduced by $