Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 352

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 352
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 and “Investments with related parties” as on March 31, 2023. (Refer Note 8(b) and 14(b)).

8 (b) Short term investments with related parties

The components of short term investments were as follows:

(In USD)

| As at                             |     | March 
 31,   
 2024  |   |     | March 
 31,   
 2023  |         |
|:----------------------------------|:----|:------|:--|:----|:------|--------:|
| Certificate                       
 of deposits with related parties* |     |       | - |     |       | 166,540 |
| Short term investments            |     |       | - |     |       | 166,540 |

Further, these deposits are under lien against debt availed
from the party.

(This space has been left intentionally blank) F- 81 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

9 (a) Other current assets

The components of other current assets were as follows:

(In USD)

|                                 | As at |     |   March 
     31, 
    2024 |     |     |     March 
       31, 
      2023 |
|:--------------------------------|:------|:----|--------:|:----|:----|----------:|
| Security deposits               |       |     |  98,813 |     |     |    53,585 |
| Franchise tax refund receivable |       |     |  84,490 |     |     |         - |
| Advance to employees            |       |     |  15,159 |     |     |    67,997 |
| Receivables from car sale       |       |     |  90,244 |     |     |   578,523 |
| Advance income taxes, net       |       |     |   9,094 |     |     |   105,837 |
| Advance to suppliers            |       |     |   9,370 |     |     |    88,115 |
| Other receivables               |       |     | 216,576 |     |     |   256,152 |
| Other current assets            |       |     | 523,746 |     |     | 1,150,209 |

9 (b) Other current assets with related parties

The components of