Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 277

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 277
---
  Series A and Series B Warrants   Derivative financial instruments  $7,950,503   Derivative financial instruments  $        -   Total     $7,950,503      $-  

The changes in fair value of the Series
A and Series B warrants are being recognized under ‘Change in fair value of derivative financial instruments’ within the Condensed
Consolidated Statements of Operations. Refer Note 31, Fair value measurements. The Company classifies cash flows related to derivative
liabilities as financing activities in the Condensed Consolidated Statement of Cash Flows. Further, the Company has reported the (gain)/loss
on fair value change of these derivative financial instruments under non cash adjustments to the cash flow from operating activities in
the Condensed Consolidated Statement of Cash Flows.

36

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS (UNAUDITED)

    23
    Revenue

The components of revenue, net were as follows: 

    Three months ended  December 31,  
    Nine months ended  December 31, 
  
    (In USD) 
    2024  
    2023  
    2024  
    2023 

    Revenue from services 

    Facilitation revenue (net) 
    $2,448,571  
    $2,421,438  
    $6,894,511  
    $7,717,064 
  
    Others 
     797  
     -  
     797  
     - 

    Other operating revenues 
     -  
     -  
     41,942  
     - 
  
    Total 
    $2,449,368  
    $2,421,438  
    $6,937,250  
    $7,717,064 

    Three months ended 
December 31,  
     Nine months ended 
December 31, 
  
    Revenue by geographical location 
     2024  
     2023  
     2024  
     2023 
  
    India 
    $2,449,323  
    $2,391,332  
    $6,920,079  
    $7,615,314 
  
    Egypt 
     -