Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2425

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 8
Chunk 2425
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 Long term Investments 
    $3,991  
    $4,112 
  
    Receivable from government authorities - non-current 
    $0  
    $18,126 

    Liabilities 

    Accounts payable 
    $383,355  
    $374,692 
  
    Contract Liabilities 
    $-  
    $3,755 
  
    Current portion of pension and other employee obligations 
    $80  
    $986 
  
    Other current liabilities 
    $141,164  
    $148,950 
  
    Pension and other employee obligations, less current portion 
    $-  
    $1,189 

Nature of investment in the VIEs is
as follows:

  Name of the VIE entity   Place of incorporation   Nature of investment   Investor entity                 Zoomcar Egypt Car Rental LLC***   Egypt   Debt   Zoomcar Netherlands Holding B.V   Zoomcar Egypt Car Rental LLC***   Egypt   Debt   Zoomcar Inc.  Fleet Mobility Philippines Corporation *   Philippines   Debt   Zoomcar Inc.  Zoomcar Vietnam Mobility LLC**   Vietnam   Debt   Fleet Holding Pte Ltd   Zoomcar Vietnam Mobility LLC**   Vietnam   Debt   Zoomcar Inc.  Zoomcar Vietnam Mobility LLC**   Vietnam   Equity   Fleet Holding Pte Ltd  

These amounts have been eliminated during
the process of consolidation

*In May 2022, Company had initiated the process of winding-up
for Fleet Mobility Philippines Corporation. The assets consolidated for the VIE are not material.

**In August 2023, Zoomcar Vietnam Mobility LLC has filed for
bankruptcy with the local authorities. In accordance with ASC 810-10-15-10, the Company consolidates the VIE as the bankruptcy application
is pending with the authorities in Vietnam and unless the application is admitted, the Company holds a variable interest and still is
the primary beneficiary. The assets/liabilities consolidated for the VIE are not material.

***On June 3, 2024, Zoomcar Egypt Car Rental LLC has closed
down its operations due to decrease in operations and rising economic difficulties. The assets consolidated for the VIE are not material.
Additionally, On December 15 , 2024, Zoomcar Egypt Car Rental LLC held an extraordinary general meeting to initiate the liquidation process
and appoint a liquidator.

The VIEs included in the Consolidated
Financial Statements are separate legal entities and their assets are legally