Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 268

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 268
---
 Warrants or the Pre-Funded Warrants on any national securities exchange or other
trading market. Without an active trading market, the liquidity of such securities will be limited. The common shares issuable upon exercise
of the Series A Warrants are currently listed on Nasdaq.

Rights as a Shareholder

Except as otherwise provided
in the Series A Warrants or by virtue of the holders’ ownership of common shares, the holders of the Series A Warrants do not have
the rights or privileges of holders of our common shares, including any voting rights, until such Series A Warrant holders exercise their
Series A Warrants.

Form of Warrant

The Series A Warrants will
be issued in certificated form as individual warrant agreements to the investors.

The following summary of
certain terms and provisions of the Pre-Funded Warrants that are being offered hereby is not complete and is subject to, and qualified
in its entirety by, the provisions of the Pre-Funded Warrant, the form of which is filed as an exhibit to the registration statement of
which this prospectus forms a part. Prospective investors should carefully review the terms and provisions of the form of Pre-Funded Warrant
for a complete description of the terms and conditions of the Pre-Funded Warrants.

Duration, Exercise Price and Form

Each Pre-Funded Warrant offered
hereby will have an initial exercise price per share equal to $0.001. The Pre-Funded Warrants will be immediately exercisable and will
not expire prior to exercise. The exercise price and number of common shares issuable upon exercise is subject to appropriate adjustment
in the event of stock dividends, stock splits, reorganizations or similar events affecting our common shares. The Pre-Funded Warrants
will be issued in electronic form.

Exercisability

The Pre-Funded Warrants will
be exercisable, at the option of each holder, in whole or in part, by delivering to us a duly executed exercise notice accompanied by
payment in full for the number of common shares purchased upon such exercise. A holder (together with its affiliates) may not exercise
any portion of the Pre-Funded Warrant to the extent that the holder would own more than 4.99% (or, at the election of the holder, 9.99%)
of the outstanding common shares immediately after exercise, except that upon notice from the holder to us, the holder may increase or
decrease the beneficial ownership limitation in the holder’s