Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 120

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 120
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.34 million during the nine months ended December 31, 2024 as comparted to Nil during the nine months ended December 31, 2023 and $1.76 million Loss on extinguishment of redeemable promissory note during the nine months ended December 31, 2024 as compared to Nil during the nine months ended December 31, 2023 was partially offset by the change in the fair value of derivative financial instruments resulted in a gain of $ 5.47 million during the nine months ended December 31, 2024 as compared to the same being nil during the nine months ended December 31, 2023. Further there was a non-cash gain on account of change in the fair value of Atalaya note amounting to $0.73 million recorded during the nine months ended December 31, 2024 as compared to the same being cost to the company during the nine months ended December 31, 2023. 64 Non-GAAP Financial Measures In addition to our results determined in accordance with GAAP, we believe the following non-GAAP financial measures help us to evaluate our business, identify trends affecting our business, formulate business plans, and make strategic decisions. We use the following non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that these non-GAAP financial measures, when taken collectively, may be helpful to investors because they provide consistency and comparability with past financial performance and assist in comparisons with other companies, some of which use similar non-GAAP financial measures to supplement their GAAP results. The non-GAAP financial measures are presented for supplemental informational purposes only, should not be considered as a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP financial measures used by other companies. Because of these limitations, we consider, and you should consider, our non-GAAP financial measures alongside other financial performance measures presented in accordance with GAAP. A reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP is provided below. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. The following table summarizes our non-GAAP financial measures, along with the most directly comparable GAAP measure, for each period presented below.

|                            |     | 2024 |        Three 
 months ended 
 December 31, |