Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 131

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 131
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127,161 |     | $    | 13,628,832 |     | $      | (7,501,671 | ) |     |        |  -55 | % |
| Finance costs to related parties |     | $    |                               - |     | $    |    12,426 |     | $      | (12,426    | ) |     |        | -100 | % |     | $    |                              - |     | $    |     38,203 |     | $      | (38,203    | ) |     |        | -100 | % |

Finance costs were $4.05
million during the three months ended December 31, 2024, as compared to $8.39 million during the three months ended December 31, 2023,
a decrease of $4.34 million, or 52%. This decrease is due to Non-cash expenses related to change in fair valuation of preferred stock
warrants amounting to $5.70 million recognized during three months ended December 31, 2023, which was converted into equity at the close
of deSPAC in the fiscal year ending March 31, 2024, one time discount on issuance of unsecured convertible note accounted as expenses
amounting to $0.63 million during December 31, 2023 and change in the fair value of unsecured convertible note (Atalaya note) was $0.24
million during three months ended December 31, 2024 as compared to $1.73 million during the three months ended December 31, 2023. This
decrease is partially offset by increase in the cost of issuance cost of November 2024 and December 2024 private placement offerings amounting
to $ 2.87 million respectively and $0.53 million in accrued interest on a redeemable promissory note during the three months ended December
31, 2024, compared to the three months ended December 31, 2023. Other borrowing cost has increased by $0.09 million during three months
ended December 31, 2024 as compared to the same period ending December 31, 2023.

Finance costs were $6.13
million during the nine months ended December 31, 2024, as compared to $13.63 million during the nine months ended December 31, 2023,
a decrease of $7.50 million,