Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 303

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 303
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 Atalaya Note                     |     | $              | 7,017,543 |     | $       | - |     | $       |       - |     | $       | 7,017,543 |
| Derivative financial instruments |     | $              | 7,950,503 |     | $       | - |     | $       |       - |     | $       | 7,950,503 |

|                      |     | March 31,      
 2024           |            |     |         |   |     |         |         |     |         |            |
|:---------------------|:----|:---------------|-----------:|:----|:--------|:--|:----|:--------|--------:|:----|:--------|-----------:|
|                      |     | Total          
 Carrying value |            |     | Level 1 |   |     | Level 2 |         |     | Level 3 |            |
| Assets:              |     |                |            |     |         |   |     |         |         |     |         |            |
| Assets held for sale |     | $              |    629,908 |     | $       | - |     | $       | 629,908 |     | $       |          - |
| Liabilities:         |     |                |            |     |         |   |     |         |         |     |         |            |
| Atalaya Note         |     | $              | 10,067,601 |     | $       | - |     | $       |       - |     | $       | 10,067,601 |

Level 2: The fair value of Assets held for sale not traded in an active market is determined using the quoted prices in markets that are not active or inputs other than the quoted prices that are observable either directly or indirectly considering all the relevant factors of assets.

The Company’s recurring Level 3 financial instruments within the Company’s fair value hierarchy as of December 31, 2024 and March 31, 2024 consist of the Company’s Atalaya Note and derivative financial instruments.

F-48 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 31 | Financial Instruments - Fair Value Measurements 
 (Continued)                                     |

Atalaya Note

The Company measures its notes at fair value based on significant