Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 299

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 299
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 5, 2024, the Company entered into a securities purchase agreement in connection with a private placement offering  pursuant       
 to which the Company raised gross proceeds of $9.15 million. After the deduction of fees, expenses payable to the Placement Agent 
 and other offering expenses, including legal fees payable to the Company’s and Placement Agent’s counsel, the net proceeds        
 to the Company was $7.625 million. Proceeds were also used to repay $3.804 million of outstanding indebtedness to debt investors  
 pursuant to an offering in June 2024. After all of such deductions the Company retained net proceeds of $3.621 million.           |

<div align='center'>F-7

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</div>

| b. | On December                                                                                                                       
 23, 2024, the Company entered into a securities purchase agreement in connection with a private placement offering  pursuant      
 to which the Company raised gross proceeds of $5.48 million and after the deduction of fees and expenses payable to the Placement 
 Agent and other offering expenses, including legal fees payable to the Company’s and Placement Agent’s counsel, the net           
 proceeds to the Company was approximately $4.79 million.                                                                          |

| c. | On                                                                                              
 January 31, 2025, the Company entered into a securities purchase agreement, in connection       
 with the second closing of the Offering (the “Second Closing”) pursuant to a                    
 Confidential Private Placement Memorandum, dated December 3, 2024. The Securities were offered  
 at a for an aggregate amount of $3 million; provided, however, that the Company did not receive 
 any cash proceeds with respect to Securities with a subscription price of $1.56 million of      
 such amount, as those Securities were issued in consideration for the settlement of litigation  
 with a claimant. The Company received balance net proceeds of approximately $1.25 million       
 after the deduction of fees and expenses payable to the Placement Agent and other offering      
 expenses, including legal fees payable to the Company’s and Placement Agent’s                   
 counsel.                                                                                        |

<div align='center'>F-8

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</div>

While these financing arrangements resulted in the payment of certain outstanding indebtedness, the Company will still need to raise additional capital imminently in order