Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 297

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 297
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 as financing activities in the Condensed Consolidated Statement of Cash Flows. Further, the Company has reported the (gain)/loss
on fair value change of these derivative financial instruments under non cash adjustments to the cash flow from operating activities in
the Condensed Consolidated Statement of Cash Flows.

F- 36 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 23 | Revenue |

The components of revenue, net were as follows:

| (In USD)                 
 Revenue from services    |     | Three months ended 
 December 31,       
 2024               |           |     | 2023 |           |     | Nine months ended 
 December 31,      
 2024              |           |     | 2023 |           |
|:-------------------------|:----|:-------------------|----------:|:----|:-----|----------:|:----|:------------------|----------:|:----|:-----|----------:|
| Facilitation             
 revenue (net)            |     | $                  | 2,448,571 |     | $    | 2,421,438 |     | $                 | 6,894,511 |     | $    | 7,717,064 |
| Others                   |     |                    |       797 |     |      |         - |     |                   |       797 |     |      |         - |
| Other operating revenues |     |                    |         - |     |      |         - |     |                   |    41,942 |     |      |         - |
| Total                    |     | $                  | 2,449,368 |     | $    | 2,421,438 |     | $                 | 6,937,250 |     | $    | 7,717,064 |

| Revenue by geographical location |     | Three months ended 
 December 31,       |      2024 |     |   |      2023 |     |   | Nine months ended 
      December 31, 
              2024 |     |   |      2023 |
|:---------------------------------|:----|:-------------------|----------:|:----|:--|----------:|:----|:--|------------------:|:----|:--|----------:|
| India                            |     | $                  | 2,449,323 |