Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 116

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 116
---
 | % |     | $    |                      2,385,988 |     | $    | 3,507,839 |     | $      | (1,121,851 | ) |     |        | -32 | % |

Technology and development expenses totaled $0.75 million during the three months ended December 31, 2024, as compared to $1.26 million during the three months ended December 31, 2023, a decrease of $0.51 million, or 41%. This decrease was driven by employee benefit costs reductions of $0.52 million. Technology and development expenses totaled $2.39 million during the nine months ended December 31, 2024, as compared to $3.51 million during the nine months ended December 31, 2023, a decrease of $1.12 million, or 32%. This decrease was driven by employee benefit costs reductions of $0.89 million, and a further reduction of $0.23 million in IT platforms support costs as the Company continues to optimize usage of cloud-based IT services while enabling more in-app features for Guests and Hosts. 64 Sales and Marketing

|                     |     | 2024 | Three months ended December 31, |     | 2023 |         |     | Change |          |   |     | %      
 Change |     |   |     | 2024 | Nine months ended December 31, |     | 2023 |           |     | Change |            |   |     | %      
 Change |     |   |
|:--------------------|:----|:-----|--------------------------------:|:----|:-----|--------:|:----|:-------|:---------|:--|:----|:-------|----:|:--|:----|:-----|-------------------------------:|:----|:-----|----------:|:----|:-------|:-----------|:--|:----|:-------|----:|:--|
| Sales and marketing |     | $    |                         191,090 |     | $    | 962,652 |     | $      | (771,562 | ) |     |        | -80 | % |     | $    |                      1,208,431 |     | $    | 4,822,646 |     | $      | (3,614,215 | ) |     |        | -75 | % |

Sales and marketing