Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 57

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 57
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 $         | 3,384,622 |
| Mahindra  |     |           | 1,903,234 |     | $         | 3,390,422 |
| Sequoia   |     |           |   922,105 |     | $         | 1,742,629 |
| OurCrowd  |     |           | 1,777,985 |     | $         | 3,247,001 |

| (1) | Shares issued to Mahindra & Mahindra Ltd. Consist of shares issuable in exchange for Series P2 Shares |

| (2) | Includes aggregate conversion price of the Series D Notes or OCDs. |

Series E Financing

In multiple closings during
March 2021, April 2021 and May 2021, Zoomcar sold an aggregate of 29,999,516 units, each consisting of one share Series E Preferred Stock
and a warrant to purchase one share of Common Stock, at a purchase price of $2.50 per unit, for an aggregate purchase price of $75.0 million.
Entities affiliated with OurCrowd purchased a total of 463,336 units for an aggregate purchase price of approximately $1.2 million.

Series E-1 Financing

In multiple closings during
August 2021, September 2021 and October 2021, Zoomcar sold an aggregate of 5,020,879 shares of Series E-1 Preferred Stock at a purchase
price of $3.50 per share, for an aggregate purchase price of $17.6 million. Entities affiliated with OurCrowd purchased a total of 80,662
shares for an aggregate purchase price of $282,317.

Convertible Note Financing

In multiple closings between
June 2019 and February 2020, Zoomcar sold convertible debt securities having an aggregate principal amount of $28.4 million, consisting
of $24.5 million of Convertible Promissory Notes issued to investors domiciled outside India and $3.9 million of OCDs issued to investors
domiciled in India, including Mahindra. The notes were convertible into equity securities of Zoomcar, and the OCDs were convertible into
equity securities of Zoomcar India, which, in turn, would be exchangeable for equity securities of Zoomcar subject to the approval of
the RBI. The Convertible Promissory Notes and the OCDs bore interest at the rate of 18%