Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 373

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 373
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 |   |     |         |         |     |         |            |
|:---------------------|:----|:---------------|-----------:|:----|:--------|:--|:----|:--------|--------:|:----|:--------|-----------:|
|                      |     | Total          
 Carrying value |            |     | Level 1 |   |     | Level 2 |         |     | Level 3 |            |
| Assets:              |     |                |            |     |         |   |     |         |         |     |         |            |
| Assets               
 held for sale        |     | $              |    923,176 |     | $       | - |     | $       | 923,176 |     | $       |          - |
| Liabilities:         |     |                |            |     |         |   |     |         |         |     |         |            |
| Preferred stock      
 warrant liability    |     | $              |  1,190,691 |     | $       | - |     | $       |       - |     | $       |  1,190,691 |
| Notes                |     |                | 10,944,727 |     |         | - |     |         |       - |     |         | 10,944,727 |
| SSCPN                |     |                | 17,422,132 |     |         | - |     |         |       - |     |         | 17,422,132 |
| Derivative financial 
 instrument           |     |                | 14,373,856 |     |         | - |     |         |       - |     |         | 14,373,856 |

F-106 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 34 | Financial Instruments - Fair   
 Value Measurements (Continued) |

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 March 31, 2024 consist of Company’s Atalaya Note and as of March 31, 2023 consist of Company’s Notes, SSCPN, preferred stock warrant