Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 112

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 112
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 Indonesia, and Vietnam there was a savings of $0.16 million during the nine months ended in December 31, 2024, as compared to nine months ended December 31, 2023 under other expenses.. 61 We further achieved savings of $0.29 million for software support and maintenance charges due to optimization of cloud cost and google maps services which were comparatively higher during the nine months ending December 31, 2023, owing to the higher spending on brand marketing which brought more customers on the platform, increased searches without any material impact on booking. Further, there were cost savings of $0.40 million on account of depreciation on tracking devices during the nine months ended December 31, 2024, as compared to nine months ended December 31, 2023, since these devices were completely depreciated in the previous Fiscal year ending March 31, 2024. Technology and Development

|                 |     | 2024 |                     Three 
 months ended December 31, |     | 2023 |           |     | Change |          |   |     | %      
 Change |     |   |     | 2024 |                      Nine 
 months ended December 31, |     | 2023 |           |     | Change |            |   |     | %      
 Change |     |   |
|:----------------|:----|:-----|--------------------------:|:----|:-----|----------:|:----|:-------|:---------|:--|:----|:-------|----:|:--|:----|:-----|--------------------------:|:----|:-----|----------:|:----|:-------|:-----------|:--|:----|:-------|----:|:--|
| Technology      
 and development |     | $    |                   749,287 |     | $    | 1,261,101 |     | $      | (511,814 | ) |     |        | -41 | % |     | $    |                 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