Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 294

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 294
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     |   |         Nine 
 months ended 
 December 31, 
         2024 |     |   |      2023 |
|:-------------------------|:----|:-------------|----------:|:----|:--|----------:|:----|:--|-------------:|:----|:--|----------:|
| India                    |     | $            | 2,449,323 |     | $ | 2,391,332 |     | $ |    6,920,079 |     | $ | 7,615,314 |
| Egypt                    |     |              |         - |     |   |    27,868 |     |   |       13,225 |     |   |    78,259 |
| Vietnam                  |     |              |         - |     |   |         - |     |   |            - |     |   |    17,873 |
| Indonesia                |     |              |        45 |     |   |     2,238 |     |   |        3,946 |     |   |     5,618 |
|                          |     | $            | 2,449,368 |     | $ | 2,421,438 |     | $ |    6,937,250 |     | $ | 7,717,064 |

Contract balances

The Company’s contract liabilities for consideration collected prior to satisfying the performance obligations is $ 689,018and $ 716,091as at December 31, 2024 and March 31, 2024 respectively. The Company has collected $ 659,650as advance from customers during the nine months ended December 31, 2024.

The Company offers loyalty program, Z-Points, that results in the deferral of revenue equivalent to the retail value at the date the points are earned. The Company had accumulated deferred revenue amounting to $ 29,369and $ 96,710as at December 31, 2024 and March 31, 2024, respectively in relation to Loyalty program.

Revenue recognized during the three months and nine months ended December 31, 2024 which was included in contract liabilities balance at the beginning of the respective period amounts to $( 13,488) and $ 256,341respectively ($ NILand $ 360,686recognized during the three months and nine months ended December 31, 2023 respectively).

F