Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 252

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 252
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 beneficial ownership of a security if he, she or it possesses
sole or shared voting or investment power over that security, including options and warrants that are currently exercisable or exercisable
within 60 days. Except as described in the footnotes below and subject to applicable community property laws and similar laws, we believe
that each person listed above has sole voting and investment power with respect to such shares. The beneficial ownership of shares of
Company Common Stock is based on an aggregate of [ ] shares of Common Stock issued and outstanding;
as of March 25, 2025; provided, that, the information below excludes the shares of Common Stock reserved for future awards under the Incentive
Plan and gives effect to the Reverse Stock Splits.

Unless otherwise indicated,
the business address of each of the entities, directors and executives in this table is Anjaneya Techno Park, No.147, 1st Floor, Kodihalli,
Bangalore, India 560008. Unless otherwise indicated and subject to community property laws and similar laws, the Company believes that
all parties named in the table below have sole voting and investment power with respect to all shares of common stock beneficially owned
by them.

<div align='center'>Beneficial Ownership Table</div>

| Name and Address of Beneficial Owners(1)                        |     | Number of 
 Shares of 
 Common    
 Stock**   |     | Percentage 
 Ownership  
 After the  
 Offering   |
| Directors and Executive Officers                                |     |           |     |            |
| Hiroshi Nishijima                                               |     |           |     |            |
| Sachin Gupta                                                    |     |           |     |            |
| Shachi Singh                                                    |     |           |     |            |
| Mohan Ananda                                                    |     |           |     |            |
| Madan Menon                                                     |     |           |     |            |
| Evelyn D’An                                                     |     |           |     |            |
| Swatick Majumdar                                                |     |           |     |            |
| John Clarke                                                     |     |           |     |            |
| All directors and executive officers as a group (8 individuals) |     |           |     |            |

<div align='center'>146

DILUTION</div>

If you invest in our common
shares in this offering, your ownership interest will be diluted immediately to the extent of the difference between the public offering
price per common share and the pro forma, as adjusted net tangible book value per