Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 374

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 374
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8,615,615 |
| Egypt                    |     |   |   114,680 |     |   |   110,092 |
| Vietnam                  |     |   |    17,756 |     |   |    98,945 |
| Indonesia                |     |   |     5,480 |     |   |     1,554 |
|                          |     |   | 9,897,233 |     |   | 8,826,206 |

Contract balances

The Company’s contract liabilities for consideration collected prior to satisfying the performance obligations is $ 640,173and $ 786,572as at March 31, 2024 and March 31, 2023 respectively. The Company has collected $ 177,590as advance from customers during the year ended March 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 $ 96,710and $ 260,705as at March 31, 2024 and March 31, 2023, respectively in relation to Loyalty program.

Revenue recognized during the year ended March 31, 2024 and March 31, 2023 respectively which was included in contract liabilities balance at the beginning of the period is $ 341,585and $ 77,226respectively.

(This space has been left intentionally blank) F- 96 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 26 | Finance 
 costs   |

The components of finance costs were as follows:

| (In USD)                           |     |   |      March 
        31, 
       2024 |     |   |      March 
        31, 
       2023 |
|:-----------------------------------|:----|:--|-----------:|:----|:--|-----------:|
| Finance costs -other than          
 related parties                    |     |   |            |     |   |            |
| Interest on vehicle                
 loans                              |     | $ |    392,933 |     | $ |    620,211 |
| Interest on finance leases         |     |   |    625,523 |     |   |    844,424 |
| Interest on subcontractor          
 liability                          |     |   |     93,869