Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 217

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 217
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 the same period in 2024. The increase in cash generated during three months ended on June 30, 2024,
is largely attributable to receipt of proceeds from maturity of investment in fixed deposits and proceeds from sale of assets held for
sale.

Financing Activities

Net cash (used in)/generated
from financing activities totaled $(0.83) million and $1.56 million during the three months ended on June 30, 2025, and June 30, 2024,
respectively. The Company received proceeds from the issuance of bridge note amounting to $0.31 million, further the payments include
repayment of debt $0.21 million and payment towards finance lease amounting to $0.92 million during the three months ended June 30, 2025
as compared to higher  proceeds from the issuance of redeemable promissory note amounting to $3.00 million, further there are cash
outflows towards redeemable promissory note issue expenses amounting to $0.49 million and repayment of Debt amounting to $0.95 million
during the three months ended June 30, 2024. As the Company’s cash position decreased, critical payments and debt repayments were
not being made in the ordinary course of business.

Contractual Obligations and Commitments

Contractual obligations are
cash amounts that we are obligated to pay as part of certain contracts that we have entered into during the normal course of business.

Below is a table that shows our contractual lease obligations as of
June 30, 2025:

    June 30, 2025 
  
    Maturities of lease liabilities are as follows: 
    Operating
 Leases  
    Finance
 Leases 
  
    2025 

    2026 
    $251,986  
    $2,595,396 
  
    2027 
     352,315  
     913,347 
  
    2028 
     369,465  
     - 
  
    2029 
     387,474  
     - 
  
    2030 
     -  
     - 
  
    Total Lease Payments 
    $1,361,240  
    $3,508,743 
  
    Less: Imputed Interest 
     295,842  
     474,578 
  
    Total Lease Liabilities 
    $1