Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 3198

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 8
Chunk 3198
---
, 11,008,310
Series A warrants exercisable at $6.24 and 2,250,996 Series B warrants exercisable at $0.002 remained outstanding. A total of 56,074 shares
were issued upon Series A warrant exercises and 1,443,272 shares upon Series B warrant exercises. The Company recognized a gain of $9,035,085
from the change in fair value of these derivative instruments in the Consolidated Statements of Operations.         As of March 31, 2025, the Company has 1,909,833 number of restricted
shares and 552,585 number of unrestricted shares. 

F-35

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

24Revenue

The components of revenue, net were as follows:

    (In USD) 
    March 31, 2025  
    March 31, 2024 
  
    Revenue from services 

    Facilitation revenue (net) 
    $9,024,576  
    $9,836,434 

    Other operating revenues 
     81,315  
     60,799 
  
    Total 
    $9,105,891  
    $9,897,233 

    Revenue by geographical location 
     March
                                            31,
 2025  
     March
                                            31,
 2024 
  
    India 
    $9,088,885  
    $9,759,318 
  
    Egypt 
     13,094  
     114,680 
  
    Vietnam 
     -  
     17,755 
  
    Indonesia 
     3,912  
     5,480 

    $9,105,891  
    $9,897,233 

Contract balances

The Company’s contract liabilities
for consideration collected prior to satisfying the performance obligations against scheduled trips is $450,355 and $619,381 as at March
31, 2025 and March 31, 2024 respectively.

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 $21,365 and $96,710 as at March 31, 2025 and March 31, 2024