Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 290

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 290
---
 net 
    $-  
    $3,012 
  
    Long term Investments 
    $4,003  
    $4,112 
  
    Receivable from government authorities - non-current 
    $3,940  
    $18,126 

    Liabilities 

    Accounts payable 
    $382,947  
    $374,692 
  
    Contract Liabilities 
    $-  
    $3,755 
  
    Current portion of pension and other employee obligations 
    $78  
    $986 
  
    Other current liabilities 
    $141,756  
    $148,950 
  
    Pension and other employee obligations, less current portion 
    $-  
    $1,189 

45

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS (UNAUDITED)

Total investment in the VIEs is as follows:

  Name of the VIE entity   Place of incorporation   Nature of investment   Investor entity   Zoomcar Egypt Car Rental LLC***   Egypt   Debt   Zoomcar Netherlands Holding B.V    Zoomcar Egypt Car Rental LLC***   Egypt   Debt   Zoomcar Inc.   Fleet Mobility Philippines Corporation*   Philippines   Debt   Zoomcar Inc.   Zoomcar Vietnam Mobility LLC**   Vietnam   Debt   Fleet Holding Pte Ltd    Zoomcar Vietnam Mobility LLC**   Vietnam   Debt   Zoomcar Inc.   Zoomcar Vietnam Mobility LLC**   Vietnam   Equity   Fleet Holding Pte Ltd   

These amounts have been eliminated during the process of consolidation

*In May 2022, Company had initiated the process of winding-up for
Fleet Mobility Philippines Corporation. The assets consolidated for the VIE are not material.

**In August 2023, Zoomcar Vietnam Mobility LLC has filed for bankruptcy
with the local authorities. In accordance with ASC 810-10-15-10, the Company consolidates the VIE as the bankruptcy application is pending
with the authorities in Vietnam and unless the application is admitted, the Company holds a variable interest and still is the primary
beneficiary. The assets/liabilities consolidated for the VIE are not material.

***On June 3, 2024, Zoomcar Egypt Car Rental LLC has closed down
its operations due to decrease in operations and rising economic difficulties. The assets consolidated for the VIE are not material.
Additionally, On December 15 , 2024, Zoomcar Egypt