Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 310

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 310
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772,885 |   |     | $           |           - |   |
| Shares issued to Atalaya Note holders                                                                                                                    |     |           |          - |   |     |       |          - |   |     |       |           - |   |     |                  |          - |   |     |             |           - |   |
| Change in fair value of unsecured convertible note                                                                                                       |     |           |          - |   |     |       |          - |   |     |       |           - |   |     |                  |    244,658 |   |     |             |           - |   |
| Issue of derivative financial instruments                                                                                                                |     |           |          - |   |     |       |          - |   |     |       |           - |   |     |                  |          - |   |     |             |  13,422,022 |   |
| Change in fair value of derivative financial instruments                                                                                                 |     |           |          - |   |     |       |          - |   |     |       |           - |   |     |                  |          - |   |     |             |  (5,471,519 | ) |
| Balance as of December 31, 2024                                                                                                                          |     | $         |          - |   |     | $     |          - |   |     | $     |           - |   |     | $                |  7,017,543 |   |     | $           |   7,950,503 |   |

During the three months and nine months ended December 31,
2024 and December 31, 2023, there were no non-recurring fair value measure of assets or liabilities subsequent to initial recognition.

F-49 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 32 | Commitments and contingencies |

Contingencies

(A) Claims filed by customers
and third-parties not acknowledged as liability amounted to $ and $ as at December 31, 2024 and March 31, 2024, respectively.
The claims made by the customers against the Company includes claims that have been made for amounts charged to customers by the Company
as damages for improper use of vehicles and/or physical damages made to vehicles during an active trip ; or claims made by customers for
unavailability of the booked vehicle or for