Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 285

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 285
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60 days from date of default.

F- 27 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 13 | Investments |

The components of investments were as follows:

|                                         | (In USD) 
 As at    |   | December 31, 
         2024 |     |   | March 31, 
      2024 |
|:----------------------------------------|:---------|:--|-------------:|:----|:--|----------:|
| Long term investments                   |          |   |              |     |   |           |
| Investments in certificate of deposits* |          | $ |       25,295 |     | $ |    91,947 |
|                                         |          | $ |       25,295 |     | $ |    91,947 |

| * | Investments includes certificate of deposits and interest 
 accrued on the same.                                      |

| 14 | Other              
 non-current assets |

The components of other non-current assets were as follows:

|                           | (In USD) 
 As at    |   | December 31, 
         2024 |     |   | March 31, 
      2024 |
|:--------------------------|:---------|:--|-------------:|:----|:--|----------:|
| Security deposits         |          | $ |      354,993 |     | $ |   350,149 |
| Restricted cash*          |          |   |      200,000 |     |   |         - |
| Receivables from car sale |          |   |      446,619 |     |   |   458,590 |
| Other non-current assets  |          | $ |    1,001,612 |     | $ |   808,739 |

| * | Restricted cash represents amount held as an indemnification                                                                            
 escrow fund with the placement agent for all indemnification liabilities and expenses payable by the Company as per the placement agent 
 agreement for a period of 3 years from closing of the November 2024 Offering.                                                           |

| 15 | Accounts 
 Payable  |

The components of accounts payable were as follows:

|                                          | (In USD) 
 As at    |   | December 31, 
         2024 |     |   |  March 31, 
       2024 |
|:-----------------------------------------|:---------|: