Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 41

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 and the outstanding Series A and Series B warrants were reclassified to equity at their respective reclassification
date fair values. Warrants exercised before reclassification were reclassified at their exercise date fair value, while those exercised
after were adjusted through additional paid-in capital.

As of June 30, 2025, 1,103,832 Series A warrants exercisable at $16.12,
2,599,765 Series A warrants exercisable at $6.24 and 864,456 Series B warrants exercisable at $0.002 remains outstanding. During the three
months ended June 30, 2025, 4,626,608 shares were issued on exercise of Series A warrants and 1,386,189 shares on exercise of Series B
warrants. The Company recognized no gain during the three months ended June 30, 2025 and June 30, 2024 from the change in fair value of
these derivative instruments in the Condensed Consolidated Statements of Operations.

As of June 30, 2025, the Company has issued 1,874,559 Pre-Funded warrants
in lieu of liquidation damages payable to some investors. Out of these, 26,382 Pre- Funded warrants has been exercised during the period.

Further, the Company has issued 2,400,310 Pre-Funded warrants in exchange
of common stock cancelled during the period.

As of June 30, 2025, the Company has 4,601,218 number of restricted
shares (1,909,833 as on March 31,2025) and 1,683,273 number of unrestricted shares (552,585 as on March 31,2025).

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31

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

19Revenue

The components of revenue, net were
as follows:

    (In USD) 
    June
    30,
    2025  
    June
    30,
    2024 
  
    Revenue from services 

    Facilitation revenue (net) 
    $2,300,324  
    $2,206,402 

    Other
    operating revenues 
     12,429  
     34,583 
  
    Total 
    $2,312,753  
    $2,240,985 

    Revenue by geographical