Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 115

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 115
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General and administrative expenses were $3.25 million during the three months ended December 31, 2024, as compared to $9.78 million during the three months ended December 31, 2023, a reduction of $6.54 million, or 67%. Professional fees reduced by $5.34 million driven by elimination of SPAC related expenses during the three months ending December 31, 2024, as compared to the previous comparable period. Employee benefit expenses, repairs and maintenance expenses reduced by $ 1.38 and $0.24 million respectively , this reduction is offset by increase In rates and taxes and rent by $ 0.18 and $0.29 million. General and administrative expenses were $7.30 million during the nine months ended December 31, 2024, as compared to $14.42 million during the nine months ended December 31, 2023, a reduction of $7.12 million, or 49%. Professional fees reduced by $5.67 million driven by elimination of SPAC related expenses during the nine months ending December 31, 2024, as compared to the previous comparable period. Employee Benefit expenses reduced by $1.44 during the nine months ending December 31, 2024, as compared to the nine months ending December 31, 2023, due to reductions in headcount. Finance Costs

|                          |     | 2024 |                     Three 
 months ended December 31, |     | 2023 |           |     | Change |            |   |     | %      
 Change |      |   |     | 2024 |                      Nine 
 months ended December 31, |     | 2023 |            |     | Change |            |   |     | %      
 Change |      |   |
|:-------------------------|:----|:-----|--------------------------:|:----|:-----|----------:|:----|:-------|:-----------|:--|:----|:-------|-----:|:--|:----|:-----|--------------------------:|:----|:-----|-----------:|:----|:-------|:-----------|:--|:----|:-------|-----:|:--|
| Finance                  
 costs                    |     | $    |                 4,050,856 |     | $    | 8,392,470 |     | $      | (4,341,613 | ) |     |        |