Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 256

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 256
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 |              |           - |   |     |              |   4,804,482 |   |
| Warrants issued on completion of Merger                                                                             |     |              |           - |   |     |              |   7,538,708 |   |
| Issue of common stock upon conversion of Unsecured Convertible Note                                                 |     |              |   2,324,695 |   |     |              |           - |   |
| Issue of warrants to redeemable promissory note holders                                                             |     |              |   2,047,925 |   |     |              |           - |   |
| Issue of common stock upon exercise of warrants issued with redeemable promissory notes                             |     |              |           5 |   |     |              |           - |   |
| Issue of common stock upon conversion of unsecured promissory note                                                  |     |              |   2,027,840 |   |     |              |           - |   |
| Warrants issued to placement agents towards issue of redeemable promissory notes                                    |     |              |     418,157 |   |     |              |           - |   |
| Warrants issued to placement agents                                                                                 |     |              |   1,257,449 |   |     |              |           - |   |
| Acquisition of assets held for sale by incurring a liability                                                        |     |              |     238,349 |   |     |              |             |   |

The accompanying notes are an integral part of these Condensed Consolidated Statements of Cash Flows F-6 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

| 1. | Organization, Business operation and Going concern |

Zoomcar Holdings, Inc. (formerly “Innovative International Acquisition Corp”)a Delaware corporation provides mobility solutions to consumers and businesses.
The accompanying Condensed Consolidated Financial Statements include the accounts and transactions of Zoomcar Holdings, Inc. and its subsidiaries
(collectively, the “Company” or “the combined entity” or “Zoomcar”). The Company operates its facilitation
services under the Zoomcar brand with its operations in India.

Going concern

The accompanying Condensed Consolidated
Financial Statements have been prepared in accordance with U.S. GAAP and the rules and regulations of the SEC. The Condensed Consolidated
Financial Statements have been prepared using U.S. GAAP applicable to a going