Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 297

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 297
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 |     |            |           - |   |     |             |   (7,922,063 | ) |     |               |         - |   |     |           |   (7,922,063 | ) |
| Foreign                                                                                                                                 
 currency translation adjustment, (net of taxes amounts to $NIL)                                                                         |     |                 |           - |   |     |           |           - |   |     |         |            - |   |     |          |          - |   |     |                |           - |   |     |         |      - |   |     |            |           - |   |     |             |            - |   |     |               |   373,803 |   |     |           |      373,803 |   |
| Balance                                                                                                                                 
 as at December 31, 2024                                                                                                                 |     |                 |           - |   |     |           |           - |   |     |         |            - |   |     |          |          - |   |     |                |   6,771,662 |   |     |         |    677 |   |     |            | 280,779,361 |   |     |             | (321,357,118 | ) |     |               | 2,154,326 |   |     |           |  (38,422,754 | ) |

| * | Both                                                                                           
 the number of stock outstanding and their par value have been retroactively recast for all     
 prior periods presented to reflect the par value of the outstanding stock of Zoomcar Holdings, 
 Inc. as a result of the successful Reverse Recapitalization.                                   |

| *** | 125,121                                                                            
 (12,512,080 prior to Reverse Stock Split) shares were issued against Atalaya Note. |

The accompanying notes are an integral part of these Condensed Consolidated Statements of Stockholders’ Deficit

<div align='center'>F-5

ZOOMCAR HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)</div>

| Nine months                                                                                                
 ended                                                                                                      |     | December 31, 
 2024         |             |   |     | December 31, 
 2023         |             |   |
|:-----------------------------------------------------------------------------------------------------------|:----|:-------------|------------:|:--|:----|:-------------|------------:|:--|
| A. Cash