Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 294

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 294
---
 consult their own tax advisors regarding the effect,
if any, of these rules on the ownership and disposition of Company common shares and Series A Warrants.

THE DISCUSSION ABOVE DOES
NOT COVER SPECIFIC TAX MATTERS THAT MAY BE OF IMPORTANCE OR APPLICABLE TO A PARTICULAR U.S. HOLDER. THE TAX CONSEQUENCES OF THE ACQUISITION,
HOLDING AND DISPOSING OF COMPANYCOMMON SHARES, PRE-FUNDED WARRANTS AND/OR SERIES A WARRANTS
WILL DEPEND ON A U.S. HOLDER’S SPECIFIC SITUATION AND CIRCUMSTANCES. EACH U.S. HOLDER IS URGED TO CONSULT ITS OWN TAX ADVISOR ABOUT
THE TAX CONSEQUENCES TO IT OF ACQUIRING, HOLDING AND DISPOSING OF COMPANY COMMON SHARES,
PRE-FUNDED WARRANTS AND/OR SERIES A WARRANTS IN LIGHT OF THE U.S. HOLDER’S OWN CIRCUMSTANCES, AS WELL AS THE APPLICABILITY AND EFFECT
OF ANY U.S. FEDERAL, STATE, LOCAL, FOREIGN OR OTHER TAX LAWS.

<div align='center'>169</div>

<div align='center'>LEGAL MATTERS</div>

Ellenoff Grossman & Schole
LLP has passed upon the validity of the securities of Zoomcar Holdings, Inc. offered by this prospectus and certain other legal matters
related to this prospectus. The underwriter is being represented by Kaufman & Canoles, P.C.

<div align='center'>Where You Can Find More Information</div>

We have filed with the SEC
a registration statement on Form S-1 under the Securities Act with respect to the securities offered by this prospectus. This prospectus,
which forms a part of such registration statement, does not contain all of the information included in the registration statement. For
further information pertaining to us and our securities, you should refer to the registration statement and to its exhibits. The registration
statement has been filed electronically and may be obtained in any manner listed below. Whenever we make reference in this prospectus
to any of our contracts, agreements or other documents, the references are not necessarily complete. If a contract or document has been
filed as an exhibit to the registration statement or a report we file under the Exchange Act, you should refer to the copy of the contract
or document that has been filed. Each statement in this prospectus relating to a contract or document filed as an exhibit to a registration
statement or report is qualified in all