Company: ZCARW
Filing Date: 2025-01-21
Form Type: DEF 14A
Source: 0001213900-25-005022
Chunk: 59

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-21
Form: DEF 14A
Chunk 59
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 | Series D  
 Shares(1) |           |     | Aggregate 
 Purchase  
 Price(2)  |           |
|:----------|:----|:----------|----------:|:----|:----------|----------:|
| Ford      |     |           | 1,899,978 |     | $         | 3,384,622 |
| Mahindra  |     |           | 1,903,234 |     | $         | 3,390,422 |
| Sequoia   |     |           |   922,105 |     | $         | 1,742,629 |
| OurCrowd  |     |           | 1,777,985 |     | $         | 3,247,001 |

| (1) | Shares issued to Mahindra & Mahindra Ltd. Consist of shares issuable in exchange for Series P2 Shares |

| (2) | Includes aggregate conversion price of the Series D Notes or OCDs. |

Series E Financing

In multiple closings during
March 2021, April 2021 and May 2021, Zoomcar sold an aggregate of 29,999,516 units, each consisting of one share Series E Preferred Stock
and a warrant to purchase one share of Common Stock, at a purchase price of $2.50 per unit, for an aggregate purchase price of $75.0 million.
Entities affiliated with OurCrowd purchased a total of 463,336 units for an aggregate purchase price of approximately $1.2 million.

Series E-1 Financing

In multiple closings during
August 2021, September 2021 and October 2021, Zoomcar sold an aggregate of 5,020,879 shares of Series E-1 Preferred Stock at a purchase
price of $3.50 per share, for an aggregate purchase price of $17.6 million. Entities affiliated with OurCrowd purchased a total of 80,662
shares for an aggregate purchase price of $282,317.

Convertible Note Financing

In multiple closings between
June 2019 and February 2020, Zoomcar sold convertible debt securities having an aggregate principal amount of $28.4 million, consisting
of $24.5 million of Convertible Promissory Notes issued to investors domiciled outside India and $3.9 million of OCDs issued to investors
domiciled in India, including Mahindra. The notes were convertible into equity securities