Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 223

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 223
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 the OCDs were convertible into equity securities of Zoomcar India, which, in turn, would be exchangeable for equity securities of Zoomcar subject to the approval of the RBI. The Convertible Promissory Notes and the OCDs bore interest at the rate of 18% per annum. In December 2020, the outstanding principal and accrued interest under the Convertible Promissory Notes and the OCDs were converted to 16,732,152 Series D Shares and 149,986 Series P2 Shares, respectively, in connection with the financing described above under “- Series D Financing.” The following table summarizes purchases of these securities by related persons:

| Purchaser                            |     | Purchase 
 Date     |     | Purchase 
 Amount   |           |
|:-------------------------------------|:----|:---------|:----|:---------|----------:|
| Ford Next LLC                        |     | 6/26/19  |     | $        | 1,680,022 |
| Ford Next LLC                        |     | 8/29/19  |     | $        | 1,000,000 |
| Sequoia Capital India Investments IV |     | 8/30/19  |     | $        | 1,000,000 |
| Entities affiliated with OurCrowd    |     | 10/17/19 |     | $        | 2,327,398 |
| Mahindra & Mahindra Ltd.             |     | 6/19/19  |     | $        | 1,680,022 |
| Mahindra & Mahindra Ltd.             |     | 8/29/19  |     | $        | 1,000,000 |

141 Investors’ Rights Agreement On August 17, 2021, Zoomcar entered into a Seventh Amended and Restated Investor’s Rights Agreement with the holders of its Preferred Stock, including CEO Gregory Moran, director Graham Gullans, entities affiliated with Mr. Gullans, Ford, Sequoia and OurCrowd, and with and the holders of Series P1 Preferred Stock and Series P2 Preferred Stock of Zoomcar India (“Zoomcar India Shares”), including Mahindra. The agreement provides these holders with registration rights and certain of these holders with information rights and preemptive rights with regard to certain issuances of Zoomcar capital stock, none of which rights applied to the Business Combination. All of the rights set forth in this agreement terminated upon the