Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2104

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 7
Chunk 2104
---
:

    March 31, 2025 

    Total Carrying value  
    Level 1  
    Level 2  
    Level 3 
  
    Assets: 

    Assets held for sale 
    $267,293  
    $     -  
    $267,293  
    $- 
  
    Liabilities: 

    Atalaya Note 
    $6,002,269  
    $-  
    $-  
    $6,002,269 

F-48

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

33Financial
Instruments - Fair Value Measurements (Continued)

    March 31, 2024 

    Total Carrying value  
    Level 1  
    Level 2  
    Level 3 
  
    Assets: 

    Assets held for sale 
    $629,908  
    $    -  
    $629,908  
    $- 
  
    Liabilities: 

    Atalaya Note 
    $10,067,601  
    $-  
    $-  
    $10,067,601 

Level 2: The fair value of Assets held
for sale not traded in an active market is determined using the quoted prices in markets that are not active or inputs other than the
quoted prices that are observable either directly or indirectly considering all the relevant factors of assets.

Atalaya Note

On March 28, 2025, a court order was
received for settlement of the Atalaya note. As of March 31, 2025, the Company’s fair value measurement of its Atalaya note reflects
the carrying amount, as the obligation is immediately payable and no market premium or discount is applicable. This measurement is classified
as Level 3 in the fair value hierarchy, with no valuation adjustments made due to the immediacy of settlement.

For March 31, 2024, the Company measures
its notes at fair value based on significant inputs not observable in the market, which caused them to be classified as Level 3 measurements
within the fair value hierarchy. Changes in the fair value of unsecured convertible note related to updated assumptions and estimates
were recognized as change in fair value of Atalaya Note within the Consolidated Statements of Operations and Comprehensive Loss.

The Company used the following assumptions
for the valuation