Zoomcar (ZCAR) 10-Q14 Aug 242025 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Jun. 30, 2024	Jul. 31, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Entity Information [Line Items]
Entity Registrant Name	ZOOMCAR HOLDINGS, INC.
Entity Central Index Key	0001854275
Entity File Number	001-40964
Entity Tax Identification Number	99-0431609
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--03-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	Anjaneya Techno Park
Entity Address, Address Line Two	No.147
Entity Address, Address Line Three	1st Floor Kodihalli
Entity Address, City or Town	Bangalore
Entity Address, Country	IN
Entity Address, Postal Zip Code	560008
Entity Phone Fax Numbers [Line Items]
City Area Code	+91
Local Phone Number	80488 21871
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		75,697,961
Common Stock, par value $0.0001 per share
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	ZCAR
Security Exchange Name	NASDAQ
Warrants, each exercisable for one share of Common Stock at a price of $5.71, subject to adjustment
Entity Listings [Line Items]
Title of 12(b) Security	Warrants, each exercisable for one share of Common Stock at a price of $5.71, subject to adjustment
Trading Symbol	ZCARW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet (Unaudited) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Current assets:
Cash and cash equivalents (Refer Note 31- VIE)	$ 1,583,483	$ 1,496,144
Accounts receivable, net of allowance for doubtful accounts (Refer Note 31- VIE)	164,463	194,197
Balances with government authorities	503,982	427,702
Short term investments	17,288	298,495
Prepaid expenses (Refer Note 31- VIE)	980,290	1,445,336
Other current assets (Refer Note 31- VIE)	379,513	523,746
Other current assets with related parties		44,168
Assets held for sale	626,715	629,908
Total current assets	4,255,734	5,059,696
Property and equipment, net	1,367,067	1,558,980
Operating lease right-of-use assets	1,186,516	1,290,608
Intangible assets, net	9,615	18,393
Long term investments (Refer Note 31- VIE)	75,107	91,947
Balances with government authorities, (Refer Note 31- VIE)	3,914	18,126
Prepaid expenses (Refer Note 31- VIE)	309,116	326,109
Other non-current assets	817,491	808,739
Total assets	8,024,560	9,172,598
Current liabilities:
Accounts payable (Refer Note 31- VIE)	15,504,555	14,279,152
Current portion of operating lease liabilities	310,630	365,542
Current portion of finance lease liabilities	5,866,368	5,738,239
Current portion of pension and other employee obligations (Refer Note 31- VIE)	173,942	183,655
Redeemable Promissory note	189,180
Unsecured promissory note to related parties	2,027,840	2,027,840
Other current liabilities (Refer Note 31- VIE)	2,847,378	2,783,618
Total current liabilities	38,104,142	31,296,055
Operating lease liabilities, less current portion	961,766	1,009,681
Pension and other employee obligations, less current portion (Refer Note 31- VIE)	428,476	491,449
Unsecured Convertible Note		10,067,601
Total liabilities	39,494,384	42,864,786
Commitments and contingencies (Note 33)
Stockholders’ deficit:
Common stock, $0.0001 par value per share, 250,000,000 shares authorized as of June 30, 2024 and March 31, 2024; 75,697,961 shares and 63,185,881 shares issued and outstanding as of June 30, 2024 and March 31, 2024 respectively	7,570	6,319
Additional paid-in capital	276,846,529	272,057,002
Accumulated deficit	(310,083,080)	(307,551,501)
Accumulated other comprehensive income	1,759,157	1,795,992
Total stockholders’ deficit	(31,469,824)	(33,692,188)
Total liabilities and stockholders’ deficit	8,024,560	9,172,598
Related Party
Current liabilities:
Accounts payable towards related parties	152,435	152,435
Current portion of long-term debt	4,092,087	5,049,483
Current portion of operating lease liabilities	310,630	365,542
Current portion of finance lease liabilities	5,866,368	5,738,239
Contract Liabilities (Refer Note 31- VIE)	557,060	716,091
Current portion of pension and other employee obligations (Refer Note 31- VIE)	173,942	183,655
Redeemable Promissory note	189,180
Unsecured Convertible Note	6,382,667
Unsecured promissory note to related parties	2,027,840	2,027,840
Other current liabilities (Refer Note 31- VIE)	$ 2,847,378	$ 2,783,618

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheet (Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2024	Mar. 31, 2024
Statement of Financial Position [Abstract]
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	75,697,961	63,185,881
Common stock,Shares outstanding	75,697,961	63,185,881

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Revenue:
Revenue	$ 2,240,985	$ 2,614,618
Cost and Expenses
Cost of revenue	1,512,289	3,610,982
Technology and development	901,781	1,326,879
Sales and marketing	802,571	2,705,962
General and administrative	2,398,912	2,473,779
Total costs and expenses	5,615,553	10,117,602
Loss from operations before income tax	(3,374,568)	(7,502,984)
Finance costs	551,003	21,520,558
Finance costs to related parties		12,861
Other income, net	(1,393,992)	(251,219)
Other income from related parties		(4,050)
Loss before income taxes	(2,531,579)	(28,781,134)
Provision for income taxes
Net loss attributable to common stockholders	$ (2,531,579)	$ (28,781,134)
Net loss per share
Basic (in Dollars per share)	$ (0.04)	$ (59.61)
Diluted (in Dollars per share)	$ (0.04)	$ (59.61)
Weighted average shares used in computing loss per share:
Basic (in Shares)	68,512,629	482,814
Revenues from Services
Revenue:
Revenue	$ 2,206,402	$ 2,614,618
Other Revenues
Revenue:
Revenue	$ 34,583

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income/(Loss) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (2,531,579)	$ (28,781,134)
Other comprehensive income/(loss), net of tax:
Foreign currency translation adjustment	28,355	(44,777)
(Loss)/Gain for defined benefit plan	(63,511)	(74,078)
Reclassification adjustments:
Amortization of gains on defined benefit plan	(1,679)	(5,322)
Other comprehensive income/(loss) attributable to common stockholders	(36,835)	(124,177)
Comprehensive loss	$ (2,568,414)	$ (28,905,311)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders’ Deficit (Unaudited) - USD ($)		Redeemable Non- controlling Interest Previously Reported [Member]	Redeemable Non- controlling Interest	Mezzanine equity Preferred stock Previously Reported [Member]	Mezzanine equity Preferred stock	Common stock Previously Reported [Member]	Common stock	Additional paid- in capital Previously Reported [Member]	Additional paid- in capital	Accumulated Deficit Previously Reported [Member]	Accumulated Deficit	Accumulated other comprehensive income/(loss) Previously Reported [Member]	Accumulated other comprehensive income/(loss)	Previously Reported [Member]	Total
Balance at Mar. 31, 2023		$ 25,114,751	$ 25,114,751	$ 168,974,437	$ 168,974,437	$ 1,699	$ 48	$ 22,140,866	$ 22,142,517	$ (270,002,280)	$ (270,002,280)	$ 1,827,999	$ 1,827,999	$ (246,031,716)	$ (246,031,716)
Balance (in Shares) at Mar. 31, 2023				99,309,415	21,843,173	16,987,064	482,814
Retroactive application of Reverse Recapitalization (Note 3)	[1]					$ (1,651)		$ 1,651
Retroactive application of Reverse Recapitalization (Note 3) (in Shares)	[1]			(77,466,242)		(16,504,250)
Stock based compensation									444,212						444,212
Gain on employee benefit, (net of taxes amounts to $NIL)													(79,400)		(79,400)
Net loss											(28,781,134)				(28,781,134)
Foreign currency translation adjustment, (net of taxes amounts to $NIL)													(44,777)		(44,777)
Balance at Jun. 30, 2023			25,114,751		$ 168,974,437		$ 48		22,586,729		(298,783,414)		1,703,822		(274,492,815)
Balance (in Shares) at Jun. 30, 2023					21,843,173		482,814
Balance at Mar. 31, 2024							$ 6,319		272,057,002		(307,551,501)		1,795,992		(33,692,188)
Balance (in Shares) at Mar. 31, 2024							63,185,881
Stock based compensation
Issue of common stock against Atalaya note							$ 1,251		2,323,445						2,324,696
Issue of common stock against Atalaya note (in Shares)							12,512,080
Issue of common stock warrants along with redeemable promissory notes									2,047,925						2,047,925
Issue of common stock warrants to placement agents									418,157						418,157
Gain on employee benefit, (net of taxes amounts to $NIL)													(65,190)		(65,190)
Net loss											(2,531,579)				(2,531,579)
Foreign currency translation adjustment, (net of taxes amounts to $NIL)													28,355		28,355
Balance at Jun. 30, 2024							$ 7,570		$ 276,846,529		$ (310,083,080)		$ 1,759,157		$ (31,469,824)
Balance (in Shares) at Jun. 30, 2024							75,697,961

[1]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.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders’ Deficit (Unaudited) (Parentheticals) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Gain on employee benefit, net of taxes amounts
Foreign currency translation adjustment, net of taxes amounts

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended
Consolidated Statement of Cash Flows (Unaudited) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Statement of Cash Flows [Abstract]
Net loss	$ (2,531,579)	$ (28,781,134)
Adjustments to reconcile net loss to net cash used in operating activities :
Depreciation and amortization	113,327	255,481
Stock-based compensation		444,212
Change in fair value of preferred stock warrant		(245,143)
Change in fair value of convertible promissory note		420,022
Change in fair value of Senior Subordinated Convertible Promissory Notes		10,519,247
Change in fair value of derivative financial instrument		9,222,809
Note issue expenses		1,038,622
Interest on redeemable promissory note	146,762
Interest on finance leases	136,044
Other borrowing cost	6,372
Change in fair value of Unsecured Convertible Note	(1,360,238)
(Gain)/ loss on sale and disposal of assets, net	(2,431)	66,540
(Gain)/ loss on sale and disposal of assets held for sale, net	(2,324)	5,018
Assets written off	222,741
Amortization of operating lease right-of-use assets	1,474	8,428
Unrealized foreign currency exchange loss, net	424	1,109
Adjustments to reconcile net loss to net cash used in operating activities	(3,269,428)	(7,044,789)
Changes in operating assets and liabilities :
Decrease in Accounts receivable	28,791	24,720
(Increase) in balances with government authorities	(79,610)	(38,750)
Decrease in Prepaid expenses	473,333	579,245
Decrease in Other current assets	47,413	32,423
Increase/(Decrease) in Accounts payables	1,245,105	(1,878)
Increase/(Decrease) in Other current liabilities	70,938	(186,569)
(Decrease)/Increase in Pension and other employee obligations	(135,530)	118,706
(Decrease)/Increase in Contract liabilities	(157,424)	80,726
Net cash used in operating activities (A)	(1,776,412)	(6,436,166)
B. Cash flows from investing activities
Payment towards deposits accounts with maturity more than 12 months
Purchase of property, plant and equipment, including intangible assets and capital advances		(113,013)
Payment towards investments in fixed deposits		(123,663)
Proceeds from sale of property, plant and equipment	14,853
Proceeds from sale of asset held for sale	4,577	58,982
Proceeds from maturity of investments in fixed deposits	297,610	31,288
Net cash generated/(used) in investing activities (B)	317,040	(146,406)
C. Cash flows from financing activities
Proceeds from issue of Senior Subordinated Convertible Promissory Notes		8,655,330
Payment of notes issuance cost		(1,038,622)
Proceeds from issue of redeemable promissory notes	3,000,000
Payment of redeemable promissory note issue expenses	(491,500)
Repayment of debt	(947,173)	(362,164)
Principal payment of finance lease obligation		(243,758)
Net cash generated from financing activities (C)	1,561,327	7,010,786
Net increase in cash and cash equivalents (A+B+C)	101,955	428,214
Effect of foreign exchange on cash and cash equivalents.	(14,616)	(40,791)
Cash and cash equivalents
Beginning of period	1,496,144	3,686,741
End of period	1,583,483	4,074,164
Reconciliation of cash and cash equivalents to the Condensed Consolidated Balance Sheet
Cash and cash equivalents	1,583,483	4,074,164
Total cash and cash equivalents	1,583,483	4,074,164
Supplemental disclosures of cash flow information
Cash refund/(paid) for income taxes	120	(31,997)
Interest paid on debt	(8,471)	(112,629)
Supplemental disclosures of non-cash investing and financing activities:
Issue of common stock upon conversion of Unsecured Convertible Note	2,324,696
Issue of Warrants to redeemable promissory note holders	2,047,925
Issue of Warrants to placement agents	$ 418,157

Organization, Business Operatio

Organization, Business Operation and Going Concern	3 Months Ended
Organization, Business Operation and Going Concern	Jun. 30, 2024
Organization, Business Operation and Going Concern [Abstract]
Organization, Business operation and Going concern	1. Organization, Business operation and Going concern. Zoomcar Holdings, Inc. (formerly “Innovative International Acquisition Corp”) On December 28, 2023 (the “Closing Date”), pursuant to a Merger Agreement dated October 13, 2022 by and among Innovative International Acquisition Corp (“IOAC” or “SPAC”), Innovative International Merger Sub, Inc. and Zoomcar, Inc., the parties consummated the merger of Innovative International Merger Sub, Inc. with and into Zoomcar, Inc., with Zoomcar, Inc., continuing as the surviving corporation (the “Merger”), as well as the other transactions contemplated by the Merger Agreement (the Merger and such other transactions, the “Reverse Recapitalization”). In connection with the closing (the “Closing”) of the Reverse Recapitalization, Zoomcar, Inc. became a wholly owned subsidiary of IOAC and IOAC changed its name to Zoomcar Holdings, Inc., and all of Zoomcar, Inc. common stock, convertible preferred stock and convertible notes automatically converted into shares of the Company’s common stock having a par value of $0.0001 per share. The Company’s Common Stock and Warrants commenced trading on the Nasdaq Global Market (“Nasdaq”) under the symbols “ZCAR” and “ZCARW,” respectively, on December 28, 2023. Refer to Note 3 to these Condensed Consolidated Financial Statements for more information on the Reverse Recapitalization. Zoomcar, Inc., determined that it was the accounting acquirer in the Reverse Recapitalization based on an analysis of the criteria outlined in ASC 805, Business Combinations. The determination was primarily based on the following facts: ◾ Zoomcar, Inc’s shareholders, prior to the Reverse Recapitalization, have the largest voting interest in the post-combination Company; ◾ Zoomcar, Inc., prior to the Closing, appointed the majority of the Company’s Board of Directors (effective upon the Reverse Recapitalization, the Company’s Board consists of seven directors, including two directors designated by IOAC prior to the Closing and five directors designated by Zoomcar, Inc., prior to the Closing; four of the Company’s directors immediately after the Closing have been determined to be independent within the meaning of the independent director standards of the Securities and Exchange Commission and The Nasdaq Stock Market LLC); ◾ The executive officers of Zoomcar, Inc. became the initial executive officers of the Company after the Reverse Recapitalization; ◾ Zoomcar, Inc., is the larger entity, in terms of substantive operations and employee base; ◾ Zoomcar, Inc., will comprise the ongoing operations of the combined entity; and ◾ The combined entity will continue under the name of Zoomcar Holdings, Inc. Accordingly, for accounting purposes, the Reverse Recapitalization was treated as the equivalent of Zoomcar, Inc., issuing stock for the net assets of IOAC. The primary asset acquired from IOAC was cash that was assumed. Separately, the Company also assumed warrants that were reclassified to equity upon close of the Reverse Recapitalization. No goodwill or other intangible assets were recorded as a result of the Reverse Recapitalization. While IOAC was the legal acquirer in the Reverse Recapitalization, because Zoomcar, Inc., was deemed to be the accounting acquirer, the historical financial statements of Zoomcar, Inc., became the historical financial statements of the combined entity upon the consummation of the Reverse Recapitalization. As a result, the financial statements included in this report reflect (i) the historical operating results of Zoomcar, Inc., prior to the Reverse Recapitalization; (ii) the results of the combined entity following the Closing of the Reverse Recapitalization; (iii) sum of the assets and liabilities of both Zoomcar, Inc., and the SPAC at their historical cost; and (iv) the combined entity’s equity structure for all periods presented. The equity structure has been recast in all comparative periods up to the Closing date to reflect the number of shares of the Company’s Common Stock, $0.0001 par value per share, issued to Zoomcar, Inc. shareholders in connection with the Reverse Recapitalization. As such, the shares and corresponding capital amounts and income per share related to Zoomcar, Inc. Common Stock prior to the Reverse Recapitalization have been retroactively recast as shares reflecting the exchange ratio of 0.0284 established in the Reverse Recapitalization. Going concern The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with U.S. GAAP and the rules and regulations of the SEC. The Condensed Consolidated Financial Statements have been prepared using U.S. GAAP applicable to a going concern that contemplates the realization of assets and settlement of liabilities in the normal course of business. The Company incurred a net loss of $2,531,579 during the three months ended June 30, 2024, and cash used in operations was $1,776,412. The Company’s accumulated deficit amounts to $310,083,080 as of June 30, 2024 (March 31, 2024: $307,551,501). The Company has negative working capital of $33,848,408. In addition, the Company’s cash position is critically deficient and critical payments to the operational and financial creditors of the Company are not being made in the ordinary course of business, all of which raises substantial doubt about the Company’s ability to continue as a going concern. The Company expects to continue to incur net losses and have significant cash outflows from operating activities for at least the next 12 months. Management has evaluated the significance of the conditions described above in relation to the Company’s ability to meet its obligations and concluded that, without additional funding, the Company will not have sufficient funds to meet its obligations within one year from the date the Condensed Consolidated Financial Statements are issued. Management’s plans with respect to these adverse financial conditions that caused management to express substantial doubt about the Company’s ability to continue as a going concern are as follows: a. In June 2024, Company entered into a letter agreement with Aegis Capital Corp. (“Aegis”) pursuant to which Aegis will act as a placement agent to the Company in connection with a proposed private placement of up to $30 million of securities of the Company which consists of Company’s Series A Preferred Stock and Series A warrants. However, this Agreement does not ensure the successful placement of any securities of the Company or the success of Aegis with respect to securing any financing on behalf of the Company. The Company has not raised any funds pursuant to this agreement. There can be no assurance that the Company will be able to achieve its business plan, raise any additional capital or secure the additional financing necessary to implement its current operating plan. The ability of the Company to continue as a going concern is dependent upon its ability to increase its revenues and eventually achieve profitable operations. The accompanying Condensed Consolidated Financial Statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies (a) Basis of presentation The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (US GAAP) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by US GAAP have been condensed or omitted. Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification (“ASC”) and an Accounting Standards Update (“ASU”) of the Financial Accounting Standards Board (“FASB”). The results of operations for the three months ended June 30, 2024, are not necessarily indicative of the results for the fiscal year ending March 31, 2025, or any future interim period. These Condensed Consolidated Financial Statements follow the same significant accounting policies as those included in the audited Consolidated Financial Statements of the Company for the year ended March 31, 2024. In the opinion of management, these Condensed Consolidated Financial Statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the Condensed Consolidated Financial position, results of operations, and cash flows for these interim periods. The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries and variable interest entities in which the Company is the primary beneficiary, including an entity in India and in other geographical locations. All intercompany accounts and transactions have been eliminated in the Condensed Consolidated Financial Statements herein. (b) Principles of consolidation The Condensed Consolidated Financial Statements include the accounts of Zoomcar Holdings, Inc. and of its wholly owned subsidiaries and Variable Interest Entities (“VIE”) in which the Company is the primary beneficiary, including an entity in India and in other geographical locations (collectively, the “Company”). The Company determines, at the inception of each arrangement, whether an entity in which it has made an investment or in which it has other variable interest is considered a VIE. The Company consolidates a VIE when it is the primary beneficiary. The primary beneficiary of a VIE is the party that meets both of the following criteria: i. has the power to direct the activities that most significantly affect the economic performance of the VIE; and ii. has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE. Periodically, the Company determines whether any changes in its interest or relationship with the entity impact the determination of whether the entity is still a VIE and, if so, whether the Company is the primary beneficiary. As at June 30, 2024, following are the list of subsidiaries and step-down subsidiaries: Name of Entity Place of Investor Entity Method of Zoomcar, Inc. USA Zoomcar Holdings, Inc. Voting Interest Zoomcar India Private Limited India Zoomcar, Inc. Voting Interest Zoomcar Netherlands Holding B. V Netherlands Zoomcar, Inc. Voting Interest Fleet Holding Pte ltd Singapore Zoomcar, Inc. Voting Interest PT Zoomcar Indonesia Mobility Service Indonesia Fleet Holding Pte ltd Voting Interest Fleet Mobility Philippines Corporation Philippines Zoomcar, Inc. Voting Interest Zoomcar Egypt Car Rental LLC Egypt Zoomcar Netherlands Holding VIE Zoomcar Vietnam Mobility LLC Vietnam Fleet Holding Pte ltd VIE In determining whether the VIE model was applicable to the subsidiaries the criteria prescribed under ASC 810 were examined as below: - The subsidiaries were incorporated as legal entities under the laws and regulations of the country in which they are incorporated. - The scope exemptions under ASC 810 were not applicable to the entities. - Zoomcar Holdings, Inc holds variable interest in all the subsidiaries by way of contribution towards equity and in the form of debt. - The entities are variable interest entities for Zoomcar Holdings, Inc since the legal entities do not have sufficient equity investment at risk and equity investors at risk. For the purpose of equity interests, the interests held by employees are also considered under ASC 810 since employees are considered as de-facto agents. Thus, Zoomcar Egypt Car Rental LLC, Fleet Mobility Philippines Corporation, and Zoomcar Vietnam Mobility LLC are considered as wholly owned subsidiaries of Zoomcar, Inc and step-down subsidiaries of Zoomcar Holdings, Inc Through the direct and indirect interest that Zoomcar Holdings, Inc. holds in the subsidiaries, Zoomcar Holdings, Inc. has the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and has the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. Accordingly, Zoomcar Holdings, Inc. is the primary beneficiary to Zoomcar Egypt Car Rental LLC and Zoomcar Vietnam Mobility LLC under the VIE model. Zoomcar, Inc., Zoomcar India Private Limited, Zoomcar Netherlands Holding B.V, Fleet Holding Pte Ltd and PT Zoomcar Indonesia Mobility Service are consolidated as per the voting interest model. On August 14, 2023, Zoomcar Vietnam Mobility LLC has voluntarily filed application for bankruptcy with the local authorities of Vietnam. In accordance with ASC 205-30, the liquidation of the VIE is imminent and thus the financial statements of VIE are prepared on a liquidation basis, which entails valuing assets at their estimated net realizable values and recording liabilities at their expected settlement amounts. Further, in accordance with ASC 810-10-15-10, the Company consolidate the VIE as the bankruptcy application is pending with the authorities in Vietnam and unless the application is admitted, the Company holds a variable interest and still is the primary beneficiary. The assets/liabilities consolidated for the VIE are not material. (c) Use of estimates and assumptions The use of estimates and assumptions as determined by management is required in the preparation of the Condensed Consolidated Financial Statements in conformity with US GAAP. These estimates are based on management’s evaluation of historical trends and other information available when the Condensed Consolidated Financial Statements are prepared and may affect the amounts reported and related disclosures. Actual results could differ from those estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The significant estimates, judgments and assumptions that affect the Condensed Consolidated Financial Statements include, but are not limited to; are: a. Estimation of defined benefit obligation b. Estimation of useful lives and residual values of property, plant & equipment, and intangible assets c. Fair value measurement of financial instruments d. Fair value measurement of share based payments e. Leases – assumption to determine the incremental borrowing rate. f. Valuation allowance on deferred tax assets g. Estimation of utilization of balances with government authorities (d) Revenue recognition During the three months ended June 30, 2024 and June 30, 2023, the Company derives its revenue principally from the following: Facilitation revenue (“Host services”) The Company launched its platform “Zoomcar Host Services” during the year ended March 2022. Zoomcar Host Services is a marketplace feature of the platform that helps owners of vehicles (“Hosts/ Customer/Lessors”) connect with users (“Renters/Lessee”) in temporary need of a vehicle on leasehold basis for their personal use. Facilitation Services revenue consists of facilitation fees charged to Hosts, net of incentives and refunds and trip protection charged to the Renters. The Company charges facilitation fees to its customers as a percentage of the value of the total booking, excluding taxes. The Company collects both the booking value on behalf of the Host and the trip protection charges from the renter. On a daily basis the Company, or its third-party payment processors, disburse the booking value to the host, less the fees due from the host to the Company. The amounts charged for trip fees for the Marketplace service vary based on factors such as the vehicle type, the day of the week, time of the trip, and the duration of the trip. Hence, the Company’s primary performance obligation in the transaction towards the Host is to facilitate the successful completion of the rental transaction and towards the renter is to offer trip protection. Customer support is rendered to both the Host (customer/lessor) and the renter (lessee). Company being the intermediary between the two provides its platform through which all communication takes place related to any services e.g., extension of trip period. Such services also include the normal customer support related to any vehicle breakdowns, tracking of vehicles, renter background checks, vehicle ownership checks and various other activities which are part of an ongoing set of series required for successful listing, renting and completion of trip. These activities are not distinct from each other and are not separate performance obligations. As a result, these series of services integrate together to form a single performance obligation. In case of booking value collected from the renter on behalf of the Host, the Company evaluates the presentation of revenue on a gross versus net basis based on whether or not it is the principal(gross) or the agent (net) in the transaction. The Company considers whether it controls the right to use the vehicle before control is transferred to the renter. Indicators of control that the Company considers include whether the Company is primarily responsible for fulfilling the promise associated with the booking of the vehicle, whether it has inventory risk associated with the vehicle, and whether it has discretion in establishing the prices for the vehicles booked. The Company determined that it does not establish pricing for vehicles listed on its platform and does not control the right to use the host’s vehicle at any time before, during, or after completion of a trip booked on the Company’s platform. Accordingly, the Company has concluded that it is acting in an agent capacity, and revenue is presented net reflecting the facilitation fees received from the Marketplace service. The customer simultaneously receives and consumes the benefits provided by the entity’s performance as the entity performs. Revenue is recognized ratably over the trip period. The Company recognizes facilitation revenue from these performance obligations on a straight-line basis over the duration of the rental trip using the output method as its performance obligation is satisfied over time. The Company uses the output method based on rental hours or days, where revenue is calculated based on the percentage of total time elapsed in relation to total estimated rental period. In the event a user books a trip extension, at the time the extension is booked, the service revenue is recognized on a straight-line basis over the duration of the extension period. The Company offers vehicle listing incentive programs to hosts. The incentives are recorded in accordance with ASC 606- 10-32-25 and ASC 606-10-32-27 as a reduction to revenue and in cases where the amount of incentive paid to the Host are above the facilitation fees earned from that Host on cumulative basis the excess of the revenue amount is recorded as a marketing expense in the Consolidated Statement of Operations. These incentives are offered as part of overall marketing strategy of the company and incentivize the hosts to refer the platform. No incentives were paid during the three months ended June 30, 2024. Loyalty program The Company offers loyalty program, Z-Points, wherein customers are eligible to earn loyalty points that are redeemable for payment towards facilitation fees. Under ASC 606, each transaction that generates loyalty points results in the deferral of revenue equivalent to the retail value at the date the points are earned. The associated revenue is recognized when the customer redeems the loyalty points at some time in future. The retail value of points is estimated based on the current retail value measured as of the date the loyalty points are earned, less an estimated amount representing loyalty points that are not expected to be redeemed (“breakage”). Breakage is reviewed on an annual basis and includes significant assumptions such as historical breakage trends, internal Company forecasts and extended redemption period, if any. As at June 30, 2024 and March 31, 2024, the Company’s deferred revenue balance amounted to $18,806 and $96,710 respectively. Contract liabilities Contract liabilities primarily consists of obligations to customers for advance received against bookings, revenue-share payable to customers for vehicles listed by them on Company’s portal for short-term rentals and related to Company’s points-based loyalty program. (e) Accounts receivable, net of allowance Accounts receivables are stated net of allowances and primarily represent corporate debtors and dues from payment gateways for amounts paid by customers. In case of corporate debtors, the payment terms generally include a credit of 30-60 days. The amounts receivable from payment gateways are settled within 2 days. The Company records an allowance for credit losses for amounts owed for completed transactions that may never settle or be collected. The Company estimates its exposure to balances deemed to be uncollectible based on factors including known facts and circumstances, historical experience, and the age of the uncollected balances. Accounts receivable balances are written off against the allowance of credit losses after all means of collection has been exhausted and potential recovery is considered remote. (f) Other receivables Other receivables include amounts recoverable from host. The receivable from host is adjusted for an allowance on account of host which are not active on the platform for more than 90 days. (g) Balances with government authorities – Input Tax Credit Balances with government authorities represent the tax credit with government agencies which are recognized when the Company has performed the required services and when they meet the eligibility criteria outlined in the applicable government regulations. The input tax credits are related to Indian Goods and Service Tax (“GST”). These balances are classified based on their expected period of utilization of future GST credit and GST debit that comes from domestic purchases and sales of services, respectively. If the tax credits are expected to be utilized within twelve months from the reporting date, they are classified as current assets. If the tax credits are not expected to be utilized within twelve months from the reporting date, they are classified as non-current assets. (h) Assets held for sale The Company classifies vehicles to be disposed of as held for sale in the period in which they are available for immediate sale in their present condition and the sale is probable and expected to be completed within one year. The Company initially measures assets held for sale at the lower of their carrying value or fair value less costs to sell and assesses their fair value annually until disposed. The fair value of Assets held for sale not traded in an active market is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an asset are observable, the Valuation is included in Level 2. The Company has a policy of disposing vehicles once it has crossed 120,000 kilometers (approx. 75,000 miles) in order to ensure that customer experience is maintained at a premium level. In addition, the Company also disposes vehicles early if it has met with accident and is no longer fit for use in the business once the insurance claims are realized on these vehicles. In case of certain vehicles which are not sold within one year from date of classification, the Company reassess the carrying value of the assets to adjust it for the realizable value. (i) Stock-based compensation The Company accounts for stock-based compensation expense in accordance with the fair value recognition and measurement provisions of US GAAP, which requires compensation cost for grant-date fair value of stock-based awards to be recognized over the requisite service period. The Company includes a forfeiture estimate in the amount of compensation expense being recognized based on the Company’s estimate of equity instruments that will eventually vest. The fair value of stock-based awards, granted or modified, is determined on the grant date at fair value, using appropriate valuation techniques. For stock options with service-based vesting conditions only, the valuation model, typically the Black-Scholes option-pricing model, incorporates various assumptions including expected stock price volatility, expected term, and risk-free rates. Stock options with graded vesting the fair- value-based measure is estimated of the entire award by using a single weighted-average expected term. The Company estimated the volatility of common stock on the date of the grant based on weighted-average historical stock price volatility of comparable publicly traded companies in its industry group. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant with a term equal to the expected term. The Company estimates the term based on the simplified method for employee stock options considered to be “plain vanilla” options as the Company’s historical share option exercise experience does not provide a reasonable basis upon which to estimate the expected term. The expected dividend yield is 0.0% as the Company has not paid and does not anticipate paying dividend on its common stock. The Company estimates a forfeiture rate on an annual basis for the purpose of computation of stock-based compensation expense. In case of cancellation of stock-based awards with no concurrent grant of a replacement award or other valuable consideration, any unrecognized compensation cost is recognized immediately on the cancellation date. (j) Debt The debt instruments of the Company consist of debentures and term loans from financial institutions. The Company based on available proceeds makes periodic prepayments of scheduled instalments and the same has been accounted under ASC 470-50. Redeemable Promissory Notes During the period ended June 30, 2024, the Company has issued Redeemable Promissory Notes which are repayable at the principal value on maturity date and has been accounted for under ASC 470-10. The Company issued these Redeemable Promissory notes on discount and incurred expenses on issue of the Redeemable Promissory Notes. As per ASC 835, the discount and the expenses incurred on issue of the Redeemable Promissory Notes have been amortized over the period of the Redeemable Promissory note on a straight-line basis. The Redeemable Promissory Notes liabilities have been presented net off the discount and issue expenses. Debt Issuance costs Debt issuance costs consist primarily of arrangement fees paid to Placement agent, professional fees and legal fees. These costs are netted off with the related debt and are being amortized to interest expense over the term of the related. The debt has been classified into current or non-current based on the payment terms of the debt instruments. Non-current obligations are those scheduled to mature beyond twelve months from the date of the Company’s Condensed Consolidated Balance Sheet. (k) Warrants When the Company issues warrants, it evaluates the proper balance sheet classification of the warrant to determine whether the warrant should be classified as equity or as a derivative liability on the Condensed Consolidated Balance Sheets. In accordance with ASC 815- 40, Derivatives and Hedging- Contracts in the Entity’s Own Equity (ASC 815-40), the Company classifies a warrant as equity so long as it is “indexed to the Company’s equity” and several specific conditions for equity classification are met. A warrant is not considered indexed to the Company’s equity, in general, when it contains certain types of exercise contingencies or adjustments to exercise price. If a warrant is not indexed to the Company’s equity or it has net cash settlement that results in the warrants to be accounted for under ASC 480, Distinguishing Liabilities from Equity, or ASC 815-40, it is classified as a derivative liability which is carried on the Condensed Consolidated Balance Sheet at fair value with any changes in its fair value recognized currently in the Condensed Consolidated Statement of Operations. (a) During the three months ended June 30, 2024, the Company issued warrants along with Redeemable Promissory Note and as consideration to placement agents for the issuance of the Redeemable Promissory Note. These warrants were classified equity in accordance with ASC 815-40 since all the conditions required for equity classification are met. Upon issuance of the warrant, the Company had allocated a portion of the proceeds from the issuance of its Redeemable Promissory Note to the warrant based on the relative fair values of warrants and Redeemable Promissory Note in accordance with ASC 820. (b) During the year ended March 31, 2024, the Company issued warrants along with Senior Subordinated Convertible Promissory Note (“SSCPN)” and as consideration to placement agents for the issuance of SSCPN. These warrants were derivative in accordance with ASC 815-10-15-83 since they contained an underlying, had cash less payment provisions, that could have been net settled in shares and had a very minimal initial net investment. Accordingly, the derivatives were measured at fair value and subsequently revalued at each reporting date until the close of Reverse Recapitalization consummated during year ended March 31, 2024. (c) The Company also had preferred stocks and common stocks warrants issued during the year ended March 31, 2022, and were classified as liabilities and equity respectively, in the Condensed Consolidated Balance Sheet as of March 31, 2024 and June 30, 2024. Each unit of Series E preferred stock issued by the Company consisted of one Series E preferred stock and a warrant which entitled the holder to purchase one share of common stock of the Company on the satisfaction of certain conditions. Warrants were also issued to placement agencies of the Series E and Series E1 which included the following two categories: a) warrants to purchase common stock of the company; and b) warrants to purchase Series E and Series E1 shares. Warrants to be converted into common stock: The Company’s warrants to purchase common stock were classified as equity. Upon issuance of the warrant, the Company had allocated a portion of the proceeds from the issuance of its preferred stock to the warrant based on the relative fair values of warrants and preferred stock. Warrants to be converted into preferred stock (“Preferred stock warrant liability”): The Company’s warrants to purchase convertible preferred stock were classified as a liability and were held at fair value as the warrants were exercisable for contingently redeemable preferred stock, which was classified outside of stockholders’ deficit. The warrant instruments classified as liabilities were subject to re-measurement at each balance sheet date, and any change in fair value was recognized as a component of finance costs. The Company continued to adjust the liability classified warrant for changes in the fair value until the Reverse Recapitalization transaction at which time the warrants were reclassified to additional paid-in-capital. (l) Financial liabilities measured at fair value Convertible Promissory notes (“Notes”), Senior Subordinated Convertible Promissory Note (“SSCPN”) and Unsecured Convertible Note (“Atalaya Note”) During the year ended March 31, 2024 the Company issued Notes and SSCPN. The Company evaluated the balance sheet classification for these instruments into debt or equity, and accounting for conversion feature. As per ASC 480-10-25-14, the Notes and SSCPN were classified as liabilities because the Company intended to settle them by issuing variable number of shares with a fixed and known monetary value at the time of inception. However, the Company had elected fair value option for these Notes and SSCPN, as discussed below and thus did not bifurcate the embedded conversion feature. Fair Value Option (“FVO”) Election The Company accounted for Notes and SSCPN under the fair value option election of ASC 825, Financial Instruments (“ASC-825”) as discussed below. The Notes and SSCPN accounted under the FVO election which were debt host financial instruments containing conversion features which otherwise would be required to be assessed for bifurcation from the debt-host and recognized as separate derivative liabilities subject to measurements under ASC 815. Notwithstanding, ASC 825-10-15-4 provides for the “fair value option” (“FVO”) election, to the extent not otherwise prohibited by ASC 825-10-15- 5, to be afforded to financial instruments, wherein bifurcation of an embedded derivative is not necessary, and the financial instrument is initially measured at its issue-date estimated fair value and then subsequently remeasured at estimated fair value on a recurring basis at each reporting period date. The estimated fair value adjustment, as required by ASC 825-10-45-5, was recognized as a component of other comprehensive income (“OCI”) with respect to the portion of the fair value adjustment attributed to a change in the instrument-specific credit risk, with the remaining amount of the fair value adjustment recognized under Finance costs shown as “Change in fair value of Notes” and “Change in fair value of SSCPN” in the accompanying Condensed Consolidated Statement of Operations. With respect to the above Notes and SSCPN, as provided for by ASC 825-10-50- 30(b), the estimated fair value adjustments were presented as a separate line item in the accompanying Condensed Consolidated Statement of Operations, since the change in fair value of the Notes and SSCPN payable were not attributable to instrument specific credit risk. During the year ended March 31, 2024, as a result of consummation of the Business Combination by way of Reverse Recapitalization, the Notes and SSCPN outstanding were converted into 5,975,686 shares of the Company’s Common Stock. The SSCPN and Notes were adjusted for their carrying value through Condensed Consolidated Statement of Operations as on date of Reverse Recapitalization and credited at carrying value to the capital accounts upon conversion to reflect the stock issued. During the year ended March 31, 2024, the Company issued an unsecured convertible note (“Atalaya Note) which had features similar to that of SSCPN and were accounted accordingly as enumerated above. (m) Net profit/(loss) per share attributable to common stockholders The Company computes net profit/(loss) per share using the two-class method required for participating securities. The two-class method requires income available to common stockholders for the period to be allocated between common stock and participating securities based upon their respective rights to receive dividends as if all the income for the period had been distributed. The Company’s convertible preferred stock is participating security. The holders of the convertible preferred stock would be entitled in preference to common shareholders, at specified rate, if declared. Then any remaining earnings would be distributed to the holders of common stock and convertible preferred stock on a pro-rata basis assuming conversion of all convertible preferred stock into common stock. This participating security do not contractually require the holders of such shares to participate in the Company’s losses. As such, net losses for the periods presented were not allocated to the Company’s participating securities. The Company’s basic profit/(loss) per share is computed using the weighted-average number of ordinary shares outstanding during the period. The diluted profit/(loss) per share is computed by considering the impact of potential issuance of common stock on the weighted average number of shares outstanding during the period, except where the results would be anti- dilutive. (n) Provisions and accrued expenses. A provision is recognized in the Condensed Consolidated Balance Sheet when the Company has a present legal or constructive obligation as a result of a past event, and it is probable that an outflow of economic benefits will be required to settle the obligation. If the effect is material, provisions are recognized at present value by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money. Provisions for onerous contracts are recognized when the expected benefits to be derived by the Company from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established, the Company recognizes any impairment loss on the assets associated with that contract. The Company does not have any onerous contracts. (o) Fair value measurements and financial instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In accordance with ASC 820, Fair Value Measurement (“ASC 820”), the Company uses the fair value hierarchy, which prioritizes the inputs used to measure fair value. The hierarchy, as defined below, gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of the fair value hierarchy are set forth below: Level 1 Observable inputs such as quoted prices in active markets for identical assets or liabilities. Level 2 Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities in active markets, quoted prices in markets that are not active or inputs other than the quoted prices that are observable either directly or indirectly for the full term of assets or liabilities. Level 3 Unobservable inputs in which there is little or no market data and that are significant to the fair value of the assets or liabilities. During the three months ended June 30, 2024, the Company’s primary financial instruments included cash and cash equivalents, investments, accounts receivables, other financial assets, accounts payable, debt, unsecured convertible note, redeemable promissory note and other financial liabilities. The estimated fair value of cash equivalents, accounts receivable, accounts payable, redeemable promissory note and accrued liabilities approximate their carrying value due to short-term maturities of these instruments. (p) Segment information Operating segments are defined as components of an entity for which discrete financial information is available and is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in making decisions regarding resource allocation and performance assessment. The Company’s CODM is its Board of Directors. The Company has determined it has one operating and reportable segment as the CODM reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. (q) Recent Accounting Pronouncements Accounting Pronouncement Adopted In July 2023, the FASB issued ASU 2023-03 - Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation— Stock Compensation (Topic 718). The ASU amends or supersedes various SEC paragraphs within the Codification to conform to past SEC announceme

Reverse Recapitalization

Reverse Recapitalization	3 Months Ended
Reverse Recapitalization	Jun. 30, 2024
Reverse Recapitalization [Abstract]
Reverse Recapitalization	3 Reverse Recapitalization As discussed in Note 1, “Organization and Business Operation”, on the Closing Date, Zoomcar, Inc. completed the acquisition of IOAC and Zoomcar, Inc. received cash of $5,770,630 and assumed liabilities amounting to $21,499,578 (including $17,100,000 settled by issuance of common stock of the Company) which were recorded in the Condensed Consolidated Balance Sheet for the year ended March 31, 2024. Further, unsecured promissory notes of $3,259,208 were assumed. As of March 31, 2024, the Company recorded $10,947,805 of transaction costs, which consisted of legal, accounting, and other professional services related to the Reverse Recapitalization, of which $4,804,482 was related to common stock issued during the Reverse Recapitalization and was recorded as a reduction to additional paid-in capital. The cash outflows related to these costs were presented as financing activities in the Company’s Condensed Consolidated Statements of Cash Flows. In addition, upon closing of the Reverse Recapitalization, certain employees received a one-time transaction bonus for an aggregate amount of $392,725, which was to be paid in cash. This bonus is included in compensation and benefits in the Condensed Consolidated Statement of Operations and Comprehensive (Loss) Income for the year ended March 31, 2024. On the Closing Date, each then-outstanding IOAC ordinary share was cancelled and converted into one share of common stock of the registrant, par value $0.0001 per share (“Common Stock”), and each then-outstanding IOAC warrant was assumed and converted automatically into a warrant of the Company, exercisable for shares of Common Stock. Additionally, outstanding units of the IOAC were separated into their component parts, and outstanding IOAC Class B shares were converted into Class A shares on a 1-for-1 basis. As of the Closing Date, upon consummation of the Reverse Recapitalization, the only outstanding shares of capital stock of the IOAC are shares of Common Stock. See Note 21, “Common Stock ” and Note 17, “Warrants”, for additional details of the Company’s stockholders’ equity prior to and subsequent to the Reverse Recapitalization. All equity awards of Zoomcar, Inc. were assumed by the Company and converted into comparable equity awards that are settled or exercisable for shares of the Company’s common stock. As a result, each outstanding stock option of Zoomcar, Inc. was converted into an option to purchase shares of the Company’s common stock based on the Exchange Ratio and each outstanding warrant of Zoomcar, Inc. was converted into a warrant to purchase shares of the Company’s common stock based on the Exchange Ratio. As additional consideration for the acquisition of Zoomcar, Inc. securities, at the Closing, IOAC issued and deposited into an escrow account established for this purpose (the “Earnout Escrow Account”) 20,000,000 shares of Common Stock (the “Earnout Shares”) to be held in the Earnout Escrow Account in accordance with the terms of an earnout escrow agreement. The Original Earnout Terms were modified pursuant to the terms and provisions set forth in the Post-Closing Amendment, effective immediately upon the adoption of the Post-Closing Amendment on December 29, 2023 resulting in the Earnout Shares becoming distributable to stockholders in accordance with the terms of the Reverse Recapitalization Agreement. The equity structure has been recast in all comparative periods up to the Closing date to reflect the number of shares of the Company’s Common Stock, $0.0001 par value per share, issued to Zoomcar, Inc. shareholders in connection with the Reverse Recapitalization. As such, the shares and corresponding capital amounts and loss per share related to Zoomcar, Inc. Common Stock prior to the Reverse Recapitalization have been retroactively recast as shares reflecting the exchange ratio of 0.0284 established in the Reverse Recapitalization. In connection with Reverse Recapitalization, then-outstanding 11,500,000 public warrants of IOAC were assumed and converted automatically into a warrant of the Company on the closing. Public warrants entitled each holder to the right to purchase one share of common stock at an exercise price of $5.71 per share and classified as equity instruments. Ananda Trust Closing Subscription Agreement On December 19, 2023, IOAC and Ananda Trust, an affiliate of the Sponsor, entered into a subscription agreement (the “Ananda Trust Closing Subscription Agreement”), pursuant to which, upon the Closing, Ananda Trust purchased 1,666,666 IOAC Class A ordinary shares at a price of $3.00 per share for aggregate gross proceeds of $5,000,000. This investment was consummated concurrently with the closing of the Reverse Recapitalization. The number of common stock outstanding following the consummation of the Reverse Recapitalization are as follows: Particulars March 31, Conversion of Zoomcar, Inc. Common Stock and Preferred Stock outstanding prior to Reverse Recapitalization 27,327,481 Common stock – issuance to IOAC shareholders 9,192,377 Shares issued to Mohan Ananda 2,738,172 Other vendors 3,617,333 Total 42,875,363 The number of Zoomcar, Inc. shares was determined as follows: Particulars Zoomcar, Inc. Common shares Common shares 16,987,064 482,681 Preferred stock 99,309,415 21,842,458 Redeemable NCI - Shares of Zoomcar India Private Limited 10,848,308 754,169 Issue of common shares on conversion of SSCPN - 4,248,173 Total 27,327,481

Cash and Cash Equivalents

Cash and Cash Equivalents	3 Months Ended
Cash and Cash Equivalents	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	4 Cash and cash equivalents The components of cash and cash equivalents were as follows: (In USD) As at June 30, March 31, Balances in bank accounts $ 1,582,221 $ 1,495,097 Cash 1,262 1,047 Cash and cash equivalents 1,583,483 1,496,144

Accounts Receivable, Net of All

Accounts Receivable, Net of Allowance for Doubtful Accounts	3 Months Ended
Accounts Receivable, Net of Allowance for Doubtful Accounts	Jun. 30, 2024
Accounts Receivable, Net of Allowance for Doubtful Accounts [Abstract]
Accounts receivable, net of allowance for doubtful accounts	5 Accounts receivable, net of allowance for doubtful accounts The components of accounts receivable were as follows: (In USD) As at June 30, March 31, Accounts receivable $ 178,203 $ 207,971 Allowance for credit losses (13,740 ) (13,774 ) Net accounts receivable 164,463 194,197 The Company records an allowance for credit losses for amounts owed for completed transactions that may never settle or be collected. As at June 30, 2024 and March 31, 2024, allowance amounting to $ NIL

Balances with Government Author

Balances with Government Authorities	3 Months Ended
Balances with Government Authorities	Jun. 30, 2024
Balances with Government Authorities [Abstract]
Balances with Government Authorities	6 Balances with government authorities The components of balances with government authorities were as follows: (In USD) As at June 30, March 31, 2024 Current Goods and service tax receivable $ 4,343,872 $ 4,277,019 Less: Impairment* (3,839,890 ) (3,849,317 ) 503,982 427,702 Non current Other tax receivables $ 3,914 $ 18,126 3,914 18,126 During the year ended March 31, 2024, the Company recorded an allowance for impairment of tax credits for an amount of $3,849,317 for estimated losses resulting from substantial doubt about the utilization of the tax credits. This allowance for impairment of tax credits was determined by estimating future uses of tax credits against output Goods and Service Tax (“GST”). No impairment allowance has been created for the period ended June 30, 2024. As of June 30, 2024 the impairment amounts to $3,839,890 ( March 31, 2024 : $3,849,317).

Short Term Investments

Short Term Investments	3 Months Ended
Short Term Investments	Jun. 30, 2024
Short Term Investments [Abstract]
Short term investments	7 Short term investments The components of short term investments were as follows: (In USD) As at June 30, March 31, Certificate of deposits* $ 17,288 $ 298,495 Short term investments 17,288 298,495 * In April 2024, Lease Plan India Private Limited invoked the bank guarantee provided as collateral during the restructuring process, resulting in the adjustment of a fixed deposit amounting to $127,609. As on June 30, 2024 and March 31, 2024, this has been adjusted against the outstanding liability of Lease Plan India Private Limited (Refer note 11). During the period ended June 30, 2024, the Company has adjusted the certificate of deposits with Mahindra & Mahindra Financial Services Limited against the debt. (Refer note 14).

Other Current Assets

Other Current Assets	3 Months Ended
Other Current Assets	Jun. 30, 2024
Other Current Assets [Abstract]
Other current assets	8 (a) Other current assets The components of other current assets were as follows: (In USD) As at June 30, March 31, Security deposits $ 47,821 $ 98,813 Franchise tax refund receivable 84,490 84,490 Advance to employees 6,492 15,159 Receivables from car sale 90,023 90,244 Advance income taxes, net 9,182 9,094 Advance to suppliers 40,998 9,370 Other receivables 100,507 216,576 Other current assets 379,513 523,746 8 (b) Other current assets with related parties The components of other current assets with related parties were as follows: (In USD) As at June 30, March 31, Advance to director $ - $ 44,168 Other current assets with related parties - 44,168

Assets Held for Sale

Assets Held for Sale	3 Months Ended
Assets Held for Sale	Jun. 30, 2024
Assets Held for Sale [Abstract]
Assets held for sale	9 Assets held for sale The components of assets held for sale were as follows: (In USD) As at June 30, March 31, Vehicles $ 626,715 $ 629,908 Total assets held for sale 626,715 629,908 Vehicles represent the vehicles held for sale in the Indian subsidiary, Zoomcar India Private Limited. The gain or loss on sale of these assets is included in Loss/ (gain) on sale of assets held for sale under Other (income)/expense of Condensed Consolidated Statement of Operations. During the three months ended June 30, 2024, total profit of $2,923 was recorded against loss/ (gain) on sale of vehicles held for sale (total loss of $39,856 for the three months ended June 30, 2023). During the three months ended June 30, 2024 and 2023, the Company has not recorded any impairment amount. The Company is actively taking steps to liquidate these “Assets held for sale”, pending the capacity to foreclose loans and issue NOCs to buyers. The Company anticipates full asset sale completion by the third quarter of the calendar year 2024.

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
Property and Equipment, Net	Jun. 30, 2024
Property and equipment, net [Abstract]
Property and equipment, net	10 Property and equipment, net The components of property and equipment were as follows: (In USD) As at Estimated useful life June 30, March 31, Devices 3 - 5 years $ 3,182,788 $ 3,274,998 Computer equipments 2 - 7 years 563,653 603,864 Office equipments 3 - 10 years 236,044 245,545 Furniture and fixtures 10 years 1,759 7,398 Total, at cost 3,984,244 4,131,805 Less: Accumulated depreciation (2,617,177 ) (2,572,825 ) 1,367,067 1,558,980 Right-of-use assets under finance leases: Vehicles, at cost $ 4,107,323 $ 4,117,406 Accumulated depreciation (4,107,323 ) (4,117,406 ) - - Total property and equipment, net 1,367,067 1,558,980 Depreciation expense for the three months ended June 30, 2024 and June 30, 2023 was $112,348 and $255,481 respectively. Depreciation expense has been shown under cost of revenue amounting to $74,873 and $208,935 for the three months ended June 30, 2024 and June 30, 2023 respectively and under General and administrative expenses amounting to $37,475 and $46,546 for the three months ended June 30, 2024 and June 30, 2023 respectively. Vehicles are pledged against debt from financial institutions. There is no change in useful life of the assets during the year. As of June 30, 2024 and June 30, 2023 , the Company believes no impairment exists because the long-lived asset’s future undiscounted net cash flows expected to be generated exceeds its carrying value; however, there can be no assurances that long-lived assets will not be impaired in future periods.

Leases

Leases	3 Months Ended
Leases	Jun. 30, 2024
Leases [Abstract]
Leases	11 Leases The Company’s lease primarily includes vehicles and corporate offices which has been classified as finance leases and operating leases, respectively . The lease term of operating and finance leases varies between 3 to 7 years. The lease agreements do not contain any covenants to impose any restrictions except for market- standard practice for similar lease arrangements. In assessment of the lease term, the Company considers the extension option as part of its lease term for those lease arrangements where the Company is reasonably certain of availing the extension option. The components of lease expense were as follows: (In USD) Period ended June 30, March 31, Finance lease cost: Amortization of right-of-use assets $ - $ - Interest on lease liabilities 136,043 625,523 Operating lease cost 108,245 516,219 Short term lease cost 79,372 423,693 Total lease cost 323,660 1,565,435 Supplemental cash flow information related to leases was as follows: (In USD) Period ended June 30, March 31, Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows for operating leases $ (103,266 ) $ (441,843 ) Financing cash outflows for finance leases - (526,959 ) Right-of-use assets obtained in exchange for lease obligations: Operating leases - - Finance leases - - Supplemental balance sheet information related to leases was as follows: (In USD) Period ended June 30, March 31, Operating Leases Operating lease right-of-use assets $ 1,186,516 $ 1,290,608 Current operating lease liabilities $ 310,630 $ 365,542 Non current operating lease liabilities 961,766 1,009,681 Total operating lease liabilities 1,272,396 1,375,223 Finance Leases Property and equipment, at cost $ 5,909,049 $ 5,923,555 Accumulated depreciation (4,107,323 ) (4,117,406 ) Accumulated impairment (1,801,726 ) (1,806,149 ) Property and equipment, net - - Current finance lease liabilities $ 5,866,368 $ 5,738,239 Non current finance lease liabilities - - Total finance lease liabilities 5,866,368 5,738,239 Weighted Average Remaining Lease Term Operating leases 57 months 58 months Finance leases 27 months 30 months Weighted Average Discount Rate Operating leases 13.00 % 13.00 % Finance leases 9.00 % 9.00 % The Company determines the incremental borrowing rate by adjusting the benchmark reference rates, with appropriate financing spreads applicable to the respective geographies where the leases were entered and lease specific adjustments for the effects of collateral. Maturities of lease liabilities are as follows: Three months ended Year ended June 30, 2024 March 31, 2024 Operating Finance Operating Finance 2025 $ 246,582 $ 6,459,810 $ 392,443 $ 6,475,668 2026 344,738 - 345,584 - 2027 361,497 - 362,385 - 2028 379,095 - 380,025 - 2029 397,572 - 398,548 - Total Lease Payments 1,729,484 6,459,810 1,878,985 6,475,668 Less : Imputed Interest 457,088 593,442 503,762 737,429 Total Lease Liabilities $ 1,272,396 $ 5,866,368 $ 1,375,223 $ 5,738,239 An amount of $362,654and As of June 30, 2024, the Company continues to default on equated monthly instalments (EMI) payments for November 2023 to June 2024 owed to Leaseplan India Private Limited (Lender). The total lease commitment balance as of June 30, 2024 is $5,686,946 (including $1,299,172 of defaulted lease rentals). In adherence to the agreement, the Company has accumulated penal interest at a simple interest rate of 1% per month on the overdue EMIs, amounting to $51,662 for the year ended June 30, 2024. As per the terms of the agreement, an additional simple interest of 1.5% per month is levied on the overdue amount as it is still unpaid after 60 days from date of default. In accordance with the agreement, the lender is entitled to any of the below 6 remedies on account of non-payment of lease rentals by the Company: a) withdrawal of conditional waiver of USD 1.2 million (INR 10 crores) given during restructuring and shall become immediately due and payable with interest of 1.5% per month; b) entire outstanding debt becoming due and payable, inclusive of all accrued interests; c) enforcement of the consent award for the entire amount of default (along with applicable interest thereon); d) seek and cause compulsory re-possession of all vehicles from Zoomcar which were financed from the Lender; e) enforcement of the security created in pursuance of this Resolution Agreement for the amount of default (along with applicable interest thereon); f) invoke the personal guarantee issued by the promoter for satisfaction of the amount of default (along with applicable interest thereon). In April 2024, Lease Plan India Private Limited has invoked the bank guarantee created against fixed deposit amounting to $127,296 which has been adjusted against their outstanding liability as on June 30, 2024 and March 31, 2024. Lease Plan India Private Limited has not yet withdrawn the conditional waiver of $1.2 million given during the restructuring. The Company has defaulted on EMI from December 2023 to June 2024 owed to Orix Leasing and Financial Services India Limited. As per the restructuring agreement, in case of default on payment, interest charge of 15% p.a. on the outstanding amount shall be levied by Orix Leasing and Financial Services India Limited. On June 4, 2024, the Company had sent a notice of termination to Economic Transport Organisation Private Limited (lessor) notifying their intention to terminate the deed for their property lease. Accordingly, the right-of-use of asset has been fully impaired as on June 30, 2024 since the Company does not have an intention to use the leased asset. However, in case of vacating the property earlier than the lock-in period, the Company is liable to pay the balance rent amount for the unexpired period of the lock-in period. The Company has an outstanding liability of $21,797, after adjustment of the related security deposit amounting to $47,875 towards the unexpired period of the lock-in period. (Refer note 19)

Investments

Investments	3 Months Ended
Investments	Jun. 30, 2024
Investments [Abstract]
Investments	12 Investments The components of investments were as follows: (In USD) As at June 30, March 31, Long term investments Investments in certificate of deposits* $ 75,107 $ 91,947 75,107 91,947 * Investments includes certificate of deposits and interest accrued on the same.

Other Non-Current Assets

Other Non-Current Assets	3 Months Ended
Other Non-Current Assets	Jun. 30, 2024
Other Non-Current Assets [Abstract]
Other non-current assets	13 Other non-current assets The components of other non-current assets were as follows: (In USD) As at June 30, March 31, Security deposits* $ 360,024 $ 350,149 Receivables from car sale ** 457,467 458,590 Other non current assets 817,491 808,739 * (i) includes deposit amounting to $130,238 made as a pre deposit in court for Indian indirect tax appeal filed in FY 2021-22 and 2022-23 in the state of West Bengal and; (ii) $25,804 made as a deposit under protest for appeal filed for Income Tax litigation pertaining to FY 2015-16. (iii) During the year ended March 31, 2024, security deposit amounting to $35,994 has been adjusted against outstanding balance with Siddharth Assets (lessor) in relation to the Golden Enclave property lease. (iv) During the period ended June 30, 2024, security deposit amounting to $47,875 has been adjusted against outstanding balance with Economic Transport Organisation Private Limited (lessor) in relation to the Golden Enclave property lease. ** includes receivable amount from Dbest Cars India Private Limited (“Dbest”), pending arbitration after an initial court judgment in favor of the Company. The Company has handed over the No Objection Certificates for the sold vehicles to Dbest as per the court orders. The timeframe for actual receipt of fund is dependent on the completion of realization process with arbitration panel.

Debt

Debt	3 Months Ended
Debt	Jun. 30, 2024
Debt [Abstract]
Debt	14 Debt The components of long term and short term debt were as follows: (In USD) As at Effective interest rates Maturities* June 30, March 31, Current Non-convertible debentures - 7.7% Debentures - September 30, 2024 $ 334,727 $ 335,549 Term loans - from non-banking financial companies (NBFCs) - Mahindra & Mahindra Financial Services Limited September 30, 2024 602,346 873,924 - Cholamandalam Investment and Finance - - - - - TATA Motors Finance Limited 13.05 % May 31, 2027 2,254,635 2,187,128 - Kotak Mahindra Financial Services Limited 1.00 % February 28, 2025 348,732 348,599 - Nissan Renault Financial Services India Private Limited - - - - - Jain and Sons Services Limited - December 31, 2024 47,875 47,992 - Mercury Car Rentals Private Limited - September 30, 2024 215,437 249,560 - Orix Leasing and Financial Services India LTD 13.41 % March 31, 2025 161,761 156,370 - Clix Finance India Private Limited 6.32 % July 2, 2025 126,574 124,931 Financing arrangement with- - AON Premium Finance LLC 7.74 % September 28, 2024 - 725,430 4,092,087 5,049,483 Total maturity for the year ending on March 31, 4,092,087 2025 - 2026 - 2027 - 2028 - 2029 - Thereafter $ 4,092,087 * Maturities have been stated as per the respective agreements with the financiers. However, except for AON Premium Finance LLC due to non-payment of scheduled EMIs, the loans are immediately payable and are classified as current. These debts are not associated with any restrictive covenants. (A) Non-convertible debentures (i) 7.7% Debenture The Company has defaulted on the lumpsum payment that was due in January 2024 owed to Blacksoil Capital Private Limited for an amount of $334,727. The Company has recorded an interest expense amounting to $ NIL (B) Term loans from NBFCs Includes loans outstanding as at June 30, 2024 and March 31, 2024 of $ 3,757,362 and $3,976,093. The terms and conditions of the loans taken from NBFS’s have remained unchanged since the year ended March 31, 2023. The Company has recorded an interest expense amounting to $76,166 and $100,565 for the three months ended June 30, 2024 and June 30, 2023. Further, the Company has also recorded a penal interest expense amounting to $14,327 and $ NIL As of March 31, 2024, the Company continues to default on Equated Monthly Installment (“EMI”) for November 2023 to June 2024 owed to Kotak Mahindra Finance (Lender). The outstanding balance as of June 30, 2024 is $348,732 (including $198,521 for defaulted EMI). As per the restructuring agreement, in case of any default by the Company (Borrower), the Lender may issue Loan Recall notice thereafter the outstanding loan amount shall become payable immediately with penal interest of 1% per month. The Company has defaulted on EMI for the months of January 2024 to June 2024 owed to Tata Motors Finance Limited for an amount of $269,117. As per the restructuring agreement, in case of default on payment by the Company, the outstanding loan balance becomes payable immediately with interest charge of 36% pa. The Company has defaulted on EMI for the months of February to June 2024 owed to Clix Finance India Private Limited for an amount of $36,200. As per the restructuring agreement, in case of default on payment by the Company, the outstanding loan becomes payable immediately. The outstanding amounts for the above loans are classified under current liabilities in the Condensed Consolidated Balance Sheet. The Company has defaulted on EMI from December 2023 to June 2024 owed to Orix Leasing and Financial Services India Limited for an amount of $79,897. As per the restructuring agreement, in case of default on payment, interest charge of 15% p.a. on the outstanding amount shall be levied by Orix Leasing and Financial Services India Limited. The Company has defaulted on EMI for the months of December 2023, March 2024 and June 2024 due to Jain and Sons Services Limited amounting to $28,725. The Company has defaulted on the lumpsum payment due in the month of January 2024 owed to Mahindra & Mahindra Financial Services Limited for an amount of $873,924. Due to nonpayment of loan, Mahindra & Mahindra Financial Services Limited has adjusted the certificate of deposit amounted to $261,031 held as security under certificate of deposit with them. As of the date, the outstanding dues after adjusting certificate of deposit remains unpaid amounting to $602,346. The Company has defaulted on the lumpsum payment due in the month of January 2024 owed Mercury Car Rentals Private Limited for an amount $239,962. The Company received a notice of “Invocation of Arbitration” from Mercury Car Rentals Private Limited during the year ended March 31, 2024 which stated that the case would be transferred to the arbitrator for dispute resolution on nonpayment of dues by the Company by May 15, 2024. The date for repayment is further extended by the financier till August 10, 2024. During the period ended June 30, 2024, the Company has made payment amounting to $23,973 and the balance dues remains unpaid. In June 2024, the Company fully paid the liability due to AON Premium Finance LLC along with interest of $8,470. Due to delayed payment of installments due for April and May 2024, the Company incurred a penalty of $12,367. 14A Redeemable Promissory Note The following is a summary of the Company’s redeemable promissory note payable as of June 30, 2024 and March 31, 2024: Outstanding (In USD) As at June 30, March 31, Redeemable promissory note $ 3,615,000 $ - Less: Discount ($2,647,925) and debt issuance cost ($909,657) on issuance, net of amortization (3,425,820 ) - Total 189,180 - On June 18, 2024 , the Company entered into a Securities Purchase Agreement with certain institutional accredited investors pursuant to which the Company issued and sold an aggregate of $3,600,000 in principal amount of notes and warrants to purchase up to an aggregate of 52,966,102 shares of Company Common Stock for gross proceeds of $3,000,000. The closing occurred on June 20, 2024. Out of the total proceeds of $3,000,000 received for the Redeemable Promissory notes and warrants. The Company has allocated $952,075 and $2,047,925 to redeemable promissory notes and warrants respectively, on the basis of their relative fair values. The warrants has been recorded under additional paid in capital in the Condensed Consolidated Statements of Stockholders’ Deficit. The discount on issue and issuance cost amounts to $2,647,925 and $909,657 (including consideration paid to placement agents of $788,157) respectively. These discount and issuance cost on Redeemable Promissory Notes have been amortized over the contractual period on a straight-line basis. The unamortized discount and issuance cost have been presented as net of the Redeemable promissory note liability. Terms of Redeemable Promissory Note The Notes are due nine months from the date of issuance, provided that the Company is required to use the proceeds at the Closing Date of one or more subsequent equity, debt or other capital raises or any sale of tangible or intangible assets with net proceeds sufficient to repay all or any portion of the amounts due under the Note (the “Maturity Date”). The Redeemable Promissory Note bear interest at a rate of 15% per annum computed on the basis of a 360-day year and twelve 30-day months and payable in arrears on the Maturity Date. The interest on the Redeemable Promissory Note was $146,762 and $ NIL As of June 30, 2024 and March 31, 2024, the balance outstanding of the Redeemable Promissory Note was $3,615,000 (including $15,000 interest accrued) and $ NIL Terms of Warrants issued along with Redeemable Promissory Note The Warrants are each exercisable for one share of Common Stock at an initial exercise price of $0.1416 per Share and may be exercised at any time on or after the later of (i) the six-month anniversary of the issuance date or (ii) the date that the Company obtains Stockholder Approval. The Warrants expire at 5:00 p.m. (New York City time) on the five-year anniversary of the date that of the last to occur of (a) the Resale Effective Date and (b) the date that Stockholder Approval is obtained. For the purposes of obtaining Stockholders Approval, the Company shall hold a special meeting of stockholders (which may also be at the annual meeting of stockholders) at the earliest practicable date after the issuance date, but in no event later than one hundred days after the Closing Date, with the recommendation of the Company’s Board of Directors that such proposal be approved. If at the time of exercise, there is no effective registration statement registering, or the prospectus contained therein is not available for the resale of the Warrant Shares by the Holder, then the Warrant may also be exercised, in whole or in part, at such time by means of a ‘cashless exercise’. The Holder may also effect an ‘Alternative cashless exercise’. In such event, the aggregate number of Warrant Shares issuable in such alternative cashless exercise pursuant to any given Notice of Exercise electing to effect an alternative cashless exercise shall equal the aggregate number of Warrant Shares that would be issuable upon exercise of the Warrant if such exercise were by means of a cash exercise rather than a cashless exercise. On the Termination Date, the Warrant shall be automatically exercised via cashless exercise. Terms of Warrants issued to placement agent The placement agent was compensated with a cash fee amounting to $370,000 and 2,860,170 warrants. The terms of the warrants issued to the placement agents are similar to the warrants issued to the investors as mentioned above. The fair value of the warrants amounting to $ 418,157 as on the issue date, were classified as equity.

Convertible Promissory Note (_N

Convertible Promissory Note (‘Notes’)	3 Months Ended
Convertible Promissory Note (‘Notes’)	Jun. 30, 2024
Convertible Promissory Note (‘Notes’) [Abstract]
Convertible promissory note (‘Notes’)	15 Convertible promissory note (‘Notes’) In October 2022, the Company entered into a Convertible Promissory Note agreement with Ananda Small Business Trust for $10,000,000 accruing interest at a simple rate of six percent (6%) per annum. Under the terms of the aforementioned agreement, the Notes were to be converted into the Common Stock of the Company on the successful closing of the SPAC transaction. The Company has not exercised the option to settle the accrued and unpaid interest on the Notes in cash. The Convertible Promissory Note were converted into the Company’s Common Stock on the consummation of the Business Combination by way of a Reverse Recapitalization. The outstanding principal along with interest at a simple rate of 6% were considered to arrive at 1,071,506 shares at a Conversion Price of $10.00 per share. Pursuant to the Amendment to Note Purchase Agreement dated September 11, 2023, the maturity date of the Notes had been amended to December 31, 2023. All other terms of the Note remained unchanged. The (gain)/loss on fair value change of the Notes recorded was $ NIL As of June 31, 2024 and March 31, 2024, the principal balance and fair value of the Notes was $ NIL 15A Unsecured promissory note The following is a summary of the Company’s unsecured promissory note payable as of June 30, 2024 and March 31, 2024: Outstanding (In USD) As at June 30, March 31, Unsecured promissory note $ 2,027,840 $ 2,027,840 Total 2,027,840 2,027,840 Prior to Merger in August 2022, the SPAC had issued an interest free Convertible Promissory Note to Ananda Small Business Trust with a principal amount for $2,027,840. The principal amount was repayable in 90 days (the ‘Maturity Date’) from the consummation date of the Business Combination by way of a Reverse Recapitalization. The principal balance could have been repaid at any time before the Maturity Date. The Note is also convertible at the option of the holder on the Maturity Date at a Conversion Price of $3.00 per share. The principal amount of the unsecured promissory note is still outstanding as on June 30, 2024 amounting to $2,027,840.

Senior Subordinated Convertible

Senior Subordinated Convertible Promissory Note (‘SSCPN’)	3 Months Ended
Senior Subordinated Convertible Promissory Note (‘SSCPN’)	Jun. 30, 2024
Senior Subordinated Convertible Promissory Note (‘SSCPN’) [Abstract]
Senior Subordinated Convertible Promissory Note (‘SSCPN’)	16 Senior Subordinated Convertible Promissory Note (’SSCPN’) The Company has raised $8,109,954 during the year ended March 31, 2023 and $13,175,027 during the year ended March 31, 2024 against SSCPN, Warrants and placement agents warrants. The terms and conditions are given below in note. During the year ended March 31, 2024, as a result of consummation of the Business Combination by way of a Reverse Recapitalization, the SSCPN outstanding were converted into 4,248,178 shares of the Company’s Common Stock. The Company had measured the SSCPN under the fair value option election of ASC 825 and were adjusted for their carrying value through Statement Of Operations up to the date of conversion on Reverse Recapitalization. On the date of Reverse Recapitalization, the carrying amounts of the SSCPN and Notes were credited to the capital accounts upon conversion. The loss on change in fair value of the SSCPN recorded was $ NIL As of June 30, 2024 and March 31, 2024, the principal balances and fair values of the SSCPN were $ NIL The warrants issued with the SSCPN were classified as derivative financial liabilities. The Company remeasured the Warrants at each balance sheet date to fair value. On the Closing Date of Reverse Recapitalization, the Warrants were reclassified to equity-classified common stock warrants. As a result, the Warrants were adjusted to fair value through Condensed Consolidated Statement Of Operations on reclassification which resulted in a gain of $6,571,082 for the year ended March 31, 2024. The carrying value was then adjusted in the additional paid-in capital. The term and conditions of the SSCPN, warrants issued with SSCPNs, and placement agent warrants issued during the year ended March 31, 2024 was as follows: Terms of SSCPN: The Notes carried a simple interest rate of 6% per annum, with a maturity term of two years from the date of the initial closing (i.e., March 23, 2023) (the ‘Maturity Date’). They embodied a variable- share obligation upon their conversion. The Notes issued by the Company were convertible into common stock at an aggregate price of principal, including interest accrued up to the date of conversion. The Notes were convertible either automatically or voluntarily into Common Stock of the Company. Since the SPAC merger was consummated prior to the maturity date, it was converted via automatic conversion route. As per the terms of automatic conversion immediately prior to the closing of the SPAC Merger, the outstanding principal amount of this Note and all accrued and unpaid interest on this Note that has accrued as of the date have been automatically converted into a number of fully paid common stock at the conversion price as defined in the agreement. Terms of Warrants issued with SSCPN : The warrants were exercisable from the completion of any event that results in the Company (or the surviving corporation) being subject to the reporting requirements of the Exchange Act, and its (or the surviving corporation’s capital stock) capital stock trading on a national securities exchange, OTC Markets or Pink Sheets (any of the foregoing, a “Public Event”). The warrants had an expiry of five years from the effective date of any Public Event. If the warrants were exercised prior to the automatic conversion of the SSCPN, the exercise price would have been a fixed amount, as defined in the agreement, divided by the number of shares of Common Stock outstanding on the date of Public Event. In case warrants were exercised concurrently with or following the automatic conversion of the SSCPN, exercise price is the amount equal to the conversion price. In case of recapitalization of the Company, any consolidation or merger of the Company with another corporation, shall be effected in a way that holders of Common Stock shall be entitled to receive stock, securities, or other assets or property (an “Organic Change”), then, as a condition of such Organic Change, that the Company would made adequate provisions whereby the Holder hereof shall have the right to adjust number of shares receivable on such event according to the conversion price determined for issuance of shares to other common stockholders. The Company's Warrants to purchase common stock were initially classified as a derivative liability ("Derivative financial instrument") which was then reclassified to equity on the Condensed Consolidated Balance Sheet for the year ended March 31, 2024. Warrants to SSCPN placement agent: The placement agent was compensated with a cash fee and was also issued agent warrants to purchase 10% of the shares of the Company capital stock issuable upon : a) Conversion of Notes at an exercise price equal to the conversion price of the Notes and b) Exercise of the warrants at an exercise price equal to the exercise price of the warrants. The terms of the warrants issued to the placement agents are similar to the warrants issued to the investors as mentioned above. In accordance with ASC 815-40, the warrants issuable to Placement agent on satisfaction of above contingencies are considered as issued and are accounted accordingly. These were accounted as per ASC 480 as liability since the Company intended to settle them by issuing variable number of shares with a fixed and known monetary value at the time of inception. These warrants were classified as a derivative liability (“derivative financial instrument”) on the Condensed Consolidated Balance Sheet and were held at fair value till the date of Reverse Recapitalization. On date of Reverse Recapitalization, these warrants were reclassified to equity.

Warrants Issued to Preferred St

Warrants Issued to Preferred Stockholders	3 Months Ended
Warrants Issued to Preferred Stockholders	Jun. 30, 2024
Warrants Issued to Preferred Stockholders [Abstract]
Warrants issued to preferred stockholders	17 Warrants issued to preferred stockholders As a result of the Reverse Recapitalization (see Note 3), the Company has retroactively adjusted the Zoomcar, Inc. warrants outstanding to give effect to the Exchange Ratio to determine the number of Company warrants that they were exchanged for. Warrants to be converted into common stock: The total outstanding warrants to be converted into common stock was 32,999,472 prior to the consummation of Business Combination by way of a Reverse Recapitalization on December 28, 2023. The Company’s warrants to purchase common stock were classified as equity. Upon issuance of the warrant, the Company allocated a portion of the proceeds from the issuance of its preferred stock to the warrant based on the relative fair values of warrants and preferred stock. Warrants to be converted into preferred stock: The total outstanding warrants to be converted into preferred stock was 3,502,040 prior to the consummation of the Business Combination by way of a Reverse Recapitalization on December 28, 2023. The Company’s warrants to purchase convertible preferred stock were classified as a liability and held at fair value because the warrants were exercisable for contingently redeemable preferred stock, which was classified outside of stockholders’ deficits. The convertible preferred stock warrant liability was subject to remeasurement at the end of each reporting period, and changes in the fair value of the warrant liability are reflected in the Company’s Condensed Consolidated Statement of Operations. See Note 32, Fair value measurements. Refer Note 16 for details on warrants issued along with SSCPN. 17 (a) Warrants related to the Reverse Recapitalization Public warrants Prior to the Reverse Recapitalization, the SPAC issued Public Warrants. The Company’s Public Warrants were classified as equity instruments, in accordance with ASC 815-40. On the Closing Date, there were 11,500,000 Public Warrants issued and outstanding. Private warrants The common stock, preferred stock and SSCPN warrants described above have been converted into private warrants of the Company at the Exchange Ratio. 17(b) Warrants issued along with Redeemable Promissory Note The Warrants issued along with the Redeemable Promissory Note are classified as equity instruments in accordance with ASC 815-40. As on June 30, 2024 and March 31, 2024, 55,826,272 and NIL Refer Note 14A for details on warrants issued along with Redeemable Promissory Note.

Unsecured Convertible Note (_At

Unsecured Convertible Note (‘Atalaya Note’)	3 Months Ended
Unsecured Convertible Note (‘Atalaya Note’)	Jun. 30, 2024
Unsecured Convertible Note (‘Atalaya Note’) [Abstract]
Unsecured Convertible Note (‘Atalaya Note’)	18 Unsecured Convertible Note (‘Atalaya Note’) The following is a summary of the Company’s Atalaya Note payable for which it elected fair value option as on June 30, 2024 and March 31, 2024: Fair Value Outstanding (In USD) As at June 30, March 31, Non current liability Atalaya Note $ - $ 10,067,601 Total - 10,067,601 Fair Value Outstanding (In USD) As at June 30, March 31, Current liability Atalaya Note $ 6,382,667 $ - Total 6,382,667 - The unsecured convertible notes were issued to ACM Zoomcar Convert LLC (“Atalaya”) for making payment of $1,231,368 against the outstanding unsecured promissory note and $6,570,642 to various vendors on behalf of the Company. All outstanding payments to vendors were recorded within accounts payable in the Condensed Consolidated Balance Sheet. Payments made by Atalaya to the vendors were recorded as a decrease in accounts payable and accrued liabilities. Further, Atalaya also made payment to the promissory note holder which were recorded as a decrease in Unsecured Promissory Note. The Atalaya Note were initially recorded at the fair value of $10,167,194 on issuance. The Atalaya Note was issued at 7.5% discount on principal amounting to $632,596. During the three months ended June 30, 2024, a part liability was settled by issue of 12,512,080 shares to the Atalaya Note holders for a settlement of $2,324,696. As of June 30, 2024 and March 31, 2024, the principal balance of the Atalaya Note was $8,434,605 (amount received $7,802,009). As of June 30, 2024 and March 31, 2024, the fair value of the Atalaya Note of $6,382,667 and $10,067,601, were recorded on the Condensed Consolidated Balance Sheet for their respective periods. The change in fair value of $1,360,238 and $ NIL The Company is liable to pay liquidated damages to the note holders, owing to breach of certain conditions as prescribed by the agreement. However, there is no visibility on the amount of such damages, henceforth, no provision has been booked for the same. Terms of notes In December 2023, the Company entered into a securities purchase agreement (the “Securities Purchase Agreement”) with ACM Zoomcar Convert LLC (the “Purchaser” or “Atalaya”) relating to an unsecured convertible note (the ‘Atalaya Note’), obligations under which after the Closing, a Convertible Note for $8,434,605 (the “Original Note Principal Amount”), in connection with certain transaction expenses associated with the Reverse Recapitalization that were incurred but paid at the Closing was issued. The Atalaya Note is subject to an original issue discount equal to 7.5% of the principal amount of the Note. The Atalaya Note bears an interest of 8%. Commencing at the end of the month in which Company’s Registration Statement, for registering the shares issued under Reverse Recapitalization, is declared effective, the Purchaser may, in its sole discretion, require the Company to pay the Purchaser, in monthly installments of amounts equal to one twelfth (1/12) of the Original Note Principal Amount, until the total principal amount of the Note has been paid in full, prior to or on the maturity date or, if earlier, upon acceleration, conversion or prepayment of the Note in accordance with its terms. Such monthly payments shall be made in cash or in shares of Common Stock, subject to certain further conditions set forth in the Atalaya Note. In connection with any monthly payments made in Common Stock, the number of shares required to be delivered by the Company shall be determined by dividing the monthly payment amount by the lower of (i) the Conversion Price or (ii) the Amortization Conversion Price (each as defined below). The Note Purchaser shall also have the right, to convert all or any portion of the Atalaya Note, at the Conversion Price, at the Amortization Conversion Price, up to an amount equal to 25% of the highest trading day value of shares of Common Stock on a daily basis during the 20 trading days preceding the applicable Conversion Date, or a greater amount upon obtaining the Company’s prior written consent. “Amortization Conversion Price” means the lower of (i) the Conversion Price, and (ii) a 7.5% discount to the lowest VWAP over the 20 trading days immediately preceding the applicable payment date or other date of determination, subject to the terms of the Note. The “Conversion Price” of the Atalaya Note, immediately after the Original Note Issuance Date is $10.00, provided, however, that Conversion Price is subject to adjustment under various circumstances, including in the event of a future issuance of Common Stock at a price that is lower than the then Conversion Price, and other circumstances, subject in all cases to a conversion floor price of $0.25 (the “Conversion Floor”), provided, that if the Conversion Price or the Amortization Conversion Price is lower than the Conversion Floor, the amount due to the holder of the Note upon an applicable Conversion Date shall be made in cash, in lieu of shares, unless otherwise agreed by the Note Purchaser and the Company. On May 22, 2024, the Company received a notice from Atalaya stating that the Company is in default of the terms of the Atalaya Note, since the Company has entered into an equity line arrangement with White Lion Capital LLC, a variable rate transaction, without the prior consent of Atalaya. Further, on June 25, 2024, the Company has received another notice of default from Atalaya as the Company has incurred indebtedness in the form of As per the terms of the Atalaya Note, in the event of any default, all accrued but unpaid Interest plus liquidated damages and other amounts thereof, shall become immediately due and payable in cash. The Company is in discussion with Atalaya on this matter to settle the same and therefore has classified all the payment due to Atalaya as current liability. Additionally, during the year ended March 31, 2024, 164,000 registered and unrestricted shares of Common Stock were issued and delivered to Midtown Madison Management LLC, the service provider of the Atalaya Note Purchaser. This was accounted at the fair value of the shares issued amounting to $492,000 in the Condensed Consolidated Statement of Operations.

Other Current Liabilities

Other Current Liabilities	3 Months Ended
Other Current Liabilities	Jun. 30, 2024
Other Current Liabilities [Abstract]
Other current liabilities	19 Other current liabilities The components of other current liabilities were as follows: (In USD) As at June 30, March 31, Payable to renters $ 597,479 $ 576,052 Statutory dues payable 1,540,944 1,550,688 Capital creditors 5,922 5,936 Employee benefit expenses payable 278,127 320,360 Other liabilities* 424,906 330,582 Other current liabilities 2,847,378 2,783,618 * Pertains to payables in relation to operating leases (Refer note 11). During the year ended March 31, 2024, security deposit amounting to $35,994 has been adjusted against outstanding balance with Siddharth Assets (lessor) in relation to the Golden Enclave property lease. During the period ended June 30, 2024, security deposit amounting to $47,875 has been adjusted against outstanding balance with Economic Transport Organisation Private Limited (lessor) in relation to the Golden Enclave property lease.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income/ (Loss)	3 Months Ended
Accumulated Other Comprehensive Income/ (Loss)	Jun. 30, 2024
Accumulated Other Comprehensive Income/ (Loss) [Abstract]
Accumulated other comprehensive income/ (loss)	20 Accumulated other comprehensive income/ (loss) The components of accumulated other comprehensive income/(loss) were as follows: (In USD) As at June 30, March 31, (Loss)/ Gain on employee benefit Balance, beginning of period $ 46,101 $ 115,818 (Loss)/gain on employee benefit - Gratuity Recognized during the period, net of taxes amounts to $NIL (63,511 ) (48,593 ) Reclassification to net income: Amortization losses/(gains) (1,679 ) (21,124 ) Balance, end of period (19,089 ) 46,101 Foreign currency translation adjustment Balance, beginning of period $ 1,749,891 $ 1,712,181 Translation adjustments gain recognized during the period, net of taxes amounts to $NIL 28,355 37,710 Balance, end of period 1,778,246 1,749,891 Accumulated other comprehensive income 1,759,157 1,795,992

Capital Stock

Capital Stock	3 Months Ended
Capital Stock	Jun. 30, 2024
Capital Stock [Abstract]
Capital Stock	21 Capital Stock Common stock capital On December 28, 2023, the Company consummated a Business Combination which was accounted for as a Reverse Recapitalization (refer Note 3 for additional information). The Company had 220,000,000 shares of Zoomcar, Inc. Common Stock authorized for issuance prior to the closing of the Reverse Recapitalization. Pursuant to the Company’s restated certificate of incorporation, the Company is authorized to issue 260,000,000 shares of capital stock, consisting of (a) 250,000,000 shares of Common Stock with a par value of $0.0001 per share, and (b) 10,000,000 shares of preferred stock with a par value of $0.0001 per share. As a result of the Reverse Recapitalization, 16,987,064 shares of Zoomcar, Inc. Common Stock, were converted into shares of the Company’s Common Stock at an Exchange Ratio of 0.0284. The holders of Common Stock are entitled to one vote per share on all matters submitted to the stockholders for their vote or approval. On all matters to be voted upon, holders of Common Stock and holders of Preferred Stock will vote together as a single class on all matters submitted to the stockholders for their vote or approval. As on the transaction Closing date, a) 27,327,481 shares were issued at an exchange ratio of 0.0284 in exchange for 16,987,064 shares of common stock and 112,660,583 shares of Preferred Stock of Zoomcar, Inc. Also, 9,192,377 shares of the Company were issued at a conversion ratio of 1:1 in exchange for 9,192,377 shares of the SPAC, b) 1,071,506 common shares were issued to Mohan Ananda against Ananda Note having outstanding principal and interest amount of $10,715,068 c) 1,666,666 common shares were issued to Mohan Ananda in exchange for cash consideration of $ 5,000,000 and d) 3,617,333 shares of common stock were issued to vendors as compensation for services received by the Company which includes 2,866,666 shares issued against liabilities assumed under Reverse Recapitalization amounting to $17,100,000. The Original Earnout Terms were modified pursuant to the terms and provisions set forth in the Post-Closing Amendment, effective immediately upon the adoption of the Post- Closing Amendment on December 29, 2023 resulting in distribution of 19,999,407 shares of common stock to the holders of common stock, preferred stock and holders of SSCPN of Zoomcar, Inc. as it became distributable to stockholders in accordance with the terms of the Merger Agreement. The holders of the Common Stock are entitled to receive dividends out of funds legally available therefore at such times and in such amounts as the Board of Directors may determine in its sole discretion. In the event of liquidation, dissolution, distribution of assets or winding up of the Company, whether voluntary or involuntary, after the payment or provision for payment of all debts and liabilities of the Company and any and all preferential amounts to which the holders of the Preferred Stock are entitled with respect to the distribution of the net assets of the Company in liquidation, the holders of Common Stock shall be entitled to share ratably in the remaining net assets of the Company available for distribution.

Preferred Stock

Preferred Stock	3 Months Ended
Preferred Stock	Jun. 30, 2024
Preferred Stock [Abstract]
Preferred Stock	22 (a) Preferred Stock A summary of the Zoomcar, Inc. Preferred Stock authorized, issued and outstanding as of the date of the Reverse Recapitalization is as follows: As at December 28, 2023 Authorized shares Shares Conversion Ratio Net carrying value Liquidation preference Preferred Stock Series Seed 6,836,726 6,836,726 1.42 1,542,203 1,542,203 Series A 11,379,405 11,379,405 2.00 9,288,872 9,288,872 Series A2 4,536,924 4,536,924 2.25 10,760,224 10,760,224 Series B 18,393,332 18,393,332 2.25 31,416,488 31,416,488 Series C 12,204,208 4,125,666 2.33 10,534,889 10,534,889 Series D 21,786,721 19,016,963 2.31 34,894,262 34,894,262 Series E 32,999,472 29,999,520 16.92 55,260,089 55,260,089 Series E1 32,000,000 5,020,879 23.69 15,277,410 15,277,410 Total preferred stock 140,136,788 99,309,415 168,974,437 168,974,437 Upon the closing of the Reverse Recapitalization, 112,660,583 shares of Zoomcar Inc. Series Seed, A, A2, B, C, D, E, and E-1 Preferred Stock were converted into Common Stock of the Company at the exchange ratio of 0.0284. Shares Authorized and Shares Issued above have been retroactively adjusted to reflect the exchange. As a result of the conversion of Zoomcar, Inc. convertible Preferred Stock, the Company reclassified the amount of convertible Preferred Stock to additional paid in capital above their par value. Upon the consummation of the Business Combination by way of a Reverse Recapitalization, the Company is authorized to issue 10,000,000 shares of Preferred Stock with a par value of $ 0.0001 per share. The Company has no Preferred Stock outstanding as of June 30, 2024 and March 31, 2024. 22 (b) Redeemable non-controlling interests Series P1 and P2 Preferred stock represents the minority preferred stockholders ownership in the Indian subsidiary of the Company, which was classified as a redeemable non- controlling interest, because it was redeemable on a deemed liquidation event that was outside of its control. The redeemable non-controlling interest was not accreted to redemption value because then it was not probable that the non-controlling interest will become redeemable. The Company did not attribute the pro rata share of the Indian subsidiary’s loss to the redeemable non-controlling interests because these shares were entitled to a liquidation There was no further issue of preferred stock in the Indian subsidiary after initial issuance and on the close of the Reverse Recapitalization, these Redeemable non-controlling interests have been converted into Common Stock of the Company at the Exchange Ratio of 0.0284.

Revenue

Revenue	3 Months Ended
Revenue	Jun. 30, 2024
Revenue [Abstract]
Revenue	23 Revenue The components of revenue, net were as follows: ( In USD) June 30, June 30, Revenues from services Facilitation revenue (net) $ 2,206,402 $ 2,614,618 Other operating revenues 34,583 - Total 2,240,985 2,614,618 June 30, June 30, Revenue by geographical location India $ 2,223,638 $ 2,573,882 Egypt 13,498 21,870 Vietnam - 18,204 Indonesia 3,849 662 2,240,985 2,614,618 Contract balances The Company’s contract liabilities for consideration collected prior to satisfying the performance obligations is $557,060 and $640,173 as at June 30, 2024 and March 31, 2024 respectively. The Company has collected $538,254 as advance from customers during the three months ended June 30, 2024. The Company offers loyalty program, Z-Points, that results in the deferral of revenue equivalent to the retail value at the date the points are earned. The Company had accumulated deferred revenue amounting to $18,806 and $96,710 as at June 30, 2024 and March 31, 2024, respectively in relation to Loyalty program. Revenue recognized during the three months ended June 30, 2024 and June 30, 2023 respectively which was included in contract liabilities balance at the beginning of the respective period is $269,376 and $41,016 respectively .

Finance Costs

Finance Costs	3 Months Ended
Finance Costs	Jun. 30, 2024
Finance Costs [Abstract]
Finance costs	24 Finance costs The components of finance costs were as follows: (In USD) June 30, June 30, Finance costs -other than related parties Interest on vehicle loans $ 76,166 $ 99,768 Interest on finance leases 136,043 161,119 Interest on subcontractor liability 23,416 23,778 Change in fair value of convertible promissory note - 420,022 Interest on redeemable promissory notes 146,762 - Change in fair value of SSCPN - 10,519,247 Note issue expenses - 1,038,622 Change in fair value of derivative financial instrument - 9,222,809 Bank charges 7,200 17,823 Other borrowings cost 161,416 17,370 Total 551,003 21,520,558 Finance costs -to related parties Interest on vehicle loans $ - $ 12,861 Total - 12,861

Other (Income) _Expense, Net

Other (Income) /Expense, Net	3 Months Ended
Other (Income) /Expense, Net	Jun. 30, 2024
Other (Income) /Expense, Net [Abstract]
Other (income) /expense, net	25 Other (income) /expense, net The components of other income (expense), net were as follows: (In USD) June 30, June 30, Other (income) /expense, net - other than related parties Interest income $ (10,125 ) $ (7,536 ) Change in fair value of preferred stock warrant liability - (245,143 ) Change in fair value of Atalaya Note (1,360,238 ) - (Gain)/loss on sale of property, plant & equipment (1,831 ) 66,540 (Gain)/loss on sale of assets held for sale (2,923 ) 5,018 Loss on foreign currency remeasurements 810 11,211 Loss on assets written off 93,684 - Other, net (113,369 ) (81,309 ) Total (1,393,992 ) (251,219 ) Other (income) - from related parties Interest income $ - $ (4,050 ) Total - (4,050 )

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Jun. 30, 2024
Income Taxes [Abstract]
Income taxes	26 Income taxes The components of (loss)/gain before income taxes consist of the following: (In USD) June 30, June 30, Domestic $ 280,978 (21,478,107 ) Foreign (2,812,557 ) (7,303,027 ) Income/(Loss) before income taxes $ (2,531,579 ) (28,781,134 ) The Company has computed income tax expense/(benefit) for the three months ended June 30, 2024 and June 30, 2023 by using a forecasted annual effective tax rate and adjust for any discrete items arising during the period. The Company has recorded $ NIL The Company files tax returns in the U.S. federal, various state, and foreign jurisdictions. In the normal course of business, the Company is subject to examination by tax authorities. Our major tax jurisdiction is in India. The Indian tax authority is currently examining our 2016 through 2022 tax returns. As at June 30, 2024, tax returns for years ended March 31, 2020 and onward remain subject to examination by tax authorities in India. There are other ongoing audits in various other jurisdictions that are not material to our financial statements. The Company has received various orders from Indian tax authorities, for details refer note 33.

Net Loss per Share

Net Loss per Share	3 Months Ended
Net Loss per Share	Jun. 30, 2024
Net Loss per Share [Abstract]
Net loss per share	27 Net loss per share The components of basic and diluted loss per share were as follows: (In USD, except loss per share) June 30, June 30, Net loss available for common shareholders (A) $ (2,531,579 ) $ (28,781,134 ) Weighted average outstanding shares of common stock (B) 68,512,629 482,814 Common stock and common stock equivalents (C) 68,512,629 482,814 Loss per share Basic (A/B) $ (0.04 ) $ (59.61 ) Diluted (A/C) $ (0.04 ) $ (59.61 ) Since the Company was in a loss position for the three months ended June 30, 2024 and June 30, 2023 basic loss per share was same as diluted net loss per share for the periods presented. The following potentially dilutive outstanding securities as of June 30, 2024 and June 30, 2023 were excluded from the computation of diluted loss per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period. As at June 30, June 30, Convertible preferred stock - 112,660,326 Preferred stock warrants - 36,501,508 Stock options 20,435 - SSCPN - 56,646,202 Public warrants 11,500,000 - Private warrants 44,704,437 - Derivative financial instruments - 10,096,760 Total 56,224,872 215,904,796

Employee Benefit Plans (Unfunde

Employee Benefit Plans (Unfunded)	3 Months Ended
Employee Benefit Plans (Unfunded)	Jun. 30, 2024
Employee Benefit Plans (Unfunded) [Abstract]
Employee benefit plans (unfunded)	28 Employee benefit plans (unfunded) Employee benefit plans includes gratuity and compensated absences payable to employees. These benefit plans consist a defined benefit plan for gratuity payable by the Indian subsidiary of the Company under Indian regulations. These are determined under the projected unit credit method, with actuarial valuations being carried out at each reporting date. The retirement benefit obligations recognized in the Condensed Consolidated Balance Sheet represents the present value of the defined obligations. Under an employee benefit plan, it is the Company’s obligation to provide agreed benefits to the employees. The related actuarial and investment risks fall on the Company. The summary of current and non-current employee benefit plans obligations along with its components are as below: Pension and other employee obligations As at June 30, March 31, Current Gratuity $ 90,470 $ 93,967 Compensated absences 83,472 89,688 173,942 183,655 Non current Gratuity 234,971 258,524 Compensated absences 191,465 232,925 Other statutory dues 2,040 - 428,476 491,449 I. Gratuity June 30, June 30, Changes in projected benefit obligation (PBO) PBO at the beginning of the year $ 352,492 $ 286,714 Service cost 19,552 29,083 Interest cost 5,283 5,069 Actuarial loss/ (gain) 63,511 74,078 Benefits paid (114,577 ) (21,770 ) Effect of exchange rate changes (820 ) 268 PBO at the end of the period 325,441 373,442 Accrued pension liability Current liability $ 90,470 $ 78,178 Non-current liability 234,971 295,264 325,441 373,442 Accumulated benefit obligation 250,374 259,947 Net gratuity cost recognized in income statement June 30, June 30, Service cost $ 19,552 $ 29,083 Interest cost 5,283 5,069 Amortization of net actuarial (gains)/loss (1,679 ) (5,322 ) Net periodic benefit cost 23,156 28,830 Re-measurement (gains) / losses in other comprehensive income June 30, June 30, Actuarial (gain)/loss $ 63,511 $ 74,078 Amortization loss (1,679 ) (5,322 ) Total 65,190 79,400 Components of actuarial gain: June 30, June 30, Actuarial (gain)/loss due to demographic assumption changes in defined benefit obligation $ (941 ) $ 9,239 Actuarial (gain)/ loss due to financial assumption changes in defined benefit obligation (677 ) 391 Actuarial (gain)/loss due to experience on defined benefit obligation 65,129 64,448 Total 63,511 74,078 The assumptions used in accounting for the gratuity plan are as follows: June 30, June 30, Discount rate - staff 7.13 % 7.26 % Discount rate - independent service provider* 7.09 % 7.13 % Attrition rate - staff 40.59 % 33.57 % Attrition rate - independent service provider* 79.88 % 75.09 % Rate of increase in compensation levels - staff 12.42 % 12.62 % Rate of increase in compensation levels - independent service provider* 11.94 % 11.43 % * Independent service provider are contract employees responsible for maintaining the fleet of the Company. During the period ended June 30, 2024 and June 30, 2023, actuarial gain was driven by changes in actuarial assumptions, offset by experience adjustments on present value of benefit obligations. The Company evaluates these assumptions annually based on its long-term plans of growth and industry standards. The discount rates are based on current market yields on government securities adjusted for a suitable risk premium. Expected benefit payments as of June 30, 2024 is as follows: Three months ending June 30, 2025 (July 1, 2024 till March 31, 2025) $ 67,853 2026 60,990 2027 41,213 2028 24,456 2029 14,908 Thereafter 116,020 Total 325,440 II. Compensated absences The employees are permitted to encash a maximum of 45 days of accumulated leave balance on separation. The Company has provided liability for compensated absences as per an actuarial valuation carried out by an independent actuary on the Balance Sheet date. The amount of compensated absences cost is $44,591 and $152,539 for the three ended June 30, 2024 and June 30, 2023 respectively. Net leave encashment cost includes the following components June 30, June 30, Service cost $ 35,244 $ 142,016 Interest cost 5,163 5,223 Recognized net actuarial loss 4,184 5,300 Net periodic benefit cost 44,591 152,539 III. Defined contribution plan The Indian subsidiary makes provident fund contributions which are defined contribution plans, for qualifying employees. Under the Schemes, the Indian subsidiary is required to contribute a specified percentage of the payroll costs to fund the benefits. The contributions are made to provident fund in accordance with the fund rules. The interest rate payable to the beneficiaries every year is notified by the Government. The amount of contributions made to provident fund is $93,412 and $112,330 for the three months ended June 30, 2024 and June 30, 2023 respectively.

Stock-Based Compensation Expens

Stock-Based Compensation Expense	3 Months Ended
Stock-Based Compensation Expense	Jun. 30, 2024
Stock-Based Compensation Expense [Abstract]
Stock-based Compensation expense	29 Stock-based compensation expense In 2012, the Company adopted its 2012 Equity Incentive Plan, under which the Company may grant options and restricted stock to eligible participants. The plan is equity settled. Options are generally granted for a term of ten years. Options have a graded vesting period of up to four years and the expenses are recorded on a straight-line basis over the requisite service period for each separately vesting portion of the awards. The Company settles employee stock- based options with newly issued common stock of the Company. The Company cancelled 14,808,486 options issued and outstanding during the year ended March 31, 2024. The remaining 719,167 fully vested options were assumed by the merged Company on Reverse Recapitalization, and the holders were issued the Company options at the Exchange Ratio. As of the Closing Date of the Reverse Recapitalization, the Company no longer has shares available for issuance under the 2012 Plan. No new awards has been be granted under the 2013 Plan following the adoption of the 2023 Equity Incentive Plan. In December 2023, prior to and in connection with the Merger, the Company adopted the 2023 Equity Incentive Plan, which provides for grants of share-based awards, including Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units (“RSUs”), and other forms of share-based awards. Stock options are generally granted for a term of ten years and have a graded vesting period of up to four years. The Company settles employee stock-based options with newly issued common stock of the Company. The Company has reserved 19,695,305 shares of common stock for the issuance of awards under the 2023 Plan. In addition, the number of shares of common stock reserved and available for issuance under the 2023 Plan will automatically increase on January 1 of each year for a period of ten years, beginning on January 1, 2024 and on each January 1 thereafter until January 1, 2033, by a number equal to (i) 3% of the issued and outstanding number of shares of common stock of the Company on the preceding December 31, or (ii) a lesser number of shares as approved by the Company’s board of directors. The following tables summarizes total stock-based compensation expense by function for the years ended June 30, 2024 and March 31, 2024: June 30, June 30, Cost of revenue $ - $ 67,509 Technology expenses - 41,824 Marketing expenses - 6,824 General and administrative expenses - 328,055 Total stock-based compensation expense - 444,212 The stock-based compensation expense is recorded in the employee benefit cost and apportioned basis respective functions. The fair value of options granted is estimated on the date of grant using the Black-Scholes-Merton option-pricing model using the weighted average assumptions. No grants were made during the three months ended June 30, 2024. The assumptions for the year ended June 30, 2023 are as follows: June 30, Dividend yield 0.00 Expected volatility 60.00 Risk-free interest rate 2.39-2.81% Exercise price $ 2.20 Expected life (in years) 5.5 - 7 Attrition rate 30.00 The movement in number of stock-based options outstanding and their related weighted average exercise price for the 2012 Equity Incentive Plan are as follows: Three months ended Three months ended June 30, 2024 June 30, 2023 No. of options Weighted No. of options Weighted Outstanding at the beginning of the year - $ - 16,258,113 $ 1.82 Granted during the year - - - Forfeited during the year - - (260,496 ) 2.05 Exercised during the year - - - Cancelled during the year - - - Transferred to merged Company - - - Outstanding at the end of the period - - 15,997,617 1.82 Exercisable at the end of the period - - 10,078,541 1.60 Unvested at the end of the period - - 5,919,077 2.20 Weighted average remaining life (in years) As at June 30, June 30, Vested options - 6.60 Unvested options - 8.24 The expected life of the stock is based on historical data and current expectations and is not necessarily indicative of exercise patterns that may occur. The expected volatility reflects the assumption that the historical volatility over a period similar to the life of the options is indicative of future trends, which may also not necessarily be the actual outcome. The compensation cost of non-vested awards not yet recognized as of June 30, 2024, is $ NIL

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	30 Related Party Transactions Key managerial personnel (KMP) Gregory Bradford Moran Chief Executive Officer & Director (till June 20, 2024) Uri Levine Director (till July 20, 2023) David Ishag Director (till January 31, 2024) Evelyn D’An Director (w.e.f. April 19, 2023) Graham Gullan Director (till June 18, 2024) Swatick Majumdar Director (w.e.f. August 9, 2023) Mohan Ananda Director (w.e.f. December 28, 2023) Madan Menon Director (w.e.f. December 28, 2023) Lisbeth McNabb Director (till April 18, 2023) John Robert Clarke Director (w.e.f. June 20, 2024) Mark Bailey Director (w.e.f. June 20, 2024) Investor in Indian subsidiary Mahindra & Mahindra Limited* Investor in Indian subsidiary (Until December 28, 2023) Enterprises owned or significantly influenced by above Mahindra & Mahindra Financial Services Limited* Mahindra First Choice Wheels Limited* Yard Management Services Limited* Ananda Small Business Trust Related party transactions pertaining to debt, investments, and other current liabilities have been stated on the face of the Condensed Consolidated Balance Sheet and Condensed Consolidated Statement of Operations. The Company had following transactions with related parties: June 30, June 30, Interest expense Mahindra & Mahindra Financial Services Limited* $ - 12,861 Interest income Mahindra & Mahindra Financial Services Limited* - 4,050 Debt - principal repayment Mahindra & Mahindra Financial Services Limited* - 32,534 Credit notes against sale of property and equipment Mahindra First Choice Wheels Ltd * - 3,165 The Company has the following outstanding balances with related parties: As at June 30, March 31, Convertible promissory note (non-current and current) Ananda Small Business Trust $ 2,027,840 $ 2,027,840 Payable to Director Mohan Ananda 152,435 152,435 Advance to director (net) Gregory Bradford Moran - 44,168 2,180,275 2,224,443 * Mahindra & Mahindra Financial Services Limited, Mahindra First Choice Wheels Limited and Yard Management Services Limited were related parties till December 28, 2023, hence, the transactions till December 28, 2023 with these related parties have been disclosed. The outstanding balances with these related parties have not been disclosed since they were not related parties as on March 31, 2024 and June 30, 2024.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
Variable Interest Entities	Jun. 30, 2024
Variable Interest Entities [Abstract]
Variable Interest Entities	31 Variable Interest Entities An entity is a VIE if it has any of the following characteristics: ● The entity does not have enough equity to finance its activities without additional subordinated financial support. ● The equity holders, as a group, lack the characteristics of a controlling financial interest. ● The entity is structured with non-substantive voting rights (i.e., an anti-abuse clause). We consolidate VIEs in which Company hold a variable interest and are the primary beneficiary. Company is the primary beneficiary because it has the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that potentially could be significant to the VIE and the right to receive benefits from the VIE that potentially could be significant to the VIE (benefits). As a result, we consolidate the assets and liabilities of these consolidated VIEs. The VIEs have been incorporated in their respective locations to perform the business of providing mobility solutions to consumers and businesses. The following table summarizes the assets and liabilities related to the Company’s consolidated VIEs: June 30, March 31, 2024 Assets Cash and Cash equivalents $ 5,729 $ 11,888 Accounts receivable - 7,341 Other current assets 405 3,868 Prepaid expenses - 4,282 Property and equipment, net - 41,849 Intangible assets, net 4,009 3,012 Long term Investments - 4,112 Receivable from government authorities -non current 3,914 18,126 Liabilities Accounts payable $ 380,490 $ 374,692 Contract Liabilities - 3,755 Current portion of pension and other employee obligations 377 986 Other current liabilities 151,059 148,950 Pension and other employee obligations, less current portion - 1,189 Total investment in the VIEs is as follows: Name of the VIE entity Place of incorporation Nature of investment Investor entity Investor entity Zoomcar Egypt Car Rental LLC Egypt Debt Zoomcar Netherlands Holdings Zoomcar Egypt Car Rental LLC Egypt Debt Zoomcar Inc. Zoomcar Inc. Fleet Mobility Philippines Corporation * Philippines Debt Zoomcar Inc. Zoomcar Inc. Zoomcar Vietnam Mobility LLC Vietnam Debt Fleet Holding Pte Ltd Fleet Holding Pte Ltd Zoomcar Vietnam Mobility LLC Vietnam Debt Zoomcar Inc. Zoomcar Inc. Zoomcar Vietnam Mobility LLC** Vietnam Equity Fleet Holding Pte Ltd Fleet Holding Pte Ltd These amounts have been eliminated during the process of consolidation * In May 2022, Company had initiated the process of winding-up for Fleet Mobility Philippines Corporation. The assets consolidated for the VIE are not material. ** In August 2023, Zoomcar Vietnam Mobility LLC has filed for bankruptcy with the local authorities. In accordance with ASC 810-10-15-10, the Company consolidate the VIE as the bankruptcy application is pending with the authorities in Vietnam and unless the application is admitted, the Company holds a variable interest and still is the primary beneficiary. The assets/liabilities consolidated for the VIE are not material. The VIEs included in Condensed Consolidated Financial Statements are separate legal entities and their assets are legally owned by them and are not available to the Company’s creditors or creditors of the Company’s other subsidiaries. Nature of, and changes (if any) in, the risks associated with a reporting entity’s involvement with the VIE In case of all the entities, the reporting entity is exposed to foreign currency exchange risk of the subsidiaries since the subsidiaries are incorporated in countries other than the country in which the reporting entity has been incorporated. Further, Zoomcar Netherlands Holding B.V has advanced loan to Zoomcar Egypt Car Rental LLC. Accordingly, Zoomcar Netherlands Holding B.V is exposed to the credit risk of Zoomcar Egypt Car Rental LLC.

Financial Instruments - Fair Va

Financial Instruments - Fair Value Measurements	3 Months Ended
Financial Instruments - Fair Value Measurements	Jun. 30, 2024
Financial Instruments - Fair Value Measurements [Abstract]
Financial Instruments - Fair Value Measurements	32 Financial Instruments - Fair Value Measurements ASC Topic 820, “Fair Value Measurements and Disclosures” (“ASC 820”) defines fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability as against assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk, including the Company’s own credit risk. The carrying value of financial instruments not carried at fair value by categories are as below: June 30, March 31, As at Carrying value Carrying value Financial assets Cash and cash equivalents $ 1,583,483 $ 1,496,144 Accounts receivable 164,463 194,197 Short term investments 17,288 298,495 Receivable from government authorities 507,896 445,828 Long term investments 75,107 91,947 Other financial assets 1,062,334 770,941 Total assets 3,410,571 3,297,552 Financial liabilities Accounts payable $ 15,656,990 $ 14,431,587 Debt 4,092,087 5,049,483 Redeemable Promissory Note 189,180 - Other financial liabilities 1,306,434 1,232,930 Total liabilities 21,244,691 20,714,000 The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis: June 30, 2024 Total Carrying value Level 1 Level 2 Level 3 Assets: Assets held for sale $ 626,715 $ - $ 626,715 $ - Liabilities: Atalaya Note 6,382,667 - - 6,382,667 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. The Company’s recurring Level 3 financial instruments within the Company’s fair value hierarchy as of June 30, 2024 and March 31, 2024 consist of Company’s Atalaya Note. Atalaya Note 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 Condensed Consolidated Statements of Operations and Comprehensive Loss. The Company used the following assumptions for the valuation of Atalaya Note as on June 30, 2024 in the model of Valuation of: Atalaya Remaining term (years) 0.75 Rate of interest 8.00 % Default Rate of interest 8.00 % Cost of Debt* 18.66 % * Cost of debt for commensurate term is considered as discount rate for cash payment. The assumptions for the valuation of Atalaya Note as on June 30, 2024 have been updated since the last valuation for the year ended March 31, 2024. Until March 31, 2024, the settlement of Atalaya Note could have been through either issue of shares or repayment of outstanding amount. During the three months period ended June 30, 2024, the stock price of the Company were reduced below $0.25 and in accordance with the agreement on the breach of this stock price threshold, the Atalaya Note are to be settled mandatorily in cash. The Company adopted discounted cash flow method to fair value the lability of Atalaya Note. The Company used the discount rate as per CCC+ bond i.e., 18.66% for discounting the future cash outflow. The changes in the fair value are summarized below: Preferred stock warrant liability Notes SSCPN Unsecured Convertible Note (‘Atalaya Note’) Derivative financial instrument (‘Warrants’) (Refer Note 17) Balance as of April 1, 2023 1,190,691 10,944,727 17,422,131 14,373,856 Issue of SSCPN and warrants 8,655,330 - - Change in fair value of convertible preferred stock warrant (245,143 ) - Change in fair value of SSCPN 10,519,247 Change in fair value of Notes 420,022 - Change in fair value of derivative financial instrument - 9,222,809 Balance as of June 30, 2023 945,548 11,364,749 36,596,708 - 23,596,665 Balance as of April 1, 2024 - - - 10,067,601 - Shares issued to Atalaya Note holders (2,324,696 ) Change in fair value of unsecured convertible note (1,360,238 ) Balance as of June 30, 2024 - - - 6,382,667 - During the three months ended June 30, 2024 and June 30, 2023 , there were no non-recurring fair value measure of assets or liabilities subsequent to initial recognition.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Commitments and Contingencies [Abstract]
Commitments and contingencies	33 Commitments and contingencies Contingencies (A) Claims filed against the Company by customers and third-parties not acknowledged as liability amounted to $4,493,881 and $4,565,949 as at June 30, 2024 and March 31, 2024, respectively. These claims have been made for personal injuries (customer and/or third parties) and amounts charged to customers by the Company as damages for improper use of vehicles and/or physical damages done to vehicles during an active trip. The Company has procured third- party insurance policies for fleet under its management which indemnifies against personal death and/or injuries suffered either by the customer or third- parties during the use of its vehicles. Based on the insurance coverage, the Company is confident that liability, if any, arising from these claims will be covered by the insurance. While uncertainties are inherent in the final outcome of these matters, the Company believes that the disposition of these proceedings will not have a material adverse effect on the Company’s financial position, results of operations or cash flows. (B) The Company has received various orders from time to time from Indian indirect tax authorities. The Company has received an order disallowing input credit taken on certain vehicles purchased for the period from July 2017 to July 2019 amounting to $547,292 (March 31, 2024: $548,635). The Company has made a deposit of $129,919 against this litigation. The Company received a show cause notice for service tax liability on booking fees and penalty charges collected for the period October 2014 to July 2017 amounting to $4,427,199 (March 31, 2024: $4,438,067). The Company has filed an appeal against the above orders before higher authority. The Company has received demand notice for $34,035 from Indian indirect tax authorities for the period April 2017 to September 2017 due to disallowance input tax credit. The Company has received show cause notice from Indian indirect tax authorities disputing the goods and service tax input availed and the rate of input availed amounting to $1,052,292 (March 31, 2024: $1,054,875). The Company has filed submissions and is awaiting further communication on the matter. The Company has received various show cause notices amounting to $3,279,638 from Indian indirect tax authorities for the period April 2017 to March 2021 due to disallowance of input tax credit. The Company has filed submissions for some of the matters and is in progress for filling replies for pending matters. The Company has received a show cause notice for $102,854 dispute in payment of GST dues. The Company has filed an appeal against the notice before higher authority. With respect to a show cause notice included above pertaining to FY 19-20, a notice has been received on July 31, 2024 reducing the total liability and imposing a penalty of 10% on the revised tax liability. However, as per the new Finance Bill, the penalty is not payable if the tax amount has been paid. Based on the submissions provided to the authorities and documents available, the Company is confident that no outflow is expected. Hence the Company has not recorded any provision as at June 30, 2024 and March 31, 2024 for the above matters. (C) As at June 30, 2024, there are 6,254 bookings in progress. The Company bears the risk of loss or damage to the host vehicle with respect to such bookings. The Company makes certain assumptions based on currently available information to estimate the trip protection reserves. A number of factors can affect the actual cost of a claim, including the length of time the claim remains open and the results of any related litigation. Furthermore, claims may emerge in future years for events that occurred in a prior year at a rate that differs from previous projections. (D) In February 2023, a former employee of Zoomcar India instituted a suit before the City Civil and Sessions Judge at Mayo Hall, Bengaluru against Zoomcar India, Zoomcar, Inc. and Zoomcar Holdings, Inc. (formerly IOAC) challenging his termination, claiming damages amounting to $406,086 and claiming that 100,000 options to purchase shares of Zoomcar, Inc. have vested. On March 3, 2023, the City Civil and Sessions Judge at Mayo Hall, Bengaluru, issued an interim injunction to restrain each of Zoomcar, Inc. and Zoomcar Holdings, Inc. from “alienating or dealing” the 100,000 shares of Zoomcar, Inc. claimed by the former employee while the suit is pending. Zoomcar believes that such claims are baseless and is attempting to have the interim order vacated. In addition, Zoomcar India filed an application in the former employee’s suit, seeking that Zoomcar Holdings, Inc. be deleted from the array of parties in the suit. (E) On January 30, 2024, the Company received a statement of arbitration claims involving warrant holders seeking damages of at least $10,000,000 purportedly arising from the alleged breaches of certain agreements between the Company and warrant holders. Additionally, the Claim requests additional amounts for attorneys’ fees and costs, as well as an order of rescission regarding the issuance of certain allegedly wrongfully dilutive shares of the Company’s stock issued in connection with the business combination or, alternatively, an order mandating a purportedly anti-dilutive issuance of additional shares of Zoomcar common stock to the warrant holders. The Court denied the temporary injunctive relief and passed an order to prevent issuance of securities to insiders and allowing Claimants to attach Company’s assets up to $3,500,000 if, and only if, located in New York. No further action has been taken as JAMS arbitration panel is yet to be appointed. The claimants have filed a case in New York County Supreme Court for seeking relief in aid of the arbitration claim to secure potential recovery. On June 18, 2024, the parties agreed to defer all further action with respect to the arbitration and associated litigation until June 18, 2025. Zoomcar is examining its legal options with respect to the Claim and the Court action. The Company believes that the claims are baseless and there was no breach of agreements as alleged. (F) In August 2022, the Company received a complaint and a demand for trial by jury from Randall Yanker (complainant) towards non-payment of performance bonus consideration based on the consulting agreement dated May 1, 2020. The Company had entered into an agreement with the complainant for a wide range of business development services towards the growth of the Company. The Company had terminated this agreement via an email communication to Randall Yanker on January 7, 2022 in line with the termination clause of the consulting agreement dated May 1, 2020. However, the complainant has filed a complaint seeking damages amounting to $15.9 million towards breach of contract claims, as well as costs, attorneys’ fees, and interest on the $15.9 million amount. The Company believes the claims in the complaint are baseless and violative of the applicable law. The Company has filed a motion to dismiss the case and is pending the Court’s consideration of the same. However, the Company believes the likelihood of payment of above damages is possible. The outcome of the above legal proceedings cannot be determined at this time, and there can be no assurance as to the ultimate resolution of these matters or the potential impact on the Company’s financial position, results of operations, or cash flows. The Company will continue to monitor these proceedings closely and provide updates as necessary in future financial disclosures. (G) Zoomcar Holdings, Inc. files tax returns in the U.S. federal, various state, and foreign jurisdictions. In the normal course of business, the Company is subject to examination by tax authorities. Our major tax jurisdiction is in India. The Indian tax authority is currently examining our 2016 through 2022 tax returns. As at March 31, 2024, tax returns for years ended March 31, 2020 and onward remain subject to examination by tax authorities in India. There are other ongoing audits in various other jurisdictions that are not material to our financial statements. The Company received an order for fiscal year 2015-16 in relation to non-deduction of tax deducted at source withholding taxes on certain payments to resident payees/service providers amounting to $128,712 (March 31, 2024: $129,027 ) including interest of $45,672 (March 31, 2024: $45,784). Penalty of $128,712 has been claimed but the proceedings are kept under abeyance until the above order is disposed off. The Company has received an order for disallowance of lease payment, interest and prior period expense for the fiscal year 2015-16 amounting to $1,156,269 (March 31, 2024: $1,159,108) and for fiscal year 2017-18 amounting to $2,111,872 (March 31, 2024: $2,123,071) for disallowance of lease payment and PF contribution. The Company has received a notice for fiscal year 2019-20 in relation to verification of expenses with regards to a service provider amounting to $23,937. The Company has received a notice for fiscal year 2019-20 proposing disallowance of $439,384 towards depreciation expense. The Company has filed appeals against the above orders before higher authority. The Company has not recognized any uncertain tax position for the period ended June 30, 2024 and year ended March 31, 2024, respectively. The Company believes these orders are unlikely to be sustained at the higher appellate authorities.

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent events	34 Subsequent events The Company has evaluated subsequent events, and determined that there have been no events that have occurred that would require adjustments to our disclosures in the Condensed Consolidated Financial Statements except for the following: (A) On July 22, 2024, the Company received a notice from the Listing Qualifications Department of Nasdaq, notifying the Company that, based on the market value of publicly held shares for the previous 30 consecutive business days, the listing of the Company’s listed securities was not in compliance with Nasdaq Listing Rule 5450(b)(2)(C) to maintain a minimum market value of publicly held shares of $15,000,000 (the “MVPHS Rule”). Under Nasdaq Listing Rule 5810(c)(3)(D), the Company has a period of 180 calendar days (or until January 21, 2025) to regain compliance with the MVPHS Rule. To regain compliance during this 180-day compliance period, the minimum market value of publicly held shares must close at $15,000,000 or more for a minimum of 10 consecutive business days. Nasdaq’s notice has no immediate effect on the listing of the Company’s Common Stock on the Nasdaq Global Market. In the event that the Company does not regain compliance with the MVPHS Rule prior to the expiration of the 180-day compliance period, the Company will receive written notification from Nasdaq that the Company’s securities are subject to delisting. At that time, the Company may appeal the relevant delisting determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules. If the Company does not regain compliance with the MVPHS Rule within the 180-day compliance period, it may transfer the listing of its securities to the Nasdaq Capital Market which has a reduced compliance standard under the MVPHS Rule, provided the Company will only be able to transfer the listing to the Nasdaq Capital Market if the Company then meets the continued listing requirements on the Nasdaq Capital Market. As of July 25, 2024, the Company does not meet the continued listing requirements of the Nasdaq Capital Market as the Company is not in compliance with the minimum bid price requirement of $1 per share or the minimum market value of listed securities requirement of $35,000,000. (B) On July 25, 2024, the Company has received a letter from Gregory Moran, a former Chief executive officer of the Company, challenging his termination. The Company is in discussion with legal advisors and Gregory Moran. (C) On August 2, 2024, Zoomcar India Private Limited received an order towards a petition filed by Siddharth Assets (lessor) in relation to the Golden Enclave property lease seeking interim measures until initiation of Arbitration proceedings towards payment of the outstanding liability along with 2% interest on the unpaid lease rentals for the period from October 2023 to March 2024. As per the Order, the Company is directed to furnish solvent security with respect to the outstanding amount till the commencement of Arbitration proceedings or for a period of three months from the date of this order whichever is earlier. (D) Subsequent to the Condensed Consolidated Balance Sheet date, the Company continues to default in making the payments for all outstanding balances owed to lease vendors and lenders as explained in Note 11 and 14 of Condensed Consolidated Financial Statements, respectively.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended
Pay vs Performance Disclosure - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (2,531,579)	$ (28,781,134)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
Accounting Policies, by Policy (Policies)	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	(a) Basis of presentation The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (US GAAP) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by US GAAP have been condensed or omitted. Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification (“ASC”) and an Accounting Standards Update (“ASU”) of the Financial Accounting Standards Board (“FASB”). The results of operations for the three months ended June 30, 2024, are not necessarily indicative of the results for the fiscal year ending March 31, 2025, or any future interim period. These Condensed Consolidated Financial Statements follow the same significant accounting policies as those included in the audited Consolidated Financial Statements of the Company for the year ended March 31, 2024. In the opinion of management, these Condensed Consolidated Financial Statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the Condensed Consolidated Financial position, results of operations, and cash flows for these interim periods. The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries and variable interest entities in which the Company is the primary beneficiary, including an entity in India and in other geographical locations. All intercompany accounts and transactions have been eliminated in the Condensed Consolidated Financial Statements herein.
Principles of consolidation	(b) Principles of consolidation The Condensed Consolidated Financial Statements include the accounts of Zoomcar Holdings, Inc. and of its wholly owned subsidiaries and Variable Interest Entities (“VIE”) in which the Company is the primary beneficiary, including an entity in India and in other geographical locations (collectively, the “Company”). The Company determines, at the inception of each arrangement, whether an entity in which it has made an investment or in which it has other variable interest is considered a VIE. The Company consolidates a VIE when it is the primary beneficiary. The primary beneficiary of a VIE is the party that meets both of the following criteria: i. has the power to direct the activities that most significantly affect the economic performance of the VIE; and ii. has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE. Periodically, the Company determines whether any changes in its interest or relationship with the entity impact the determination of whether the entity is still a VIE and, if so, whether the Company is the primary beneficiary. As at June 30, 2024, following are the list of subsidiaries and step-down subsidiaries: Name of Entity Place of Investor Entity Method of Zoomcar, Inc. USA Zoomcar Holdings, Inc. Voting Interest Zoomcar India Private Limited India Zoomcar, Inc. Voting Interest Zoomcar Netherlands Holding B. V Netherlands Zoomcar, Inc. Voting Interest Fleet Holding Pte ltd Singapore Zoomcar, Inc. Voting Interest PT Zoomcar Indonesia Mobility Service Indonesia Fleet Holding Pte ltd Voting Interest Fleet Mobility Philippines Corporation Philippines Zoomcar, Inc. Voting Interest Zoomcar Egypt Car Rental LLC Egypt Zoomcar Netherlands Holding VIE Zoomcar Vietnam Mobility LLC Vietnam Fleet Holding Pte ltd VIE In determining whether the VIE model was applicable to the subsidiaries the criteria prescribed under ASC 810 were examined as below: - The subsidiaries were incorporated as legal entities under the laws and regulations of the country in which they are incorporated. - The scope exemptions under ASC 810 were not applicable to the entities. - Zoomcar Holdings, Inc holds variable interest in all the subsidiaries by way of contribution towards equity and in the form of debt. - The entities are variable interest entities for Zoomcar Holdings, Inc since the legal entities do not have sufficient equity investment at risk and equity investors at risk. For the purpose of equity interests, the interests held by employees are also considered under ASC 810 since employees are considered as de-facto agents. Thus, Zoomcar Egypt Car Rental LLC, Fleet Mobility Philippines Corporation, and Zoomcar Vietnam Mobility LLC are considered as wholly owned subsidiaries of Zoomcar, Inc and step-down subsidiaries of Zoomcar Holdings, Inc Through the direct and indirect interest that Zoomcar Holdings, Inc. holds in the subsidiaries, Zoomcar Holdings, Inc. has the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and has the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. Accordingly, Zoomcar Holdings, Inc. is the primary beneficiary to Zoomcar Egypt Car Rental LLC and Zoomcar Vietnam Mobility LLC under the VIE model. Zoomcar, Inc., Zoomcar India Private Limited, Zoomcar Netherlands Holding B.V, Fleet Holding Pte Ltd and PT Zoomcar Indonesia Mobility Service are consolidated as per the voting interest model. On August 14, 2023, Zoomcar Vietnam Mobility LLC has voluntarily filed application for bankruptcy with the local authorities of Vietnam. In accordance with ASC 205-30, the liquidation of the VIE is imminent and thus the financial statements of VIE are prepared on a liquidation basis, which entails valuing assets at their estimated net realizable values and recording liabilities at their expected settlement amounts. Further, in accordance with ASC 810-10-15-10, the Company consolidate the VIE as the bankruptcy application is pending with the authorities in Vietnam and unless the application is admitted, the Company holds a variable interest and still is the primary beneficiary. The assets/liabilities consolidated for the VIE are not material.
Use of estimates and assumptions	(c) Use of estimates and assumptions The use of estimates and assumptions as determined by management is required in the preparation of the Condensed Consolidated Financial Statements in conformity with US GAAP. These estimates are based on management’s evaluation of historical trends and other information available when the Condensed Consolidated Financial Statements are prepared and may affect the amounts reported and related disclosures. Actual results could differ from those estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The significant estimates, judgments and assumptions that affect the Condensed Consolidated Financial Statements include, but are not limited to; are: a. Estimation of defined benefit obligation b. Estimation of useful lives and residual values of property, plant & equipment, and intangible assets c. Fair value measurement of financial instruments d. Fair value measurement of share based payments e. Leases – assumption to determine the incremental borrowing rate. f. Valuation allowance on deferred tax assets g. Estimation of utilization of balances with government authorities
Revenue recognition	(d) Revenue recognition During the three months ended June 30, 2024 and June 30, 2023, the Company derives its revenue principally from the following: Facilitation revenue (“Host services”) The Company launched its platform “Zoomcar Host Services” during the year ended March 2022. Zoomcar Host Services is a marketplace feature of the platform that helps owners of vehicles (“Hosts/ Customer/Lessors”) connect with users (“Renters/Lessee”) in temporary need of a vehicle on leasehold basis for their personal use. Facilitation Services revenue consists of facilitation fees charged to Hosts, net of incentives and refunds and trip protection charged to the Renters. The Company charges facilitation fees to its customers as a percentage of the value of the total booking, excluding taxes. The Company collects both the booking value on behalf of the Host and the trip protection charges from the renter. On a daily basis the Company, or its third-party payment processors, disburse the booking value to the host, less the fees due from the host to the Company. The amounts charged for trip fees for the Marketplace service vary based on factors such as the vehicle type, the day of the week, time of the trip, and the duration of the trip. Hence, the Company’s primary performance obligation in the transaction towards the Host is to facilitate the successful completion of the rental transaction and towards the renter is to offer trip protection. Customer support is rendered to both the Host (customer/lessor) and the renter (lessee). Company being the intermediary between the two provides its platform through which all communication takes place related to any services e.g., extension of trip period. Such services also include the normal customer support related to any vehicle breakdowns, tracking of vehicles, renter background checks, vehicle ownership checks and various other activities which are part of an ongoing set of series required for successful listing, renting and completion of trip. These activities are not distinct from each other and are not separate performance obligations. As a result, these series of services integrate together to form a single performance obligation. In case of booking value collected from the renter on behalf of the Host, the Company evaluates the presentation of revenue on a gross versus net basis based on whether or not it is the principal(gross) or the agent (net) in the transaction. The Company considers whether it controls the right to use the vehicle before control is transferred to the renter. Indicators of control that the Company considers include whether the Company is primarily responsible for fulfilling the promise associated with the booking of the vehicle, whether it has inventory risk associated with the vehicle, and whether it has discretion in establishing the prices for the vehicles booked. The Company determined that it does not establish pricing for vehicles listed on its platform and does not control the right to use the host’s vehicle at any time before, during, or after completion of a trip booked on the Company’s platform. Accordingly, the Company has concluded that it is acting in an agent capacity, and revenue is presented net reflecting the facilitation fees received from the Marketplace service. The customer simultaneously receives and consumes the benefits provided by the entity’s performance as the entity performs. Revenue is recognized ratably over the trip period. The Company recognizes facilitation revenue from these performance obligations on a straight-line basis over the duration of the rental trip using the output method as its performance obligation is satisfied over time. The Company uses the output method based on rental hours or days, where revenue is calculated based on the percentage of total time elapsed in relation to total estimated rental period. In the event a user books a trip extension, at the time the extension is booked, the service revenue is recognized on a straight-line basis over the duration of the extension period. The Company offers vehicle listing incentive programs to hosts. The incentives are recorded in accordance with ASC 606- 10-32-25 and ASC 606-10-32-27 as a reduction to revenue and in cases where the amount of incentive paid to the Host are above the facilitation fees earned from that Host on cumulative basis the excess of the revenue amount is recorded as a marketing expense in the Consolidated Statement of Operations. These incentives are offered as part of overall marketing strategy of the company and incentivize the hosts to refer the platform. No incentives were paid during the three months ended June 30, 2024. Loyalty program The Company offers loyalty program, Z-Points, wherein customers are eligible to earn loyalty points that are redeemable for payment towards facilitation fees. Under ASC 606, each transaction that generates loyalty points results in the deferral of revenue equivalent to the retail value at the date the points are earned. The associated revenue is recognized when the customer redeems the loyalty points at some time in future. The retail value of points is estimated based on the current retail value measured as of the date the loyalty points are earned, less an estimated amount representing loyalty points that are not expected to be redeemed (“breakage”). Breakage is reviewed on an annual basis and includes significant assumptions such as historical breakage trends, internal Company forecasts and extended redemption period, if any. As at June 30, 2024 and March 31, 2024, the Company’s deferred revenue balance amounted to $18,806 and $96,710 respectively. Contract liabilities Contract liabilities primarily consists of obligations to customers for advance received against bookings, revenue-share payable to customers for vehicles listed by them on Company’s portal for short-term rentals and related to Company’s points-based loyalty program.
Accounts receivable, net of allowance	(e) Accounts receivable, net of allowance Accounts receivables are stated net of allowances and primarily represent corporate debtors and dues from payment gateways for amounts paid by customers. In case of corporate debtors, the payment terms generally include a credit of 30-60 days. The amounts receivable from payment gateways are settled within 2 days. The Company records an allowance for credit losses for amounts owed for completed transactions that may never settle or be collected. The Company estimates its exposure to balances deemed to be uncollectible based on factors including known facts and circumstances, historical experience, and the age of the uncollected balances. Accounts receivable balances are written off against the allowance of credit losses after all means of collection has been exhausted and potential recovery is considered remote.
Other receivables	(f) Other receivables Other receivables include amounts recoverable from host. The receivable from host is adjusted for an allowance on account of host which are not active on the platform for more than 90 days.
Balances with government authorities – Input Tax Credit	(g) Balances with government authorities – Input Tax Credit Balances with government authorities represent the tax credit with government agencies which are recognized when the Company has performed the required services and when they meet the eligibility criteria outlined in the applicable government regulations. The input tax credits are related to Indian Goods and Service Tax (“GST”). These balances are classified based on their expected period of utilization of future GST credit and GST debit that comes from domestic purchases and sales of services, respectively. If the tax credits are expected to be utilized within twelve months from the reporting date, they are classified as current assets. If the tax credits are not expected to be utilized within twelve months from the reporting date, they are classified as non-current assets.
Assets held for sale	(h) Assets held for sale The Company classifies vehicles to be disposed of as held for sale in the period in which they are available for immediate sale in their present condition and the sale is probable and expected to be completed within one year. The Company initially measures assets held for sale at the lower of their carrying value or fair value less costs to sell and assesses their fair value annually until disposed. The fair value of Assets held for sale not traded in an active market is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an asset are observable, the Valuation is included in Level 2. The Company has a policy of disposing vehicles once it has crossed 120,000 kilometers (approx. 75,000 miles) in order to ensure that customer experience is maintained at a premium level. In addition, the Company also disposes vehicles early if it has met with accident and is no longer fit for use in the business once the insurance claims are realized on these vehicles. In case of certain vehicles which are not sold within one year from date of classification, the Company reassess the carrying value of the assets to adjust it for the realizable value.
Stock-based compensation	(i) Stock-based compensation The Company accounts for stock-based compensation expense in accordance with the fair value recognition and measurement provisions of US GAAP, which requires compensation cost for grant-date fair value of stock-based awards to be recognized over the requisite service period. The Company includes a forfeiture estimate in the amount of compensation expense being recognized based on the Company’s estimate of equity instruments that will eventually vest. The fair value of stock-based awards, granted or modified, is determined on the grant date at fair value, using appropriate valuation techniques. For stock options with service-based vesting conditions only, the valuation model, typically the Black-Scholes option-pricing model, incorporates various assumptions including expected stock price volatility, expected term, and risk-free rates. Stock options with graded vesting the fair- value-based measure is estimated of the entire award by using a single weighted-average expected term. The Company estimated the volatility of common stock on the date of the grant based on weighted-average historical stock price volatility of comparable publicly traded companies in its industry group. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant with a term equal to the expected term. The Company estimates the term based on the simplified method for employee stock options considered to be “plain vanilla” options as the Company’s historical share option exercise experience does not provide a reasonable basis upon which to estimate the expected term. The expected dividend yield is 0.0% as the Company has not paid and does not anticipate paying dividend on its common stock. The Company estimates a forfeiture rate on an annual basis for the purpose of computation of stock-based compensation expense. In case of cancellation of stock-based awards with no concurrent grant of a replacement award or other valuable consideration, any unrecognized compensation cost is recognized immediately on the cancellation date.
Debt	(j) Debt The debt instruments of the Company consist of debentures and term loans from financial institutions. The Company based on available proceeds makes periodic prepayments of scheduled instalments and the same has been accounted under ASC 470-50. Redeemable Promissory Notes During the period ended June 30, 2024, the Company has issued Redeemable Promissory Notes which are repayable at the principal value on maturity date and has been accounted for under ASC 470-10. The Company issued these Redeemable Promissory notes on discount and incurred expenses on issue of the Redeemable Promissory Notes. As per ASC 835, the discount and the expenses incurred on issue of the Redeemable Promissory Notes have been amortized over the period of the Redeemable Promissory note on a straight-line basis. The Redeemable Promissory Notes liabilities have been presented net off the discount and issue expenses. Debt Issuance costs Debt issuance costs consist primarily of arrangement fees paid to Placement agent, professional fees and legal fees. These costs are netted off with the related debt and are being amortized to interest expense over the term of the related. The debt has been classified into current or non-current based on the payment terms of the debt instruments. Non-current obligations are those scheduled to mature beyond twelve months from the date of the Company’s Condensed Consolidated Balance Sheet.
Warrants	(k) Warrants When the Company issues warrants, it evaluates the proper balance sheet classification of the warrant to determine whether the warrant should be classified as equity or as a derivative liability on the Condensed Consolidated Balance Sheets. In accordance with ASC 815- 40, Derivatives and Hedging- Contracts in the Entity’s Own Equity (ASC 815-40), the Company classifies a warrant as equity so long as it is “indexed to the Company’s equity” and several specific conditions for equity classification are met. A warrant is not considered indexed to the Company’s equity, in general, when it contains certain types of exercise contingencies or adjustments to exercise price. If a warrant is not indexed to the Company’s equity or it has net cash settlement that results in the warrants to be accounted for under ASC 480, Distinguishing Liabilities from Equity, or ASC 815-40, it is classified as a derivative liability which is carried on the Condensed Consolidated Balance Sheet at fair value with any changes in its fair value recognized currently in the Condensed Consolidated Statement of Operations. (a) During the three months ended June 30, 2024, the Company issued warrants along with Redeemable Promissory Note and as consideration to placement agents for the issuance of the Redeemable Promissory Note. These warrants were classified equity in accordance with ASC 815-40 since all the conditions required for equity classification are met. Upon issuance of the warrant, the Company had allocated a portion of the proceeds from the issuance of its Redeemable Promissory Note to the warrant based on the relative fair values of warrants and Redeemable Promissory Note in accordance with ASC 820. (b) During the year ended March 31, 2024, the Company issued warrants along with Senior Subordinated Convertible Promissory Note (“SSCPN)” and as consideration to placement agents for the issuance of SSCPN. These warrants were derivative in accordance with ASC 815-10-15-83 since they contained an underlying, had cash less payment provisions, that could have been net settled in shares and had a very minimal initial net investment. Accordingly, the derivatives were measured at fair value and subsequently revalued at each reporting date until the close of Reverse Recapitalization consummated during year ended March 31, 2024. (c) The Company also had preferred stocks and common stocks warrants issued during the year ended March 31, 2022, and were classified as liabilities and equity respectively, in the Condensed Consolidated Balance Sheet as of March 31, 2024 and June 30, 2024. Each unit of Series E preferred stock issued by the Company consisted of one Series E preferred stock and a warrant which entitled the holder to purchase one share of common stock of the Company on the satisfaction of certain conditions. Warrants were also issued to placement agencies of the Series E and Series E1 which included the following two categories: a) warrants to purchase common stock of the company; and b) warrants to purchase Series E and Series E1 shares. Warrants to be converted into common stock: The Company’s warrants to purchase common stock were classified as equity. Upon issuance of the warrant, the Company had allocated a portion of the proceeds from the issuance of its preferred stock to the warrant based on the relative fair values of warrants and preferred stock. Warrants to be converted into preferred stock (“Preferred stock warrant liability”): The Company’s warrants to purchase convertible preferred stock were classified as a liability and were held at fair value as the warrants were exercisable for contingently redeemable preferred stock, which was classified outside of stockholders’ deficit. The warrant instruments classified as liabilities were subject to re-measurement at each balance sheet date, and any change in fair value was recognized as a component of finance costs. The Company continued to adjust the liability classified warrant for changes in the fair value until the Reverse Recapitalization transaction at which time the warrants were reclassified to additional paid-in-capital.
Financial liabilities measured at fair value	(l) Financial liabilities measured at fair value Convertible Promissory notes (“Notes”), Senior Subordinated Convertible Promissory Note (“SSCPN”) and Unsecured Convertible Note (“Atalaya Note”) During the year ended March 31, 2024 the Company issued Notes and SSCPN. The Company evaluated the balance sheet classification for these instruments into debt or equity, and accounting for conversion feature. As per ASC 480-10-25-14, the Notes and SSCPN were classified as liabilities because the Company intended to settle them by issuing variable number of shares with a fixed and known monetary value at the time of inception. However, the Company had elected fair value option for these Notes and SSCPN, as discussed below and thus did not bifurcate the embedded conversion feature. Fair Value Option (“FVO”) Election The Company accounted for Notes and SSCPN under the fair value option election of ASC 825, Financial Instruments (“ASC-825”) as discussed below. The Notes and SSCPN accounted under the FVO election which were debt host financial instruments containing conversion features which otherwise would be required to be assessed for bifurcation from the debt-host and recognized as separate derivative liabilities subject to measurements under ASC 815. Notwithstanding, ASC 825-10-15-4 provides for the “fair value option” (“FVO”) election, to the extent not otherwise prohibited by ASC 825-10-15- 5, to be afforded to financial instruments, wherein bifurcation of an embedded derivative is not necessary, and the financial instrument is initially measured at its issue-date estimated fair value and then subsequently remeasured at estimated fair value on a recurring basis at each reporting period date. The estimated fair value adjustment, as required by ASC 825-10-45-5, was recognized as a component of other comprehensive income (“OCI”) with respect to the portion of the fair value adjustment attributed to a change in the instrument-specific credit risk, with the remaining amount of the fair value adjustment recognized under Finance costs shown as “Change in fair value of Notes” and “Change in fair value of SSCPN” in the accompanying Condensed Consolidated Statement of Operations. With respect to the above Notes and SSCPN, as provided for by ASC 825-10-50- 30(b), the estimated fair value adjustments were presented as a separate line item in the accompanying Condensed Consolidated Statement of Operations, since the change in fair value of the Notes and SSCPN payable were not attributable to instrument specific credit risk. During the year ended March 31, 2024, as a result of consummation of the Business Combination by way of Reverse Recapitalization, the Notes and SSCPN outstanding were converted into 5,975,686 shares of the Company’s Common Stock. The SSCPN and Notes were adjusted for their carrying value through Condensed Consolidated Statement of Operations as on date of Reverse Recapitalization and credited at carrying value to the capital accounts upon conversion to reflect the stock issued. During the year ended March 31, 2024, the Company issued an unsecured convertible note (“Atalaya Note) which had features similar to that of SSCPN and were accounted accordingly as enumerated above.
Net profit/(loss) per share attributable to common stockholders	(m) Net profit/(loss) per share attributable to common stockholders The Company computes net profit/(loss) per share using the two-class method required for participating securities. The two-class method requires income available to common stockholders for the period to be allocated between common stock and participating securities based upon their respective rights to receive dividends as if all the income for the period had been distributed. The Company’s convertible preferred stock is participating security. The holders of the convertible preferred stock would be entitled in preference to common shareholders, at specified rate, if declared. Then any remaining earnings would be distributed to the holders of common stock and convertible preferred stock on a pro-rata basis assuming conversion of all convertible preferred stock into common stock. This participating security do not contractually require the holders of such shares to participate in the Company’s losses. As such, net losses for the periods presented were not allocated to the Company’s participating securities. The Company’s basic profit/(loss) per share is computed using the weighted-average number of ordinary shares outstanding during the period. The diluted profit/(loss) per share is computed by considering the impact of potential issuance of common stock on the weighted average number of shares outstanding during the period, except where the results would be anti- dilutive.
Provisions and accrued expenses	(n) Provisions and accrued expenses. A provision is recognized in the Condensed Consolidated Balance Sheet when the Company has a present legal or constructive obligation as a result of a past event, and it is probable that an outflow of economic benefits will be required to settle the obligation. If the effect is material, provisions are recognized at present value by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money. Provisions for onerous contracts are recognized when the expected benefits to be derived by the Company from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established, the Company recognizes any impairment loss on the assets associated with that contract. The Company does not have any onerous contracts.
Fair value measurements and financial instruments	(o) Fair value measurements and financial instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In accordance with ASC 820, Fair Value Measurement (“ASC 820”), the Company uses the fair value hierarchy, which prioritizes the inputs used to measure fair value. The hierarchy, as defined below, gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of the fair value hierarchy are set forth below: Level 1 Observable inputs such as quoted prices in active markets for identical assets or liabilities. Level 2 Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities in active markets, quoted prices in markets that are not active or inputs other than the quoted prices that are observable either directly or indirectly for the full term of assets or liabilities. Level 3 Unobservable inputs in which there is little or no market data and that are significant to the fair value of the assets or liabilities. During the three months ended June 30, 2024, the Company’s primary financial instruments included cash and cash equivalents, investments, accounts receivables, other financial assets, accounts payable, debt, unsecured convertible note, redeemable promissory note and other financial liabilities. The estimated fair value of cash equivalents, accounts receivable, accounts payable, redeemable promissory note and accrued liabilities approximate their carrying value due to short-term maturities of these instruments.
Segment information	(p) Segment information Operating segments are defined as components of an entity for which discrete financial information is available and is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in making decisions regarding resource allocation and performance assessment. The Company’s CODM is its Board of Directors. The Company has determined it has one operating and reportable segment as the CODM reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance.
Recent Accounting Pronouncements	(q) Recent Accounting Pronouncements Accounting Pronouncement Adopted In July 2023, the FASB issued ASU 2023-03 - Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation— Stock Compensation (Topic 718). The ASU amends or supersedes various SEC paragraphs within the Codification to conform to past SEC announcements and guidance issued by the SEC. The ASU is effective immediately upon issuance and did not have a material impact on the Company’s Condensed Consolidated Financial Statements. Accounting Pronouncement Pending Adoption In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-07, “Segment Reporting (ASC 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. This update does not have any impact on the Company’s Condensed Consolidated Financial Statements. In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. ASU 2023-09 is effective for our annual periods beginning January 1, 2025, with early adoption permitted. We are currently evaluating the potential effect that the updated standard will have on our Condensed Consolidated Financial Statement disclosures. In March 2024, the FASB issued ASU 2024-02 Codification Improvements – Amendments to Remove References to the Concept Statements to provide amendments to the Codification that remove references to various FASB Concepts Statements. ASU 2024-02 is effective for our annual periods beginning December 15, 2024, with early adoption permitted. This update does not have any impact on the Company’s Condensed Consolidated Financial Statements. There are other new accounting pronouncements issued by the FASB that the Company has adopted or will adopt, as applicable, and the Company does not believe any of these accounting pronouncements have had, or will have, a material impact on its Condensed Consolidated Financial Statements or disclosures.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
Summary of Significant Accounting Policies (Tables)	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Schedule of Subsidiaries and Step-Down Subsidiaries	As at June 30, 2024, following are the list of subsidiaries and step-down subsidiaries: Name of Entity Place of Investor Entity Method of Zoomcar, Inc. USA Zoomcar Holdings, Inc. Voting Interest Zoomcar India Private Limited India Zoomcar, Inc. Voting Interest Zoomcar Netherlands Holding B. V Netherlands Zoomcar, Inc. Voting Interest Fleet Holding Pte ltd Singapore Zoomcar, Inc. Voting Interest PT Zoomcar Indonesia Mobility Service Indonesia Fleet Holding Pte ltd Voting Interest Fleet Mobility Philippines Corporation Philippines Zoomcar, Inc. Voting Interest Zoomcar Egypt Car Rental LLC Egypt Zoomcar Netherlands Holding VIE Zoomcar Vietnam Mobility LLC Vietnam Fleet Holding Pte ltd VIE

Reverse Recapitalization (Table

Reverse Recapitalization (Tables)	3 Months Ended
Reverse Recapitalization (Tables)	Jun. 30, 2024
Reverse Recapitalization [Abstract]
Schedule of Common Stock Outstanding	The number of common stock outstanding following the consummation of the Reverse Recapitalization are as follows: Particulars March 31, Conversion of Zoomcar, Inc. Common Stock and Preferred Stock outstanding prior to Reverse Recapitalization 27,327,481 Common stock – issuance to IOAC shareholders 9,192,377 Shares issued to Mohan Ananda 2,738,172 Other vendors 3,617,333 Total 42,875,363
Schedule of Zoomcar Inc Shares	The number of Zoomcar, Inc. shares was determined as follows: Particulars Zoomcar, Inc. Common shares Common shares 16,987,064 482,681 Preferred stock 99,309,415 21,842,458 Redeemable NCI - Shares of Zoomcar India Private Limited 10,848,308 754,169 Issue of common shares on conversion of SSCPN - 4,248,173 Total 27,327,481

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	3 Months Ended
Cash and Cash Equivalents (Tables)	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	The components of cash and cash equivalents were as follows: (In USD) As at June 30, March 31, Balances in bank accounts $ 1,582,221 $ 1,495,097 Cash 1,262 1,047 Cash and cash equivalents 1,583,483 1,496,144

Accounts Receivable, Net of A_2

Accounts Receivable, Net of Allowance for Doubtful Accounts (Tables)	3 Months Ended
	Jun. 30, 2024
Accounts Receivable, Net of Allowance for Doubtful Accounts [Abstract]
Schedule of Accounts Receivable	The components of accounts receivable were as follows: (In USD) As at June 30, March 31, Accounts receivable $ 178,203 $ 207,971 Allowance for credit losses (13,740 ) (13,774 ) Net accounts receivable 164,463 194,197

Balances with Government Auth_2

Balances with Government Authorities (Tables)	3 Months Ended
Balances with Government Authorities (Tables)	Jun. 30, 2024
Balances with Government Authorities [Abstract]
Schedule of Balances with Government Authorities	The components of balances with government authorities were as follows: (In USD) As at June 30, March 31, 2024 Current Goods and service tax receivable $ 4,343,872 $ 4,277,019 Less: Impairment* (3,839,890 ) (3,849,317 ) 503,982 427,702 Non current Other tax receivables $ 3,914 $ 18,126 3,914 18,126

Short Term Investments (Tables)

Short Term Investments (Tables)	3 Months Ended
Short Term Investments (Tables)	Jun. 30, 2024
Short Term Investments [Abstract]
Schedule of Short Term Investments	The components of short term investments were as follows: (In USD) As at June 30, March 31, Certificate of deposits* $ 17,288 $ 298,495 Short term investments 17,288 298,495 * In April 2024, Lease Plan India Private Limited invoked the bank guarantee provided as collateral during the restructuring process, resulting in the adjustment of a fixed deposit amounting to $127,609. As on June 30, 2024 and March 31, 2024, this has been adjusted against the outstanding liability of Lease Plan India Private Limited (Refer note 11).

Other Current Assets (Tables)

Other Current Assets (Tables)	3 Months Ended
Other Current Assets (Tables)	Jun. 30, 2024
Other Current Assets (Tables) [Line Items]
Schedule of Other Current Assets with Related Parties	The components of other current assets were as follows: (In USD) As at June 30, March 31, Security deposits $ 47,821 $ 98,813 Franchise tax refund receivable 84,490 84,490 Advance to employees 6,492 15,159 Receivables from car sale 90,023 90,244 Advance income taxes, net 9,182 9,094 Advance to suppliers 40,998 9,370 Other receivables 100,507 216,576 Other current assets 379,513 523,746
Related Party [Member]
Other Current Assets (Tables) [Line Items]
Schedule of Other Current Assets with Related Parties	The components of other current assets with related parties were as follows: (In USD) As at June 30, March 31, Advance to director $ - $ 44,168 Other current assets with related parties - 44,168

Assets Held for Sale (Tables)

Assets Held for Sale (Tables)	3 Months Ended
Assets Held for Sale (Tables)	Jun. 30, 2024
Assets Held for Sale [Abstract]
Schedule of Assets Held for Sale	The components of assets held for sale were as follows: (In USD) As at June 30, March 31, Vehicles $ 626,715 $ 629,908 Total assets held for sale 626,715 629,908

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
Property and Equipment, Net (Tables)	Jun. 30, 2024
Property and equipment, net [Abstract]
Schedule of Property and Equipment	The components of property and equipment were as follows: (In USD) As at Estimated useful life June 30, March 31, Devices 3 - 5 years $ 3,182,788 $ 3,274,998 Computer equipments 2 - 7 years 563,653 603,864 Office equipments 3 - 10 years 236,044 245,545 Furniture and fixtures 10 years 1,759 7,398 Total, at cost 3,984,244 4,131,805 Less: Accumulated depreciation (2,617,177 ) (2,572,825 ) 1,367,067 1,558,980 Vehicles, at cost $ 4,107,323 $ 4,117,406 Accumulated depreciation (4,107,323 ) (4,117,406 ) - - Total property and equipment, net 1,367,067 1,558,980

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Jun. 30, 2024
Leases [Abstract]
Schedule of Lease Expense	The components of lease expense were as follows: (In USD) Period ended June 30, March 31, Finance lease cost: Amortization of right-of-use assets $ - $ - Interest on lease liabilities 136,043 625,523 Operating lease cost 108,245 516,219 Short term lease cost 79,372 423,693 Total lease cost 323,660 1,565,435
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: (In USD) Period ended June 30, March 31, Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows for operating leases $ (103,266 ) $ (441,843 ) Financing cash outflows for finance leases - (526,959 ) Right-of-use assets obtained in exchange for lease obligations: Operating leases - - Finance leases - -
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: (In USD) Period ended June 30, March 31, Operating Leases Operating lease right-of-use assets $ 1,186,516 $ 1,290,608 Current operating lease liabilities $ 310,630 $ 365,542 Non current operating lease liabilities 961,766 1,009,681 Total operating lease liabilities 1,272,396 1,375,223 Finance Leases Property and equipment, at cost $ 5,909,049 $ 5,923,555 Accumulated depreciation (4,107,323 ) (4,117,406 ) Accumulated impairment (1,801,726 ) (1,806,149 ) Property and equipment, net - - Current finance lease liabilities $ 5,866,368 $ 5,738,239 Non current finance lease liabilities - - Total finance lease liabilities 5,866,368 5,738,239 Weighted Average Remaining Lease Term Operating leases 57 months 58 months Finance leases 27 months 30 months Weighted Average Discount Rate Operating leases 13.00 % 13.00 % Finance leases 9.00 % 9.00 %
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities are as follows: Three months ended Year ended June 30, 2024 March 31, 2024 Operating Finance Operating Finance 2025 $ 246,582 $ 6,459,810 $ 392,443 $ 6,475,668 2026 344,738 - 345,584 - 2027 361,497 - 362,385 - 2028 379,095 - 380,025 - 2029 397,572 - 398,548 - Total Lease Payments 1,729,484 6,459,810 1,878,985 6,475,668 Less : Imputed Interest 457,088 593,442 503,762 737,429 Total Lease Liabilities $ 1,272,396 $ 5,866,368 $ 1,375,223 $ 5,738,239

Investments (Tables)

Investments (Tables)	3 Months Ended
Investments (Tables)	Jun. 30, 2024
Investments [Abstract]
Schedule of Investments	The components of investments were as follows: (In USD) As at June 30, March 31, Long term investments Investments in certificate of deposits* $ 75,107 $ 91,947 75,107 91,947 * Investments includes certificate of deposits and interest accrued on the same.

Other Non-Current Assets (Table

Other Non-Current Assets (Tables)	3 Months Ended
Other Non-Current Assets (Tables)	Jun. 30, 2024
Other Non-Current Assets [Abstract]
Schedule of Other Non-Current Assets	The components of other non-current assets were as follows: (In USD) As at June 30, March 31, Security deposits* $ 360,024 $ 350,149 Receivables from car sale ** 457,467 458,590 Other non current assets 817,491 808,739 * (i) includes deposit amounting to $130,238 made as a pre deposit in court for Indian indirect tax appeal filed in FY 2021-22 and 2022-23 in the state of West Bengal and; (ii) $25,804 made as a deposit under protest for appeal filed for Income Tax litigation pertaining to FY 2015-16. (iii) During the year ended March 31, 2024, security deposit amounting to $35,994 has been adjusted against outstanding balance with Siddharth Assets (lessor) in relation to the Golden Enclave property lease. (iv) During the period ended June 30, 2024, security deposit amounting to $47,875 has been adjusted against outstanding balance with Economic Transport Organisation Private Limited (lessor) in relation to the Golden Enclave property lease. ** includes receivable amount from Dbest Cars India Private Limited (“Dbest”), pending arbitration after an initial court judgment in favor of the Company. The Company has handed over the No Objection Certificates for the sold vehicles to Dbest as per the court orders. The timeframe for actual receipt of fund is dependent on the completion of realization process with arbitration panel.

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Jun. 30, 2024
Debt [Abstract]
Schedule of Long Term and Short Term Debt	The components of long term and short term debt were as follows: (In USD) As at Effective interest rates Maturities* June 30, March 31, Current Non-convertible debentures - 7.7% Debentures - September 30, 2024 $ 334,727 $ 335,549 Term loans - from non-banking financial companies (NBFCs) - Mahindra & Mahindra Financial Services Limited September 30, 2024 602,346 873,924 - Cholamandalam Investment and Finance - - - - - TATA Motors Finance Limited 13.05 % May 31, 2027 2,254,635 2,187,128 - Kotak Mahindra Financial Services Limited 1.00 % February 28, 2025 348,732 348,599 - Nissan Renault Financial Services India Private Limited - - - - - Jain and Sons Services Limited - December 31, 2024 47,875 47,992 - Mercury Car Rentals Private Limited - September 30, 2024 215,437 249,560 - Orix Leasing and Financial Services India LTD 13.41 % March 31, 2025 161,761 156,370 - Clix Finance India Private Limited 6.32 % July 2, 2025 126,574 124,931 Financing arrangement with- - AON Premium Finance LLC 7.74 % September 28, 2024 - 725,430 4,092,087 5,049,483 * Maturities have been stated as per the respective agreements with the financiers. However, except for AON Premium Finance LLC due to non-payment of scheduled EMIs, the loans are immediately payable and are classified as current. These debts are not associated with any restrictive covenants.
Schedule of Total Maturity	Total maturity for the year ending on March 31, 4,092,087 2025 - 2026 - 2027 - 2028 - 2029 - Thereafter $ 4,092,087
Schedule of Redeemable Promissory Note Payable	The following is a summary of the Company’s redeemable promissory note payable as of June 30, 2024 and March 31, 2024: Outstanding (In USD) As at June 30, March 31, Redeemable promissory note $ 3,615,000 $ - Less: Discount ($2,647,925) and debt issuance cost ($909,657) on issuance, net of amortization (3,425,820 ) - Total 189,180 -

Convertible Promissory Note (_2

Convertible Promissory Note (‘Notes’) (Tables)	3 Months Ended
Convertible Promissory Note (‘Notes’) (Tables)	Jun. 30, 2024
Convertible Promissory Note (‘Notes’) [Abstract]
Schedule of Unsecured Promissory Note	The following is a summary of the Company’s unsecured promissory note payable as of June 30, 2024 and March 31, 2024: Outstanding (In USD) As at June 30, March 31, Unsecured promissory note $ 2,027,840 $ 2,027,840 Total 2,027,840 2,027,840

Unsecured Convertible Note (__2

Unsecured Convertible Note (‘Atalaya Note’) (Tables)	3 Months Ended
Unsecured Convertible Note (‘Atalaya Note’) (Tables)	Jun. 30, 2024
Unsecured Convertible Note (‘Atalaya Note’) [Abstract]
Schedule of Notes Payable	The following is a summary of the Company’s Atalaya Note payable for which it elected fair value option as on June 30, 2024 and March 31, 2024: Fair Value Outstanding (In USD) As at June 30, March 31, Non current liability Atalaya Note $ - $ 10,067,601 Total - 10,067,601 Fair Value Outstanding (In USD) As at June 30, March 31, Current liability Atalaya Note $ 6,382,667 $ - Total 6,382,667 -

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	3 Months Ended
Other Current Liabilities (Tables)	Jun. 30, 2024
Other Current Liabilities [Abstract]
Schedule of Other Current Liabilities	The components of other current liabilities were as follows: (In USD) As at June 30, March 31, Payable to renters $ 597,479 $ 576,052 Statutory dues payable 1,540,944 1,550,688 Capital creditors 5,922 5,936 Employee benefit expenses payable 278,127 320,360 Other liabilities* 424,906 330,582 Other current liabilities 2,847,378 2,783,618 * Pertains to payables in relation to operating leases (Refer note 11). During the year ended March 31, 2024, security deposit amounting to $35,994 has been adjusted against outstanding balance with Siddharth Assets (lessor) in relation to the Golden Enclave property lease. During the period ended June 30, 2024, security deposit amounting to $47,875 has been adjusted against outstanding balance with Economic Transport Organisation Private Limited (lessor) in relation to the Golden Enclave property lease.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income/ (Loss) (Tables)	3 Months Ended
Accumulated Other Comprehensive Income/ (Loss) (Tables)	Jun. 30, 2024
Accumulated Other Comprehensive Income/ (Loss) [Abstract]
Schedule of Accumulated Other Comprehensive Income/(Loss)	The components of accumulated other comprehensive income/(loss) were as follows: (In USD) As at June 30, March 31, (Loss)/ Gain on employee benefit Balance, beginning of period $ 46,101 $ 115,818 (Loss)/gain on employee benefit - Gratuity Recognized during the period, net of taxes amounts to $NIL (63,511 ) (48,593 ) Reclassification to net income: Amortization losses/(gains) (1,679 ) (21,124 ) Balance, end of period (19,089 ) 46,101 Foreign currency translation adjustment Balance, beginning of period $ 1,749,891 $ 1,712,181 Translation adjustments gain recognized during the period, net of taxes amounts to $NIL 28,355 37,710 Balance, end of period 1,778,246 1,749,891 Accumulated other comprehensive income 1,759,157 1,795,992

Preferred Stock (Tables)

Preferred Stock (Tables)	3 Months Ended
Preferred Stock (Tables)	Jun. 30, 2024
Preferred Stock [Abstract]
Schedule of Preferred Stock Authorized, Issued and Outstanding	A summary of the Zoomcar, Inc. Preferred Stock authorized, issued and outstanding as of the date of the Reverse Recapitalization is as follows: As at December 28, 2023 Authorized shares Shares Conversion Ratio Net carrying value Liquidation preference Preferred Stock Series Seed 6,836,726 6,836,726 1.42 1,542,203 1,542,203 Series A 11,379,405 11,379,405 2.00 9,288,872 9,288,872 Series A2 4,536,924 4,536,924 2.25 10,760,224 10,760,224 Series B 18,393,332 18,393,332 2.25 31,416,488 31,416,488 Series C 12,204,208 4,125,666 2.33 10,534,889 10,534,889 Series D 21,786,721 19,016,963 2.31 34,894,262 34,894,262 Series E 32,999,472 29,999,520 16.92 55,260,089 55,260,089 Series E1 32,000,000 5,020,879 23.69 15,277,410 15,277,410 Total preferred stock 140,136,788 99,309,415 168,974,437 168,974,437

Revenue (Tables)

Revenue (Tables)	3 Months Ended
Revenue (Tables)	Jun. 30, 2024
Revenue [Abstract]
Schedule of Components of Revenue, Net	The components of revenue, net were as follows: ( In USD) June 30, June 30, Revenues from services Facilitation revenue (net) $ 2,206,402 $ 2,614,618 Other operating revenues 34,583 - Total 2,240,985 2,614,618
Schedule of Revenue by Geographical Location	June 30, June 30, Revenue by geographical location India $ 2,223,638 $ 2,573,882 Egypt 13,498 21,870 Vietnam - 18,204 Indonesia 3,849 662 2,240,985 2,614,618

Finance Costs (Tables)

Finance Costs (Tables)	3 Months Ended
Finance Costs (Tables)	Jun. 30, 2024
Finance Costs [Abstract]
Schedule of Components of Finance Costs	The components of finance costs were as follows: (In USD) June 30, June 30, Finance costs -other than related parties Interest on vehicle loans $ 76,166 $ 99,768 Interest on finance leases 136,043 161,119 Interest on subcontractor liability 23,416 23,778 Change in fair value of convertible promissory note - 420,022 Interest on redeemable promissory notes 146,762 - Change in fair value of SSCPN - 10,519,247 Note issue expenses - 1,038,622 Change in fair value of derivative financial instrument - 9,222,809 Bank charges 7,200 17,823 Other borrowings cost 161,416 17,370 Total 551,003 21,520,558 Finance costs -to related parties Interest on vehicle loans $ - $ 12,861 Total - 12,861

Other (Income) _Expense, Net (T

Other (Income) /Expense, Net (Tables)	3 Months Ended
Other (Income) /Expense, Net (Tables)	Jun. 30, 2024
Other (Income) /Expense, Net [Abstract]
Schedule of Other Income (Expense), Net	The components of other income (expense), net were as follows: (In USD) June 30, June 30, Other (income) /expense, net - other than related parties Interest income $ (10,125 ) $ (7,536 ) Change in fair value of preferred stock warrant liability - (245,143 ) Change in fair value of Atalaya Note (1,360,238 ) - (Gain)/loss on sale of property, plant & equipment (1,831 ) 66,540 (Gain)/loss on sale of assets held for sale (2,923 ) 5,018 Loss on foreign currency remeasurements 810 11,211 Loss on assets written off 93,684 - Other, net (113,369 ) (81,309 ) Total (1,393,992 ) (251,219 ) Other (income) - from related parties Interest income $ - $ (4,050 ) Total - (4,050 )

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
Income Taxes (Tables)	Jun. 30, 2024
Income Taxes [Abstract]
Schedule of Components of (Loss)/Gain Before Income Taxes	The components of (loss)/gain before income taxes consist of the following: (In USD) June 30, June 30, Domestic $ 280,978 (21,478,107 ) Foreign (2,812,557 ) (7,303,027 ) Income/(Loss) before income taxes $ (2,531,579 ) (28,781,134 )

Net Loss per Share (Tables)

Net Loss per Share (Tables)	3 Months Ended
Net Loss per Share (Tables)	Jun. 30, 2024
Net Loss per Share [Abstract]
Schedule of Basic and Diluted Loss per Share	The components of basic and diluted loss per share were as follows: (In USD, except loss per share) June 30, June 30, Net loss available for common shareholders (A) $ (2,531,579 ) $ (28,781,134 ) Weighted average outstanding shares of common stock (B) 68,512,629 482,814 Common stock and common stock equivalents (C) 68,512,629 482,814 Loss per share Basic (A/B) $ (0.04 ) $ (59.61 ) Diluted (A/C) $ (0.04 ) $ (59.61 )
Schedule of Diluted Loss per Share Anti-Dilutive	The following potentially dilutive outstanding securities as of June 30, 2024 and June 30, 2023 were excluded from the computation of diluted loss per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period. As at June 30, June 30, Convertible preferred stock - 112,660,326 Preferred stock warrants - 36,501,508 Stock options 20,435 - SSCPN - 56,646,202 Public warrants 11,500,000 - Private warrants 44,704,437 - Derivative financial instruments - 10,096,760 Total 56,224,872 215,904,796

Employee Benefit Plans (Unfun_2

Employee Benefit Plans (Unfunded) (Tables)	3 Months Ended
Employee Benefit Plans (Unfunded) (Tables)	Jun. 30, 2024
Employee Benefit Plans (Unfunded) [Abstract]
Schedule of Current and Non Current Employee Benefit Plans Obligations	As at June 30, March 31, Current Gratuity $ 90,470 $ 93,967 Compensated absences 83,472 89,688 173,942 183,655 Non current Gratuity 234,971 258,524 Compensated absences 191,465 232,925 Other statutory dues 2,040 - 428,476 491,449
Schedule of Gratuity	June 30, June 30, Changes in projected benefit obligation (PBO) PBO at the beginning of the year $ 352,492 $ 286,714 Service cost 19,552 29,083 Interest cost 5,283 5,069 Actuarial loss/ (gain) 63,511 74,078 Benefits paid (114,577 ) (21,770 ) Effect of exchange rate changes (820 ) 268 PBO at the end of the period 325,441 373,442 Accrued pension liability Current liability $ 90,470 $ 78,178 Non-current liability 234,971 295,264 325,441 373,442 Accumulated benefit obligation 250,374 259,947
Schedule of Net Gratuity Cost Recognized in Income Statement	June 30, June 30, Service cost $ 19,552 $ 29,083 Interest cost 5,283 5,069 Amortization of net actuarial (gains)/loss (1,679 ) (5,322 ) Net periodic benefit cost 23,156 28,830
Schedule of Re-measurement (Gains) / Losses in Other Comprehensive Income	June 30, June 30, Actuarial (gain)/loss $ 63,511 $ 74,078 Amortization loss (1,679 ) (5,322 ) Total 65,190 79,400
Schedule of Components of Actuarial Gain	June 30, June 30, Actuarial (gain)/loss due to demographic assumption changes in defined benefit obligation $ (941 ) $ 9,239 Actuarial (gain)/ loss due to financial assumption changes in defined benefit obligation (677 ) 391 Actuarial (gain)/loss due to experience on defined benefit obligation 65,129 64,448 Total 63,511 74,078
Schedule of Assumptions used for Gratuity	The assumptions used in accounting for the gratuity plan are as follows: June 30, June 30, Discount rate - staff 7.13 % 7.26 % Discount rate - independent service provider* 7.09 % 7.13 % Attrition rate - staff 40.59 % 33.57 % Attrition rate - independent service provider* 79.88 % 75.09 % Rate of increase in compensation levels - staff 12.42 % 12.62 % Rate of increase in compensation levels - independent service provider* 11.94 % 11.43 % * Independent service provider are contract employees responsible for maintaining the fleet of the Company.
Schedule of Discount Rates Current Market Yields on Government Securities	Expected benefit payments as of June 30, 2024 is as follows: Three months ending June 30, 2025 (July 1, 2024 till March 31, 2025) $ 67,853 2026 60,990 2027 41,213 2028 24,456 2029 14,908 Thereafter 116,020 Total 325,440
Schedule of Net Leave Encashment Cost	June 30, June 30, Service cost $ 35,244 $ 142,016 Interest cost 5,163 5,223 Recognized net actuarial loss 4,184 5,300 Net periodic benefit cost 44,591 152,539

Stock-Based Compensation Expe_2

Stock-Based Compensation Expense (Tables)	3 Months Ended
Stock-Based Compensation Expense (Tables)	Jun. 30, 2024
Stock-Based Compensation Expense [Abstract]
Schedule of Stock-Based Compensation Expense	The following tables summarizes total stock-based compensation expense by function for the years ended June 30, 2024 and March 31, 2024: June 30, June 30, Cost of revenue $ - $ 67,509 Technology expenses - 41,824 Marketing expenses - 6,824 General and administrative expenses - 328,055 Total stock-based compensation expense - 444,212
Schedule of Fair Value of Options Granted is Estimated on the Date of Grant using the Black-Scholes-Merton Option-Pricing Model	The fair value of options granted is estimated on the date of grant using the Black-Scholes-Merton option-pricing model using the weighted average assumptions. No grants were made during the three months ended June 30, 2024. The assumptions for the year ended June 30, 2023 are as follows: June 30, Dividend yield 0.00 Expected volatility 60.00 Risk-free interest rate 2.39-2.81% Exercise price $ 2.20 Expected life (in years) 5.5 - 7 Attrition rate 30.00
Schedule of Stock-Based Options Outstanding and Weighted Average Exercise Price Equity Incentive Plan	The movement in number of stock-based options outstanding and their related weighted average exercise price for the 2012 Equity Incentive Plan are as follows: Three months ended Three months ended June 30, 2024 June 30, 2023 No. of options Weighted No. of options Weighted Outstanding at the beginning of the year - $ - 16,258,113 $ 1.82 Granted during the year - - - Forfeited during the year - - (260,496 ) 2.05 Exercised during the year - - - Cancelled during the year - - - Transferred to merged Company - - - Outstanding at the end of the period - - 15,997,617 1.82 Exercisable at the end of the period - - 10,078,541 1.60 Unvested at the end of the period - - 5,919,077 2.20
Schedule of Weighted Average Remaining Life (in Years)	Weighted average remaining life (in years) As at June 30, June 30, Vested options - 6.60 Unvested options - 8.24

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
Related Party Transactions (Tables)	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of Transactions with Related Parties	The Company had following transactions with related parties: June 30, June 30, Interest expense Mahindra & Mahindra Financial Services Limited* $ - 12,861 Interest income Mahindra & Mahindra Financial Services Limited* - 4,050 Debt - principal repayment Mahindra & Mahindra Financial Services Limited* - 32,534 Credit notes against sale of property and equipment Mahindra First Choice Wheels Ltd * - 3,165 * Mahindra & Mahindra Financial Services Limited, Mahindra First Choice Wheels Limited and Yard Management Services Limited were related parties till December 28, 2023, hence, the transactions till December 28, 2023 with these related parties have been disclosed. The outstanding balances with these related parties have not been disclosed since they were not related parties as on March 31, 2024 and June 30, 2024.
Schedule of Outstanding Balances with Related Parties	The Company has the following outstanding balances with related parties: As at June 30, March 31, Convertible promissory note (non-current and current) Ananda Small Business Trust $ 2,027,840 $ 2,027,840 Payable to Director Mohan Ananda 152,435 152,435 Advance to director (net) Gregory Bradford Moran - 44,168 2,180,275 2,224,443

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
Variable Interest Entities (Tables)	Jun. 30, 2024
Variable Interest Entities [Abstract]
Schedule of Summarizes the Assets and Liabilities	The following table summarizes the assets and liabilities related to the Company’s consolidated VIEs: June 30, March 31, 2024 Assets Cash and Cash equivalents $ 5,729 $ 11,888 Accounts receivable - 7,341 Other current assets 405 3,868 Prepaid expenses - 4,282 Property and equipment, net - 41,849 Intangible assets, net 4,009 3,012 Long term Investments - 4,112 Receivable from government authorities -non current 3,914 18,126 Liabilities Accounts payable $ 380,490 $ 374,692 Contract Liabilities - 3,755 Current portion of pension and other employee obligations 377 986 Other current liabilities 151,059 148,950 Pension and other employee obligations, less current portion - 1,189
Schedule of Total Investment	Total investment in the VIEs is as follows: Name of the VIE entity Place of incorporation Nature of investment Investor entity Investor entity Zoomcar Egypt Car Rental LLC Egypt Debt Zoomcar Netherlands Holdings Zoomcar Egypt Car Rental LLC Egypt Debt Zoomcar Inc. Zoomcar Inc. Fleet Mobility Philippines Corporation * Philippines Debt Zoomcar Inc. Zoomcar Inc. Zoomcar Vietnam Mobility LLC Vietnam Debt Fleet Holding Pte Ltd Fleet Holding Pte Ltd Zoomcar Vietnam Mobility LLC Vietnam Debt Zoomcar Inc. Zoomcar Inc. Zoomcar Vietnam Mobility LLC** Vietnam Equity Fleet Holding Pte Ltd Fleet Holding Pte Ltd * In May 2022, Company had initiated the process of winding-up for Fleet Mobility Philippines Corporation. The assets consolidated for the VIE are not material. ** In August 2023, Zoomcar Vietnam Mobility LLC has filed for bankruptcy with the local authorities. In accordance with ASC 810-10-15-10, the Company consolidate the VIE as the bankruptcy application is pending with the authorities in Vietnam and unless the application is admitted, the Company holds a variable interest and still is the primary beneficiary. The assets/liabilities consolidated for the VIE are not material.

Financial Instruments - Fair _2

Financial Instruments - Fair Value Measurements (Tables)	3 Months Ended
Financial Instruments - Fair Value Measurements (Tables)	Jun. 30, 2024
Financial Instruments - Fair Value Measurements (Tables) [Line Items]
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The carrying value of financial instruments not carried at fair value by categories are as below: June 30, March 31, As at Carrying value Carrying value Financial assets Cash and cash equivalents $ 1,583,483 $ 1,496,144 Accounts receivable 164,463 194,197 Short term investments 17,288 298,495 Receivable from government authorities 507,896 445,828 Long term investments 75,107 91,947 Other financial assets 1,062,334 770,941 Total assets 3,410,571 3,297,552 Financial liabilities Accounts payable $ 15,656,990 $ 14,431,587 Debt 4,092,087 5,049,483 Redeemable Promissory Note 189,180 - Other financial liabilities 1,306,434 1,232,930 Total liabilities 21,244,691 20,714,000
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis: June 30, 2024 Total Carrying value Level 1 Level 2 Level 3 Assets: Assets held for sale $ 626,715 $ - $ 626,715 $ - Liabilities: Atalaya Note 6,382,667 - - 6,382,667 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
Schedule of Changes in the Fair Value	The changes in the fair value are summarized below: Preferred stock warrant liability Notes SSCPN Unsecured Convertible Note (‘Atalaya Note’) Derivative financial instrument (‘Warrants’) (Refer Note 17) Balance as of April 1, 2023 1,190,691 10,944,727 17,422,131 14,373,856 Issue of SSCPN and warrants 8,655,330 - - Change in fair value of convertible preferred stock warrant (245,143 ) - Change in fair value of SSCPN 10,519,247 Change in fair value of Notes 420,022 - Change in fair value of derivative financial instrument - 9,222,809 Balance as of June 30, 2023 945,548 11,364,749 36,596,708 - 23,596,665 Balance as of April 1, 2024 - - - 10,067,601 - Shares issued to Atalaya Note holders (2,324,696 ) Change in fair value of unsecured convertible note (1,360,238 ) Balance as of June 30, 2024 - - - 6,382,667 -
Unsecured Convertible Note [Member]
Financial Instruments - Fair Value Measurements (Tables) [Line Items]
Schedule of Model Valuation Assumptions	The Company used the following assumptions for the valuation of Atalaya Note as on June 30, 2024 in the model of Valuation of: Atalaya Remaining term (years) 0.75 Rate of interest 8.00 % Default Rate of interest 8.00 % Cost of Debt* 18.66 % * Cost of debt for commensurate term is considered as discount rate for cash payment.

Organization, Business Operat_2

Organization, Business Operation and Going Concern (Details)	3 Months Ended
	Jun. 30, 2024 USD ($) $ / shares	Mar. 31, 2024 USD ($) $ / shares	Dec. 28, 2023 $ / shares
Organization, Business Operation and Going Concern [Line Items]
Common stock par value (in Dollars per share) \| $ / shares	$ 0.0001	$ 0.0001
Board of directors	five
Exchange ratio of reverse recapitalization	0.0284
Incurred net loss	$ 2,531,579
Cash used in operation	1,776,412
Accumulated deficit	(310,083,080)	$ (307,551,501)
Working capital	33,848,408
Private placement	$ 30,000,000
Board of Directors [Member]
Organization, Business Operation and Going Concern [Line Items]
Board of directors	two
Common Stock [Member]
Organization, Business Operation and Going Concern [Line Items]
Common stock par value (in Dollars per share) \| $ / shares	$ 0.0001		$ 0.0001

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	3 Months Ended
Summary of Significant Accounting Policies (Details)	Jun. 30, 2024 USD ($) shares	Jun. 30, 2024 Kilometers	Jun. 30, 2024 miles	Mar. 31, 2024 USD ($)
Summary of Significant Accounting Policies [Line Items]
Deferred revenue value \| $	$ 18,806			$ 96,710
Disposed vehicles crossed in kilometres		120,000	75,000
Expected dividend yield	0%
Senior Subordinated Convertible Promissory Note [Member]
Summary of Significant Accounting Policies [Line Items]
Debt conversion shares (in Shares) \| shares	5,975,686
Common Stock [Member]
Summary of Significant Accounting Policies [Line Items]
Expected dividend yield	0%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of Subsidiaries and Step-Down Subsidiaries	3 Months Ended
	Jun. 30, 2024
Zoomcar Inc [Member]
Schedule of Subsidiaries and Step-Down Subsidiaries [Line Items]
Name of Entity	Zoomcar, Inc.
Place of Incorporation	USA
Investor Entity	Zoomcar Holdings, Inc.
Method of consolidation	Voting Interest
Zoomcar India Private Limited [Member]
Schedule of Subsidiaries and Step-Down Subsidiaries [Line Items]
Name of Entity	Zoomcar India Private Limited
Place of Incorporation	India
Investor Entity	Zoomcar, Inc.
Method of consolidation	Voting Interest
Zoomcar Netherlands Holding B V [Member]
Schedule of Subsidiaries and Step-Down Subsidiaries [Line Items]
Name of Entity	Zoomcar Netherlands Holding B. V
Place of Incorporation	Netherlands
Investor Entity	Zoomcar, Inc.
Method of consolidation	Voting Interest
Fleet Holding Pte Ltd [Member]
Schedule of Subsidiaries and Step-Down Subsidiaries [Line Items]
Name of Entity	Fleet Holding Pte ltd
Place of Incorporation	Singapore
Investor Entity	Zoomcar, Inc.
Method of consolidation	Voting Interest
PT Zoomcar Indonesia Mobility Service [Member]
Schedule of Subsidiaries and Step-Down Subsidiaries [Line Items]
Name of Entity	PT Zoomcar Indonesia Mobility Service
Place of Incorporation	Indonesia
Investor Entity	Fleet Holding Pte ltd
Method of consolidation	Voting Interest
Fleet Mobility Philippines Corporation [Member]
Schedule of Subsidiaries and Step-Down Subsidiaries [Line Items]
Name of Entity	Fleet Mobility Philippines Corporation
Place of Incorporation	Philippines
Investor Entity	Zoomcar, Inc.
Method of consolidation	Voting Interest
Zoomcar Egypt Car Rental LLC [Member]
Schedule of Subsidiaries and Step-Down Subsidiaries [Line Items]
Name of Entity	Zoomcar Egypt Car Rental LLC
Place of Incorporation	Egypt
Investor Entity	Zoomcar Netherlands Holding
Method of consolidation	VIE
Zoomcar Vietnam Mobility LLC [Member]
Schedule of Subsidiaries and Step-Down Subsidiaries [Line Items]
Name of Entity	Zoomcar Vietnam Mobility LLC
Place of Incorporation	Vietnam
Investor Entity	Fleet Holding Pte ltd
Method of consolidation	VIE

Reverse Recapitalization (Detai

Reverse Recapitalization (Details)		3 Months Ended	12 Months Ended
Reverse Recapitalization (Details)	Dec. 19, 2023 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) $ / shares shares	Mar. 31, 2024 USD ($) $ / shares shares	Dec. 28, 2023 $ / shares
Reverse Recapitalization [Line Items]
Net proceeds of common stock		$ 5,770,630
Gross proceeds	$ 5,000,000	17,100,000
Transaction costs			$ 10,947,805
Reverse recapitalization		$ 17,100,000
Par value per share (in Dollars per share) \| $ / shares		$ 0.0001	$ 0.0001
Shares issued (in Shares) \| shares		20,000,000
Reverse recapitalization exchange ratio		0.0284
Warrant outstanding (in Shares) \| shares		11,500,000
Each warrant (in Shares) \| shares		1
Exercise price (in Dollars per share) \| $ / shares		$ 5.71
Ordinary shares issued (in Shares) \| shares			9,192,377
Share issued price per shares (in Dollars per share) \| $ / shares	$ 3
Common Stock [Member]
Reverse Recapitalization [Line Items]
Convertible share (in Shares) \| shares		1
Par value per share (in Dollars per share) \| $ / shares		$ 0.0001		$ 0.0001
Ordinary shares issued (in Shares) \| shares		2,866,666
Class A Ordinary Shares [Member]
Reverse Recapitalization [Line Items]
Ordinary shares issued (in Shares) \| shares	1,666,666
Zoomcar Inc [Member]
Reverse Recapitalization [Line Items]
Assumed liabilities		$ 21,499,578
Gross proceeds		4,804,482
Unsecured promissory notes		3,259,208
Reverse recapitalization		$ 392,725

Reverse Recapitalization (Det_2

Reverse Recapitalization (Details) - Schedule of Common Stock Outstanding	12 Months Ended
	Mar. 31, 2024 shares
Schedule of Common Stock Outstanding [Abstract]
Conversion of Zoomcar, Inc. Common Stock and Preferred Stock outstanding prior to Reverse Recapitalization	27,327,481
Common stock – issuance to IOAC shareholders	9,192,377
Shares issued to Mohan Ananda	2,738,172
Other vendors	3,617,333
Total	42,875,363

Reverse Recapitalization (Det_3

Reverse Recapitalization (Details) - Schedule of Zoomcar Inc Shares	3 Months Ended
	Jun. 30, 2024 shares
Zoomcar, Inc. Shares [Member]
Schedule of Zoomcar Inc Shares [Line Items]
Common shares	16,987,064
Preferred stock	99,309,415
Redeemable NCI - Shares of Zoomcar India Private Limited	10,848,308
Issue of common shares on conversion of SSCPN
Common shares issued to shareholders of Zoomcar, Inc. [Member]
Schedule of Zoomcar Inc Shares [Line Items]
Common shares	482,681
Preferred stock	21,842,458
Redeemable NCI - Shares of Zoomcar India Private Limited	754,169
Issue of common shares on conversion of SSCPN	4,248,173
Total	27,327,481

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) - Schedule of Cash and Cash Equivalents - USD ($)	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023
Schedule of Cash and Cash Equivalents [Abstract]
Balances in bank accounts	$ 1,582,221	$ 1,495,097
Cash	1,262	1,047
Cash and cash equivalents	$ 1,583,483	$ 1,496,144	$ 4,074,164

Accounts Receivable, Net of A_3

Accounts Receivable, Net of Allowance for Doubtful Accounts (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Accounts Receivable, Net of Allowance for Doubtful Accounts [Abstract]
Allowance amount		$ 13,774

Accounts Receivable, Net of A_4

Accounts Receivable, Net of Allowance for Doubtful Accounts (Details) - Schedule of Accounts Receivable - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Schedule of Accounts Receivable [Abstract]
Accounts receivable	$ 178,203	$ 207,971
Allowance for credit losses	(13,740)	(13,774)
Net accounts receivable	$ 164,463	$ 194,197

Balances with Government Auth_3

Balances with Government Authorities (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Balances with Government Authorities [Abstract]
Impairment of tax credits		$ (3,849,317)
Impairment amounts	$ 3,839,890	$ 3,849,317

Balances with Government Auth_4

Balances with Government Authorities (Details) - Schedule of Balances with Government Authorities - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Current
Goods and service tax receivable Non current	$ 4,343,872	$ 4,277,019
Less: Impairment	(3,839,890)	(3,849,317)
Balances with government authorities	503,982	427,702
Non current
Other tax receivables	3,914	18,126
Balances with government authorities non current	$ 3,914	$ 18,126

Short Term Investments (Details

Short Term Investments (Details)	Apr. 30, 2024 USD ($)
Short Term Investments [Abstract]
Fixed deposit	$ 127,609

Short Term Investments (Detai_2

Short Term Investments (Details) - Schedule of Short Term Investments - USD ($)		Jun. 30, 2024	Mar. 31, 2024
Schedule of Short Term Investments [Abstract]
Certificate of deposits	[1]	$ 17,288	$ 298,495
Short term investments		$ 17,288	$ 298,495

[1]In April 2024, Lease Plan India Private Limited invoked the bank guarantee provided as collateral during the restructuring process, resulting in the adjustment of a fixed deposit amounting to $127,609. As on June 30, 2024 and March 31, 2024, this has been adjusted against the outstanding liability of Lease Plan India Private Limited (Refer note 11).

Other Current Assets (Details)

Other Current Assets (Details) - Schedule of Other Current Assets - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Schedule of Other Current Assets [Abstract]
Security deposits	$ 47,821	$ 98,813
Franchise tax refund receivable	84,490	84,490
Advance to employees	6,492	15,159
Receivables from car sale	90,023	90,244
Advance income taxes, net	9,182	9,094
Advance to suppliers	40,998	9,370
Other receivables	100,507	216,576
Other current assets	$ 379,513	$ 523,746

Other Current Assets (Details_2

Other Current Assets (Details) - Schedule of Other Current Assets with Related Parties - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Schedule of Other Current Assets with Related Parties [Abstract]
Advance to director		$ 44,168
Other current assets with related parties		$ 44,168

Assets Held for Sale (Details)

Assets Held for Sale (Details) - USD ($)	3 Months Ended
Assets Held for Sale (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Assets Held for Sale [Abstract]
Gain loss on vehicles held for sale.	$ 2,923	$ 39,856

Assets Held for Sale (Details)

Assets Held for Sale (Details) - Schedule of Assets Held for Sale - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Schedule of Assets Held for Sale [Abstract]
Vehicles	$ 626,715	$ 629,908
Total assets held for sale	$ 626,715	$ 629,908

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($)	3 Months Ended
Property and Equipment, Net (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Property and equipment, net [Abstract]
Depreciation expense	$ 112,348	$ 255,481
Depreciation expense under cost of revenue	74,873	208,935
General and administrative expenses	$ 37,475	$ 46,546

Property and Equipment, Net (_2

Property and Equipment, Net (Details) - Schedule of Property and Equipment - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3,984,244	$ 4,131,805
Less: Accumulated depreciation	(2,617,177)	(2,572,825)
Total property and equipment, net	1,367,067	1,558,980
Accumulated depreciation	(4,107,323)	(4,117,406)
Devices [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,182,788	3,274,998
Computer equipments [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	563,653	603,864
Office equipments [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 236,044	245,545
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Property and equipment, gross	$ 1,759	7,398
Vehicles, at cost [Member]
Property, Plant and Equipment [Line Items]
Vehicles, at cost	$ 4,107,323	$ 4,117,406
Minimum [Member] \| Devices [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Minimum [Member] \| Computer equipments [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Minimum [Member] \| Office equipments [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Maximum [Member] \| Devices [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Maximum [Member] \| Computer equipments [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Maximum [Member] \| Office equipments [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years

Leases (Details)

Leases (Details) ₨ in Millions	3 Months Ended
Leases (Details) ₨ in Millions	Jun. 30, 2024 USD ($)	Jun. 30, 2024 INR (₨)	Mar. 31, 2024 USD ($)
Leases [Line Items]
Lease liability	$ 362,654		$ 363,545
Lease commitment	$ 5,686,946
EMI interest rate	1%	1%
EMI overdue amount	$ 51,662
Interest on unpaid overdue	1.50%	1.50%
Overdue unpaid term of contract	60 days	60 days
Withdrawal debt payable	$ 1,200,000	₨ 10
Interest rate on due and payable	1.50%	1.50%
Fixed deposit	$ 130,238		127,296
Conditional waiver	$ 1,200,000
Interest charge	15%	15%
Security deposit	$ 47,875		$ 35,994
Leaseplan India Private Limited [Member]
Leases [Line Items]
Lease rental	1,299,172
Fixed deposit	127,296
Security deposit	47,875
Economic Transport Organisation Private Limited [Member]
Leases [Line Items]
Outstanding liability	$ 21,797
Minimum [Member]
Leases [Line Items]
Lease term of operating leases	3 years
Maximum [Member]
Leases [Line Items]
Lease term of finance leases	7 years

Leases (Details) - Schedule of

Leases (Details) - Schedule of Lease Expense - USD ($)	3 Months Ended	12 Months Ended
Leases (Details) - Schedule of Lease Expense - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Finance lease cost:
Amortization of right-of-use assets
Interest on lease liabilities	136,043	625,523
Operating lease cost	108,245	516,219
Short term lease cost	79,372	423,693
Total lease cost	$ 323,660	$ 1,565,435

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of Supplemental Cash Flow Information Related to Leases - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	$ (103,266)	$ (441,843)
Financing cash outflows for finance leases		(526,959)
Operating leases
Finance leases

Leases (Details) - Schedule o_3

Leases (Details) - Schedule of Supplemental Balance Sheet Information Related to Leases - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Operating Leases
Operating lease right-of-use assets	$ 1,186,516	$ 1,290,608
Current operating lease liabilities	310,630	365,542
Non current operating lease liabilities	961,766	1,009,681
Total operating lease liabilities	1,272,396	1,375,223
Finance Leases
Property and equipment, at cost	5,909,049	5,923,555
Accumulated depreciation	(4,107,323)	(4,117,406)
Accumulated impairment	(1,801,726)	(1,806,149)
Property and equipment, net
Current finance lease liabilities	5,866,368	5,738,239
Non current finance lease liabilities
Total finance lease liabilities	$ 5,866,368	$ 5,738,239
Weighted Average Remaining Lease Term
Operating leases	57 months	58 months
Finance leases	27 months	30 months
Weighted Average Discount Rate
Operating leases	13%	13%
Finance leases	9%	9%

Leases (Details) - Schedule o_4

Leases (Details) - Schedule of Maturities of Lease Liabilities - USD ($)	Jun. 30, 2024	Mar. 31, 2023
Operating Leases [Member]
Schedule of Maturities of Lease Liabilities [Line Items]
2025	$ 246,582	$ 392,443
2026	344,738	345,584
2027	361,497	362,385
2028	379,095	380,025
2029	397,572	398,548
Total Lease Payments	1,729,484	1,878,985
Less : Imputed Interest	457,088	503,762
Total operating lease liabilities	1,272,396	1,375,223
Finance Leases [Member]
Schedule of Maturities of Lease Liabilities [Line Items]
2025	6,459,810	6,475,668
2026
2027
2028
2029
Total Lease Payments	6,459,810	6,475,668
Less : Imputed Interest	593,442	737,429
Total finance lease liabilities	$ 5,866,368	$ 5,738,239

Investments (Details) - Schedul

Investments (Details) - Schedule of Investments - USD ($)		Jun. 30, 2024	Mar. 31, 2023
Schedule of Equity Method Investments [Line Items]
Long term investments		$ 75,107	$ 91,947
Certificate of deposits [Member]
Schedule of Equity Method Investments [Line Items]
Long term investments	[1]	$ 75,107	$ 91,947

[1]Investments includes certificate of deposits and interest accrued on the same.

Other Non-Current Assets (Detai

Other Non-Current Assets (Details) - USD ($)	3 Months Ended	12 Months Ended
Other Non-Current Assets (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Other Non-Current Assets [Abstract]
Deposit	$ 130,238	$ 127,296
Deposit under protest	25,804
Security deposit	$ 47,875	$ 35,994

Other Non-Current Assets (Det_2

Other Non-Current Assets (Details) - Schedule of Other Non-Current Assets - USD ($)		Jun. 30, 2024	Mar. 31, 2024
Schedule of Other Non-Current Assets [Abstract]
Security deposits	[1],[2],[3],[4]	$ 360,024	$ 350,149
Receivables from car sale	[5]	457,467	458,590
Other non current assets		$ 817,491	$ 808,739

[1]$25,804 made as a deposit under protest for appeal filed for Income Tax litigation pertaining to FY 2015-16.[2]During the period ended June 30, 2024, security deposit amounting to $47,875 has been adjusted against outstanding balance with Economic Transport Organisation Private Limited (lessor) in relation to the Golden Enclave property lease.[3]During the year ended March 31, 2024, security deposit amounting to $35,994 has been adjusted against outstanding balance with Siddharth Assets (lessor) in relation to the Golden Enclave property lease.[4]includes deposit amounting to $130,238 made as a pre deposit in court for Indian indirect tax appeal filed in FY 2021-22 and 2022-23 in the state of West Bengal and;[5] includes receivable amount from Dbest Cars India Private Limited (“Dbest”), pending arbitration after an initial court judgment in favor of the Company. The Company has handed over the No Objection Certificates for the sold vehicles to Dbest as per the court orders. The timeframe for actual receipt of fund is dependent on the completion of realization process with arbitration panel.

Debt (Details)

Debt (Details) - USD ($)		1 Months Ended						3 Months Ended		5 Months Ended	6 Months Ended	7 Months Ended	12 Months Ended
Debt (Details) - USD ($)	Jun. 18, 2024	Jun. 30, 2024	May 31, 2024	Apr. 30, 2024	Mar. 31, 2024	Jan. 31, 2024	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2024	Mar. 31, 2024
Debt [Line Items]
Lumpsum payment								$ 947,173	$ 362,164
Instalment amount		$ 28,725
Common stock shares issued (in Shares)		75,697,961			63,185,881			75,697,961		75,697,961	75,697,961	75,697,961	63,185,881
Redeemable promissory note		$ 3,615,000						$ 3,615,000		$ 3,615,000	$ 3,615,000	$ 3,615,000
Debt issuance cost								2,647,925					2,647,925
Issuance cost								909,657					909,657
Interest on redeemable promissory note								146,762
Interest accrued								$ 15,000
Warrants exercisable price (in Dollars per share)		$ 5.71						$ 5.71		$ 5.71	$ 5.71	$ 5.71
Warrant cash fee		$ 370,000						$ 370,000		$ 370,000	$ 370,000	$ 370,000
Fair value of warrants								418,157
Placement Agent [Member]
Debt [Line Items]
Consideration fees								$ 788,157
Warrant [Member]
Debt [Line Items]
Warrants exercisable price (in Dollars per share)		$ 0.1416						$ 0.1416		$ 0.1416	$ 0.1416	$ 0.1416
Cash fee (in Shares)		2,860,170						2,860,170		2,860,170	2,860,170	2,860,170
Non Convertible Debentures [Member]
Debt [Line Items]
Debenture percentage		7.70%						7.70%		7.70%	7.70%	7.70%
7.7% Debenture [Member]
Debt [Line Items]
Lumpsum payment								$ 334,727
Penal interest iexpense									12,063
Effective interest rate
Term loans from NBFCs [Member]
Debt [Line Items]
Penal interest iexpense								$ 14,327
Outstanding amount								3,757,362					$ 3,976,093
Interest expense								$ 76,166	$ 100,565
Percentage of penal interest								1%
Kotak Mahindra Finance (Lender) [Member]
Debt [Line Items]
Outstanding amount								$ 348,732
Tata Motors Finance Limited [Member]
Debt [Line Items]
Instalment amount											$ 269,117
Interest charge percentage											36%
Effective interest rate		13.05%						13.05%		13.05%	13.05%	13.05%
Clix Finance India Unlimited [Member]
Debt [Line Items]
Instalment amount										$ 36,200
Orix Leasing and Financial Services India Limited [Member]
Debt [Line Items]
Instalment amount												$ 79,897
Interest charge percentage												15%
Jain and Sons Services Limited [Member]
Debt [Line Items]
Instalment amount					$ 28,725		$ 28,725
Effective interest rate
Mahindra & Mahindra Financial Services Limited [Member]
Debt [Line Items]
Instalment amount						$ 873,924
Deposit						261,031
Outstanding unpaid deposit amount						602,346
Mercury Car Rentals Private Limited [Member]
Debt [Line Items]
Instalment amount						$ 239,962
Unpaid deposit		$ 23,973						$ 23,973		$ 23,973	$ 23,973	$ 23,973
Effective interest rate
AON Premium Finance LLC [Member]
Debt [Line Items]
Interest expense								$ 8,470
Instalment amount			$ 12,367	$ 12,367
Effective interest rate		7.74%						7.74%		7.74%	7.74%	7.74%
Redeemable Promissory Note [Member]
Debt [Line Items]
Principal amount	$ 3,600,000
Proceeds amount	$ 3,000,000
Redeemable promissory note		$ 952,075						$ 952,075		$ 952,075	$ 952,075	$ 952,075
Fair value warrants value								$ 2,047,925
Effective interest rate		15%						15%		15%	15%	15%
Redeemable Promissory Note [Member] \| Warrant [Member]
Debt [Line Items]
Redeemable promissory note		$ 3,000,000						$ 3,000,000		$ 3,000,000	$ 3,000,000	$ 3,000,000
Common Stock [Member]
Debt [Line Items]
Fair value of warrants
Common Stock [Member] \| Redeemable Promissory Note [Member]
Debt [Line Items]
Common stock shares issued (in Shares)	52,966,102
Equated Monthly Installment [Member] \| Term loans from NBFCs [Member]
Debt [Line Items]
Outstanding amount								$ 198,521

Debt (Details) - Schedule of Lo

Debt (Details) - Schedule of Long Term and Short Term Debt - USD ($)		3 Months Ended
		Jun. 30, 2024	Mar. 31, 2024
Non-convertible debentures
Current portion of long-term debt		$ 4,092,087	$ 5,049,483
7.7% Debentures [Member]
Non-convertible debentures
Effective interest rates, Current portion of long-term debt
Maturities, Current portion of long-term debt	[1]	Sep. 30, 2024
Current portion of long-term debt		$ 334,727	335,549
Mahindra & Mahindra Financial Services Limited [Member]
Non-convertible debentures
Maturities, Current portion of long-term debt	[1]	Sep. 30, 2024
Current portion of long-term debt		$ 602,346	873,924
Cholamandalam Investment and Finance [Member]
Non-convertible debentures
Effective interest rates, Current portion of long-term debt
Maturities, Current portion of long-term debt	[1]
Current portion of long-term debt
TATA Motors Finance Limited [Member]
Non-convertible debentures
Effective interest rates, Current portion of long-term debt		13.05%
Maturities, Current portion of long-term debt	[1]	May 31, 2027
Current portion of long-term debt		$ 2,254,635	2,187,128
Kotak Mahindra Financial Services Limited [Member]
Non-convertible debentures
Effective interest rates, Current portion of long-term debt		1%
Maturities, Current portion of long-term debt	[1]	Feb. 28, 2025
Current portion of long-term debt		$ 348,732	348,599
Nissan Renault Financial Services India Private Limited [Member]
Non-convertible debentures
Effective interest rates, Current portion of long-term debt
Maturities, Current portion of long-term debt	[1]
Current portion of long-term debt
Jain and Sons Services Limited [Member]
Non-convertible debentures
Effective interest rates, Current portion of long-term debt
Maturities, Current portion of long-term debt	[1]	Dec. 31, 2024
Current portion of long-term debt		$ 47,875	47,992
Mercury Car Rentals Private Limited [Member]
Non-convertible debentures
Effective interest rates, Current portion of long-term debt
Maturities, Current portion of long-term debt	[1]	Sep. 30, 2024
Current portion of long-term debt		$ 215,437	249,560
Orix Leasing and Financial Services India LTD [Member]
Non-convertible debentures
Effective interest rates, Current portion of long-term debt		13.41%
Maturities, Current portion of long-term debt	[1]	Mar. 31, 2025
Current portion of long-term debt		$ 161,761	156,370
Clix Finance India Private Limited [Member]
Non-convertible debentures
Effective interest rates, Current portion of long-term debt		6.32%
Maturities, Current portion of long-term debt	[1]	Jul. 02, 2025
Current portion of long-term debt		$ 126,574	124,931
AON Premium Finance LLC [Member]
Non-convertible debentures
Effective interest rates, Current portion of long-term debt		7.74%
Maturities, Current portion of long-term debt	[1]	Sep. 28, 2024
Current portion of long-term debt			$ 725,430

[1]Maturities have been stated as per the respective agreements with the financiers. However, except for AON Premium Finance LLC due to non-payment of scheduled EMIs, the loans are immediately payable and are classified as current. These debts are not associated with any restrictive covenants.

Debt (Details) - Schedule of To

Debt (Details) - Schedule of Total Maturity	Mar. 31, 2024 USD ($)
Schedule of Total Maturity [Abstract]
Total maturity for the year ending on March 31,	$ 4,092,087
2025
2026
2027
2028
2029
Thereafter	$ 4,092,087

Debt (Details) - Schedule of Re

Debt (Details) - Schedule of Redeemable Promissory Note Payable - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Schedule of Redeemable Promissory Note Payable [Abstract]
Redeemable promissory note	$ 3,615,000
Less: Discount ($2,647,925) and debt issuance cost ($909,657) on issuance, net of amortization	(3,425,820)
Total	$ 189,180

Debt (Details) - Schedule of _2

Debt (Details) - Schedule of Redeemable Promissory Note Payable (Parentheticals) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Schedule of Redeemable Promissory Note Payable [Abstract]
Debt issuance cost	$ (2,647,925)	$ (2,647,925)
Issuance, net of amortization	$ (909,657)	$ (909,657)

Convertible Promissory Note (_3

Convertible Promissory Note (‘Notes’) (Details) - USD ($)	3 Months Ended
Convertible Promissory Note (‘Notes’) (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Oct. 22, 2022	Aug. 31, 2022
Convertible Promissory Note (‘Notes’) [Line Items]
(Gain)/loss on fair value change		$ (420,022)
Unsecured Promissory Note [Member]
Convertible Promissory Note (‘Notes’) [Line Items]
Convertible note payable			$ 10,000,000
Accruing interest			6%
Outstanding principal interest rate	6%
Debt conversion shares (in Shares)	1,071,506
Debt conversion price (in Dollars per share)	$ 10
Principal balance				$ 2,027,840
Unsecured Promissory Note [Member]
Convertible Promissory Note (‘Notes’) [Line Items]
Debt conversion price (in Dollars per share)	$ 3
Principal balance	$ 2,027,840
Maturity Period	90 days

Convertible Promissory Note (_4

Convertible Promissory Note (‘Notes’) (Details) - Schedule of Unsecured Promissory Note - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Schedule of Unsecured Promissory Note [Line Items]
Unsecured promissory note payable	$ 2,027,840	$ 2,027,840
Unsecured promissory note [Member]
Schedule of Unsecured Promissory Note [Line Items]
Unsecured promissory note payable	$ 2,027,840	$ 2,027,840

Senior Subordinated Convertib_2

Senior Subordinated Convertible Promissory Note (‘SSCPN’) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023
Senior Subordinated Convertible Promissory Note (‘SSCPN’) [Line Items]
Warrants and placement agents issued			$ 13,175,027	$ 8,109,954
Fair value adjustment		$ (10,519,247)
Fair value			$ 6,571,082
Warrant expiry period	5 years
Percentage of warrant purchase	10%
Senior Subordinated Notes [Member]
Senior Subordinated Convertible Promissory Note (‘SSCPN’) [Line Items]
Converted shares (in Shares)			4,248,178
Principal balance
Interest rate	6%

Warrants Issued to Preferred _2

Warrants Issued to Preferred Stockholders (Details) - shares			3 Months Ended
	Feb. 29, 2024	Dec. 28, 2023	Jun. 30, 2024	Mar. 31, 2024
Warrants Issued to Preferred Stockholders [Line Items]
Warrants outstanding			11,500,000
Warrants received			39,057,679
Warrant [Member]
Warrants Issued to Preferred Stockholders [Line Items]
Warrants outstanding			55,826,272
Warrant holders exercised shares			2,860,170
Public warrants [Member]
Warrants Issued to Preferred Stockholders [Line Items]
Warrants outstanding			11,500,000
Private Warrants [Member]
Warrants Issued to Preferred Stockholders [Line Items]
Converted shares	310,977
Warrants outstanding	37,956,206			37,956,206
Warrant holders exercised shares			1,101,473
Common Stock [Member] \| Warrant [Member]
Warrants Issued to Preferred Stockholders [Line Items]
Converted shares		32,999,472
Preferred Stock [Member]
Warrants Issued to Preferred Stockholders [Line Items]
Converted shares		3,502,040

Unsecured Convertible Note (__3

Unsecured Convertible Note (‘Atalaya Note’) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Jun. 25, 2024	Dec. 31, 2023
Unsecured Convertible Note (‘Atalaya Note’) [Line Items]
Original issue discount rate	7.50%
Amount received		$ 8,655,330
Fair value of atalaya note			$ 10,067,601
Percentage of discount	7.50%
ACM Zoomcar Convert LLC [Member]
Unsecured Convertible Note (‘Atalaya Note’) [Line Items]
Unsecured notes payable	$ 1,231,368
Payment for vendors	6,570,642
Atalaya Note [Member]
Unsecured Convertible Note (‘Atalaya Note’) [Line Items]
Fair value	$ 10,167,194
Original issue discount rate	7.50%
Principal amount	$ 632,596
Settlement issue shares (in Shares)	12,512,080
Settlement value	$ 2,324,696
Amount received			7,802,009
Fair value of atalaya note			10,067,601
Change in fair value	$ 1,360,238
Convertible Note					$ 8,434,605
Percentage of bears interest	8%
Percentage of amortization conversion price	25%
Conversion price of per share (in Dollars per share)	$ 10
Unsecured Convertible Note [Member]
Unsecured Convertible Note (‘Atalaya Note’) [Line Items]
Principal amount	$ 8,434,605		8,434,605
Amount received	7,802,009
Fair value of atalaya note	$ 6,382,667		$ 10,067,601
Conversion Floor [Member]
Unsecured Convertible Note (‘Atalaya Note’) [Line Items]
Principal amount				$ 3,600,000
Price of per share (in Dollars per share)	$ 0.25
Midtown Madison Management LLC [Mrember]
Unsecured Convertible Note (‘Atalaya Note’) [Line Items]
Unrestricted shares (in Shares)			164,000
Fair value of shares issued			$ 492,000

Unsecured Convertible Note (__4

Unsecured Convertible Note (‘Atalaya Note’) (Details) - Schedule of Notes Payable - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Non current liability
Note payable non current liability		$ 10,067,601
Current liability
Note payable current liability	6,382,667
Atalaya Note [Member]
Non current liability
Note payable non current liability		10,067,601
Current liability
Note payable current liability	$ 6,382,667

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Other Current Liabilities [Abstract]
Security deposit	$ 47,875	$ 35,994

Other Current Liabilities (De_2

Other Current Liabilities (Details) - Schedule of Other Current Liabilities - USD ($)		Jun. 30, 2024	Mar. 31, 2024
Schedule of Other Current Liabilities [Abstract]
Payable to renters		$ 597,479	$ 576,052
Statutory dues payable		1,540,944	1,550,688
Capital creditors		5,922	5,936
Employee benefit expenses payable		278,127	320,360
Other liabilities	[1]	424,906	330,582
Other current liabilities		$ 2,847,378	$ 2,783,618

[1] Pertains to payables in relation to operating leases (Refer note 11). During the year ended March 31, 2024, security deposit amounting to $35,994 has been adjusted against outstanding balance with Siddharth Assets (lessor) in relation to the Golden Enclave property lease. During the period ended June 30, 2024, security deposit amounting to $47,875 has been adjusted against outstanding balance with Economic Transport Organisation Private Limited (lessor) in relation to the Golden Enclave property lease.

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income/ (Loss) (Details) - Schedule of Accumulated Other Comprehensive Income/(Loss) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2023
(Loss)/ Gain on employee benefit [Member]
(Loss)/ Gain on employee benefit
Balance, beginning of period	$ 46,101	$ 115,818
Recognized during the period, net of taxes amounts to $NIL	(63,511)	(48,593)
Reclassification to net income: Amortization losses/(gains)	(1,679)	(21,124)
Balance, end of period	(19,089)	46,101
Foreign currency translation adjustment [Member]
(Loss)/ Gain on employee benefit
Balance, beginning of period	1,749,891	1,712,181
Translation adjustments gain recognized during the period, net of taxes amounts to $NIL	28,355	37,710
Balance, end of period	1,778,246	1,749,891
Accumulated other comprehensive income	$ 1,759,157	$ 1,795,992

Capital Stock (Details)

Capital Stock (Details)		3 Months Ended	12 Months Ended
Capital Stock (Details)	Dec. 28, 2023 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) $ / shares shares	Mar. 31, 2024 USD ($) $ / shares shares	Dec. 29, 2023 shares
Capital Stock [Line Items]
Shares of company (in Dollars) \| $		$ 7,570	$ 6,319
Authorized share		250,000,000	250,000,000
Shares of common stock		75,697,961	63,185,881
Common stock par value (in Dollars per share) \| $ / shares		$ 0.0001	$ 0.0001
Preferred stock shares	140,136,788
Distribution shares		75,697,961	63,185,881
Exchange ratio		0.0284
Vote per share		one
Number of shares issued			9,192,377
Outstanding principal and interest amount (in Dollars) \| $		$ 10,715,068
Cash consideration (in Dollars) \| $		5,000,000
Reverse recapitalization (in Dollars) \| $		$ 17,100,000
Mohan Ananda [Member]
Capital Stock [Line Items]
Shares of common stock		1,666,666
Zoomcar [Member]
Capital Stock [Line Items]
Shares of company (in Dollars) \| $	$ 220,000,000
Authorized share	260,000,000
Distribution shares		16,987,064
Exchange ratio		0.0284
Shares of common stock		3,617,333
Conversion of shares		9,192,377
Reverse recapitalization (in Dollars) \| $		$ 392,725
Common Stock [Member]
Capital Stock [Line Items]
Shares of common stock	250,000,000
Common stock par value (in Dollars per share) \| $ / shares	$ 0.0001	$ 0.0001
Distribution shares				19,999,407
Shares of common stock		27,327,481
Number of shares issued		2,866,666
Common Stock [Member] \| Mohan Ananda [Member]
Capital Stock [Line Items]
Shares of common stock		1,071,506
Common Stock [Member] \| Zoomcar [Member]
Capital Stock [Line Items]
Distribution shares		16,987,064
Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock shares	10,000,000
Preferred stock par value (in Dollars per share) \| $ / shares	$ 0.0001
Conversion of shares	3,502,040
Preferred Stock [Member] \| Zoomcar [Member]
Capital Stock [Line Items]
Shares of common stock		112,660,583
Number of shares issued		9,192,377

Preferred Stock (Details)

Preferred Stock (Details) - $ / shares	3 Months Ended
Preferred Stock (Details) - $ / shares	Jun. 30, 2024	Dec. 28, 2023
Preferred Stock [Line Items]
Shares issued on recapitalization		99,309,415
Exchange ratio	0.0284%
Redeemable Non- controlling Interest [Member]
Preferred Stock [Line Items]
Exchange ratio	0.0284%
Preferred Stock [Member]
Preferred Stock [Line Items]
Shares issued on recapitalization	10,000,000
Per share	$ 0.0001
Preferred Stock [Member] \| Zoomcar Inc [Member]
Preferred Stock [Line Items]
Shares issued on recapitalization	112,660,583

Preferred Stock (Details) - Sch

Preferred Stock (Details) - Schedule of Preferred Stock Authorized, Issued and Outstanding	Dec. 28, 2023 USD ($) shares
Preferred Stock
Authorized shares \| shares	140,136,788
Shares issued \| shares	99,309,415
Net carrying value \| $	$ 168,974,437
Liquidation preference \| $	$ 168,974,437
Series Seed [Member]
Preferred Stock
Authorized shares \| shares	6,836,726
Shares issued \| shares	6,836,726
Conversion Ratio	1.42
Net carrying value \| $	$ 1,542,203
Liquidation preference \| $	$ 1,542,203
Series A [Member]
Preferred Stock
Authorized shares \| shares	11,379,405
Shares issued \| shares	11,379,405
Conversion Ratio	2
Net carrying value \| $	$ 9,288,872
Liquidation preference \| $	$ 9,288,872
Series A2 [Member]
Preferred Stock
Authorized shares \| shares	4,536,924
Shares issued \| shares	4,536,924
Conversion Ratio	2.25
Net carrying value \| $	$ 10,760,224
Liquidation preference \| $	$ 10,760,224
Series B [Member]
Preferred Stock
Authorized shares \| shares	18,393,332
Shares issued \| shares	18,393,332
Conversion Ratio	2.25
Net carrying value \| $	$ 31,416,488
Liquidation preference \| $	$ 31,416,488
Series C [Member]
Preferred Stock
Authorized shares \| shares	12,204,208
Shares issued \| shares	4,125,666
Conversion Ratio	2.33
Net carrying value \| $	$ 10,534,889
Liquidation preference \| $	$ 10,534,889
Series D [Member]
Preferred Stock
Authorized shares \| shares	21,786,721
Shares issued \| shares	19,016,963
Conversion Ratio	2.31
Net carrying value \| $	$ 34,894,262
Liquidation preference \| $	$ 34,894,262
Series E [Member]
Preferred Stock
Authorized shares \| shares	32,999,472
Shares issued \| shares	29,999,520
Conversion Ratio	16.92
Net carrying value \| $	$ 55,260,089
Liquidation preference \| $	$ 55,260,089
Series E1 [Member]
Preferred Stock
Authorized shares \| shares	32,000,000
Shares issued \| shares	5,020,879
Conversion Ratio	23.69
Net carrying value \| $	$ 15,277,410
Liquidation preference \| $	$ 15,277,410

Revenue (Details)

Revenue (Details) - USD ($)	3 Months Ended		12 Months Ended
Revenue (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Revenue [Line Items]
Performance obligations	$ 557,060		$ 640,173
Advance from customers	538,254
Deferred revenue	18,806		$ 96,710
Contract liabilities	$ 269,376	$ 41,016

Revenue (Details) - Schedule of

Revenue (Details) - Schedule of Components of Revenue, Net - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Components of Revenue, Net [Line Items]
Revenue	$ 2,240,985	$ 2,614,618
Facilitation revenue (net) [Member]
Schedule of Components of Revenue, Net [Line Items]
Revenue	2,206,402	2,614,618
Other operating revenues [Member]
Schedule of Components of Revenue, Net [Line Items]
Revenue	$ 34,583

Revenue (Details) - Schedule _2

Revenue (Details) - Schedule of Revenue by Geographical Location - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Revenue by geographical location
Revenue	$ 2,240,985	$ 2,614,618
India [Member]
Revenue by geographical location
Revenue	2,223,638	2,573,882
Egypt [Member]
Revenue by geographical location
Revenue	13,498	21,870
Vietnam [Member]
Revenue by geographical location
Revenue		18,204
Indonesia [Member]
Revenue by geographical location
Revenue	$ 3,849	$ 662

Finance Costs (Details) - Sched

Finance Costs (Details) - Schedule of Components of Finance Costs - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Finance costs -other than related parties
Change in fair value of convertible promissory note		$ 420,022
Interest on redeemable promissory notes	146,762
Change in fair value of SSCPN		10,519,247
Note issue expenses		1,038,622
Change in fair value of derivative financial instrument		9,222,809
Bank charges	7,200	17,823
Other borrowings cost	161,416	17,370
Total	551,003	21,520,558
Finance costs -to related parties
Interest on vehicle loans		12,861
Total		12,861
Interest on vehicle loans [Member]
Finance costs -other than related parties
Interest on finance costs	76,166	99,768
Interest on finance leases [Member]
Finance costs -other than related parties
Interest on finance costs	136,043	161,119
Interest on subcontractor liability [Member]
Finance costs -other than related parties
Interest on finance costs	$ 23,416	$ 23,778

Other (Income) _Expense, Net (D

Other (Income) /Expense, Net (Details) - Schedule of Other Income (Expense), Net - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Other (income) /expense, net - other than related parties
Interest income	$ (10,125)	$ (7,536)
Change in fair value of preferred stock warrant liability		(245,143)
Change in fair value of Atalaya Note	(1,360,238)
(Gain)/loss on sale of property, plant & equipment	(1,831)	66,540
(Gain)/loss on sale of assets held for sale	(2,923)	5,018
Loss on foreign currency remeasurements	810	11,211
Loss on assets written off	93,684
Other, net	(113,369)	(81,309)
Total	(1,393,992)	(251,219)
Other (income) - from related parties
Interest income		(4,050)
Total		$ (4,050)

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		12 Months Ended
Income Taxes (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Taxes [Abstract]
Tax expense (in Dollars)
Effective income tax rate	0%	0%
Statutory tax rate			21%	21%

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of Components of (Loss)/Gain Before Income Taxes - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Components of (Loss)/Gain Before Income Taxes [Abstract]
Domestic	$ 280,978	$ (21,478,107)
Foreign	(2,812,557)	(7,303,027)
Income/(Loss) before income taxes	$ (2,531,579)	$ (28,781,134)

Net Loss per Share (Details) -

Net Loss per Share (Details) - Schedule of Basic and Diluted Loss per Share - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Basic and Diluted Loss per Share [Abstract]
Net loss available for common shareholders (A)	$ (2,531,579)	$ (28,781,134)
Weighted average outstanding shares of common stock (B)	68,512,629	482,814
Common stock and common stock equivalents (C)	68,512,629	482,814
Loss per share
Basic (A/B)	$ (0.04)	$ (59.61)
Diluted (A/C)	$ (0.04)	$ (59.61)

Net Loss per Share (Details) _2

Net Loss per Share (Details) - Schedule of Diluted Loss per Share Anti-Dilutive - shares	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Diluted Loss per Share Anti-Dilutive [Line Items]
Anti-dilutive shares	56,224,872	215,904,796
Convertible preferred stock [Member]
Schedule of Diluted Loss per Share Anti-Dilutive [Line Items]
Anti-dilutive shares		112,660,326
Preferred stock warrants [Member]
Schedule of Diluted Loss per Share Anti-Dilutive [Line Items]
Anti-dilutive shares		36,501,508
Stock options [Member]
Schedule of Diluted Loss per Share Anti-Dilutive [Line Items]
Anti-dilutive shares	20,435
SSCPN [Member]
Schedule of Diluted Loss per Share Anti-Dilutive [Line Items]
Anti-dilutive shares		56,646,202
Public warrants [Member]
Schedule of Diluted Loss per Share Anti-Dilutive [Line Items]
Anti-dilutive shares	11,500,000
Private warrants [Member]
Schedule of Diluted Loss per Share Anti-Dilutive [Line Items]
Anti-dilutive shares	44,704,437
Derivative financial instruments [Member]
Schedule of Diluted Loss per Share Anti-Dilutive [Line Items]
Anti-dilutive shares		10,096,760

Employee Benefit Plans (Unfun_3

Employee Benefit Plans (Unfunded) (Details) - USD ($)	3 Months Ended
Employee Benefit Plans (Unfunded) (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Employee Benefit Plans (Unfunded) [Line Items]
Compensated absences	$ 44,591	$ 152,539
Contributions made to provident fund	$ 93,412	$ 112,330

Employee Benefit Plans (Unfun_4

Employee Benefit Plans (Unfunded) (Details) - Schedule of Current and Non Current Employee Benefit Plans Obligations - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Current
Gratuity	$ 90,470	$ 93,967
Compensated absences	83,472	89,688
Current Pension and other employee obligations	173,942	183,655
Non current
Gratuity	234,971	258,524
Compensated absences	191,465	232,925
Other statutory dues	2,040
Non current Pension and other employee obligations	$ 428,476	$ 491,449

Employee Benefit Plans (Unfun_5

Employee Benefit Plans (Unfunded) (Details) - Schedule of Gratuity - Gratuity [Member] - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Changes in projected benefit obligation (PBO)
PBO at the beginning of the year	$ 352,492	$ 286,714
Service cost	19,552	29,083
Interest cost	5,283	5,069
Actuarial loss/ (gain)	63,511	74,078
Benefits paid	(114,577)	(21,770)
Effect of exchange rate changes	(820)	268
PBO at the end of the period	325,441	373,442
Accrued pension liability
Current liability	90,470	78,178
Non-current liability	234,971	295,264
Total	325,441	373,442
Accumulated benefit obligation	$ 250,374	$ 259,947

Employee Benefit Plans (Unfun_6

Employee Benefit Plans (Unfunded) (Details) - Schedule of Net Gratuity Cost Recognized in Income Statement - Net gratuity cost recognized in income statement [Member] - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Net Gratuity Cost Recognized in Income Statement [Line items]
Service cost	$ 19,552	$ 29,083
Interest cost	5,283	5,069
Amortization of net actuarial (gains)/loss	(1,679)	(5,322)
Net periodic benefit cost	$ 23,156	$ 28,830

Employee Benefit Plans (Unfun_7

Employee Benefit Plans (Unfunded) (Details) - Schedule of Re-measurement (Gains) / Losses in Other Comprehensive Income - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Re-measurement (Gains) / Losses in Other Comprehensive Income [Abstract]
Actuarial (gain)/loss	$ 63,511	$ 74,078
Amortization loss	(1,679)	(5,322)
Total	$ 65,190	$ 79,400

Employee Benefit Plans (Unfun_8

Employee Benefit Plans (Unfunded) (Details) - Schedule of Components of Actuarial Gain - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Components of Actuarial Gain [Abstract]
Actuarial (gain)/loss due to demographic assumption changes in defined benefit obligation	$ (941)	$ 9,239
Actuarial (gain)/ loss due to financial assumption changes in defined benefit obligation	(677)	391
Actuarial (gain)/loss due to experience on defined benefit obligation	65,129	64,448
Total	$ 63,511	$ 74,078

Employee Benefit Plans (Unfun_9

Employee Benefit Plans (Unfunded) (Details) - Schedule of Assumptions used for Gratuity		Jun. 30, 2024	Jun. 30, 2023
Staff [Member]
Schedule of Assumptions used for Gratuity [Line Items]
Discount rate		7.13%	7.26%
Attrition rate		40.59%	33.57%
Rate of increase in compensation levels		12.42%	12.62%
Independent service provider [Member]
Schedule of Assumptions used for Gratuity [Line Items]
Discount rate	[1]	7.09%	7.13%
Attrition rate	[1]	79.88%	75.09%
Rate of increase in compensation levels	[1]	11.94%	11.43%

[1] Independent service provider are contract employees responsible for maintaining the fleet of the Company.

Employee Benefit Plans (Unfu_10

Employee Benefit Plans (Unfunded) (Details) - Schedule of Discount Rates Current Market Yields on Government Securities	Jun. 30, 2024 USD ($)
Schedule of Discount Rates Current Market Yields on Government Securities [Abstract]
2025 (July 1, 2024 till March 31, 2025)	$ 67,853
2026	60,990
2027	41,213
2028	24,456
2029	14,908
Thereafter	116,020
Total	$ 325,440

Employee Benefit Plans (Unfu_11

Employee Benefit Plans (Unfunded) (Details) - Schedule of Net Leave Encashment Cost - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule Of Net Leave Encashment Cost Abstract
Service cost	$ 35,244	$ 142,016
Interest cost	5,163	5,223
Recognized net actuarial loss	4,184	5,300
Net periodic benefit cost	$ 44,591	$ 152,539

Stock-Based Compensation Expe_3

Stock-Based Compensation Expense (Details) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
Stock-Based Compensation Expense (Details) - USD ($)	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Stock-Based Compensation Expense [Line Items]
Vested options shares		719,167
Vesting period term	4 years
Shares reserved	19,695,305
Percentage of issued and outstanding shares				3%
compensation cost of non-vested awards			$ 1,709,241
Non-vested awards not yet recognized expected tem		0 years	1 year 21 days
Options [Member]
Stock-Based Compensation Expense [Line Items]
Cancelled options shares issued				14,808,486

Stock-Based Compensation Expe_4

Stock-Based Compensation Expense (Details) - Schedule of Stock-Based Compensation Expense - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Stock-Based Compensation Expense [Line Items]
Total stock-based compensation expense		$ 444,212
Cost of revenue [Member]
Schedule of Stock-Based Compensation Expense [Line Items]
Total stock-based compensation expense		67,509
Technology expenses [Member]
Schedule of Stock-Based Compensation Expense [Line Items]
Total stock-based compensation expense		41,824
Marketing expenses [Member]
Schedule of Stock-Based Compensation Expense [Line Items]
Total stock-based compensation expense		6,824
General and administrative expenses [Member]
Schedule of Stock-Based Compensation Expense [Line Items]
Total stock-based compensation expense		$ 328,055

Stock-Based Compensation Expe_5

Stock-Based Compensation Expense (Details) - Schedule of Fair Value of Options Granted is Estimated on the Date of Grant using the Black-Scholes-Merton Option-Pricing Model	3 Months Ended
	Jun. 30, 2024 $ / shares
Schedule of Fair Value of Options Granted Estimated on the Date of Grant using the Black-Scholes-Merton Option-Pricing Model [Line Items]
Dividend yield	0%
Expected volatility	60%
Exercise price (in Dollars per share)	$ 2.2
Attrition rate	30%
Minimum [Member]
Schedule of Fair Value of Options Granted Estimated on the Date of Grant using the Black-Scholes-Merton Option-Pricing Model [Line Items]
Risk-free interest rate	2.39%
Expected life (in years)	5 years 6 months
Maximum [Member]
Schedule of Fair Value of Options Granted Estimated on the Date of Grant using the Black-Scholes-Merton Option-Pricing Model [Line Items]
Risk-free interest rate	2.81%
Expected life (in years)	7 years

Stock-Based Compensation Expe_6

Stock-Based Compensation Expense (Details) - Schedule of Stock-Based Options Outstanding and Weighted Average Exercise Price Equity Incentive Plan - 2012 Equity Incentive Plan [Member] - Equity Option [Member] - $ / shares	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Schedule of Stock-Based Options Outstanding and Weighted Average Exercise Price Equity Incentive Plan [Line Items]
No. of options, outstanding at the beginning of the year		16,258,113	16,258,113
Weighted average exercise price, outstanding at the beginning of the year (in Dollars per share)		$ 1.82	$ 1.82
No. of options, granted during the year
Weighted average exercise price,granted during the year (in Dollars per share)
No. of options, forfeited during the year		(260,496)
Weighted average exercise price, forfeited during the year (in Dollars per share)		$ 2.05
No. of options, exercised during the year
Weighted average exercise price, exercised during the year (in Dollars per share)
No. of options, cancelled during the year
Weighted average exercise price, cancelled during the year (in Dollars per share)
No. of options, transferred to merged Company
Weighted average exercise price, transferred to merged Company (in Dollars per share)
No. of options, outstanding at the end of the period		15,997,617
Weighted average exercise price, outstanding at the end of the period (in Dollars per share)		$ 1.82
No. of options, exercisable at the end of the period		10,078,541
Weighted average exercise price, exercisable at the end of the period (in Dollars per share)		$ 1.6
No. of options, unvested at the end of the period		5,919,077
Weighted average exercise price, unvested at the end of the period (in Dollars per share)		$ 2.2

Stock-Based Compensation Expe_7

Stock-Based Compensation Expense (Details) - Schedule of Weighted Average Remaining Life (in Years)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Vested Options [Member]
Stock-Based Compensation Expense (Details) - Schedule of Weighted Average Remaining Life (in Years) [Line Items]
Vested options		6 years 7 months 6 days
Unvested Options [Member]
Stock-Based Compensation Expense (Details) - Schedule of Weighted Average Remaining Life (in Years) [Line Items]
Vested options		8 years 2 months 26 days

Related Party Transactions (Det

Related Party Transactions (Details) - Schedule of Transactions with Related Parties - USD ($)		3 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Mahindra & Mahindra Financial Services Limited [Member]
Schedule of Transactions with Related Parties [Line Items]
Interest expense	[1]		$ 12,861
Interest income	[1]		4,050
Debt - principal repayment	[1]		32,534
Mahindra First Choice Wheels Ltd [Member]
Schedule of Transactions with Related Parties [Line Items]
Credit notes against sale of property and equipment	[1]		$ 3,165

[1] Mahindra & Mahindra Financial Services Limited, Mahindra First Choice Wheels Limited and Yard Management Services Limited were related parties till December 28, 2023, hence, the transactions till December 28, 2023 with these related parties have been disclosed. The outstanding balances with these related parties have not been disclosed since they were not related parties as on March 31, 2024 and June 30, 2024.

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of Outstanding Balances with Related Parties - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Schedule of Outstanding Balances with Related Parties [Line Items]
Outstanding balances with related parties	$ 2,180,275	$ 2,224,443
Ananda Small Business Trust [Member]
Schedule of Outstanding Balances with Related Parties [Line Items]
Convertible promissory note (non-current and current)	2,027,840	2,027,840
Mohan Ananda [Member]
Schedule of Outstanding Balances with Related Parties [Line Items]
Payable to Director	152,435	152,435
Gregory Bradford Moran [Member]
Schedule of Outstanding Balances with Related Parties [Line Items]
Advance to director (net)		$ 44,168

Variable Interest Entities (Det

Variable Interest Entities (Details) - Schedule of Summarizes the Assets and Liabilities - Variable Interest Entities [Member] - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Assets
Cash and Cash equivalents	$ 5,729	$ 11,888
Accounts receivable		7,341
Other current assets	405	3,868
Prepaid expenses		4,282
Property and equipment, net		41,849
Intangible assets, net	4,009	3,012
Long term Investments		4,112
Receivable from government authorities -non current	3,914	18,126
Liabilities
Accounts payable	380,490	374,692
Contract Liabilities		3,755
Current portion of pension and other employee obligations	377	986
Other current liabilities	151,059	148,950
Pension and other employee obligations, less current portion		$ 1,189

Variable Interest Entities (D_2

Variable Interest Entities (Details) - Schedule of Total Investment	3 Months Ended
	Jun. 30, 2024
Zoomcar Egypt Car Rental LLC [Member]
Schedule of Investment [Line Items]
Place of incorporation	Egypt
Nature of investment	Debt
Investor entity	Zoomcar Netherlands Holdings
Zoomcar Egypt Car Rental LLC One [Member]
Schedule of Investment [Line Items]
Place of incorporation	Egypt
Nature of investment	Debt
Investor entity	Zoomcar Inc.
Fleet Mobility Philippines Corporation [Member]
Schedule of Investment [Line Items]
Place of incorporation	Philippines	[1]
Nature of investment	Debt	[1]
Investor entity	Zoomcar Inc.	[1]
Zoomcar Vietnam Mobility LLC [Member]
Schedule of Investment [Line Items]
Place of incorporation	Vietnam	[2]
Nature of investment	Debt	[2]
Investor entity	Fleet Holding Pte Ltd	[2]
Zoomcar Vietnam Mobility LLC One [Member]
Schedule of Investment [Line Items]
Place of incorporation	Vietnam	[2]
Nature of investment	Debt	[2]
Investor entity	Zoomcar Inc.	[2]
Zoomcar Vietnam Mobility LLC Two [Member]
Schedule of Investment [Line Items]
Place of incorporation	Vietnam	[2]
Nature of investment	Equity	[2]
Investor entity	Fleet Holding Pte Ltd	[2]

[1] In May 2022, Company had initiated the process of winding-up for Fleet Mobility Philippines Corporation. The assets consolidated for the VIE are not material. In August 2023, Zoomcar Vietnam Mobility LLC has filed for bankruptcy with the local authorities. In accordance with ASC 810-10-15-10, the Company consolidate the VIE as the bankruptcy application is pending with the authorities in Vietnam and unless the application is admitted, the Company holds a variable interest and still is the primary beneficiary. The assets/liabilities consolidated for the VIE are not material.

Financial Instruments - Fair _3

Financial Instruments - Fair Value Measurements (Details)	3 Months Ended
Financial Instruments - Fair Value Measurements (Details)	Jun. 30, 2024 $ / shares
Financial Instruments - Fair Value Measurements [Abstract]
Share price	$ 0.25
Fair value discount rate	18.66%

Financial Instruments - Fair _4

Financial Instruments - Fair Value Measurements (Details) - Schedule of Financial Instruments Not Carried at Fair Value - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Financial assets
Cash and cash equivalents	$ 1,583,483	$ 1,496,144
Accounts receivable	164,463	194,197
Short term investments	17,288	298,495
Receivable from government authorities	507,896	445,828
Long term investments	75,107	91,947
Other financial assets	1,062,334	770,941
Total assets	3,410,571	3,297,552
Financial liabilities
Accounts payable	15,656,990	14,431,587
Debt	4,092,087	5,049,483
Redeemable Promissory Note	189,180
Other financial liabilities	1,306,434	1,232,930
Total liabilities	$ 21,244,691	$ 20,714,000

Financial Instruments - Fair _5

Financial Instruments - Fair Value Measurements (Details) - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Assets:
Assets held for sale	$ 626,715	$ 629,908
Liabilities:
Atalaya Note		10,067,601
Liabilities:
Atalaya Note	6,382,667
Fair Value, Recurring [Member] \| Level 1 [Member]
Assets:
Assets held for sale
Liabilities:
Atalaya Note
Liabilities:
Atalaya Note
Fair Value, Recurring [Member] \| Level 2 [Member]
Assets:
Assets held for sale	626,715	629,908
Liabilities:
Atalaya Note
Liabilities:
Atalaya Note
Fair Value, Recurring [Member] \| Level 3 [Member]
Assets:
Assets held for sale
Liabilities:
Atalaya Note		$ 10,067,601
Liabilities:
Atalaya Note	$ 6,382,667

Financial Instruments - Fair _6

Financial Instruments - Fair Value Measurements (Details) - Schedule of Model Valuation Assumptions	Jun. 30, 2024
Remaining term (years) [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative financial instrument atalaya note	0.75
Rate of interest [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative financial instrument atalaya note	8
Default Rate of interest [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative financial instrument atalaya note	8
Cost of Debt [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative financial instrument atalaya note	18.66	[1]

[1]Cost of debt for commensurate term is considered as discount rate for cash payment.

Financial Instruments - Fair _7

Financial Instruments - Fair Value Measurements (Details) - Schedule of Changes in the Fair Value - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Preferred stock warrant liability [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at Beginning		$ 1,190,691
Issue of SSCPN and warrants
Change in fair value of convertible preferred stock warrant		(245,143)
Change in fair value of Notes
Change in fair value of derivative financial instrument
Change in fair value of unsecured convertible note
Balance at Ending		945,548
Notes [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at Beginning		10,944,727
Issue of SSCPN and warrants
Change in fair value of convertible preferred stock warrant
Change in fair value of Notes		420,022
Change in fair value of derivative financial instrument
Change in fair value of unsecured convertible note
Balance at Ending		11,364,749
SSCPN [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at Beginning		17,422,131
Issue of SSCPN and warrants		8,655,330
Change in fair value of convertible preferred stock warrant
Change in fair value of SSCPN		10,519,247
Change in fair value of Notes
Change in fair value of derivative financial instrument
Change in fair value of unsecured convertible note
Balance at Ending		36,596,708
Unsecured Convertible Note (‘Atalaya Note’) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at Beginning	10,067,601
Issue of SSCPN and warrants
Change in fair value of convertible preferred stock warrant
Change in fair value of Notes
Change in fair value of derivative financial instrument
Shares issued to Atalaya Note holders	(2,324,696)
Change in fair value of unsecured convertible note	(1,360,238)
Balance at Ending	6,382,667
Derivative financial instrument (‘Warrants’) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at Beginning		14,373,856
Issue of SSCPN and warrants
Change in fair value of Notes
Change in fair value of derivative financial instrument		9,222,809
Change in fair value of unsecured convertible note
Balance at Ending		$ 23,596,665

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)			1 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended				34 Months Ended
Commitments and Contingencies (Details) - USD ($)	Jan. 30, 2024	Mar. 03, 2023	Feb. 28, 2023	Jun. 30, 2024	Sep. 30, 2017	Mar. 31, 2024	Mar. 31, 2020	Mar. 31, 2018	Mar. 31, 2016	Jul. 31, 2017	Mar. 31, 2021	Jul. 31, 2019
Commitments and contingencies [Line Items]
Vehicles Purchased				$ 129,919		$ 548,635						$ 547,292
Service tax liability amount						4,438,067				$ 4,427,199
Received demand notice					$ 34,035
Goods and service tax input				1,052,292		1,054,875
Payment of tax dues				$ 102,854
Penalty percentage				10%
Bookings in progress				$ 6,254
Claiming damage			$ 406,086
Purchase shares (in Shares)		100,000	100,000
Seeking damages	$ 10,000,000			15,900,000
Claimants of company assets	$ 3,500,000
Attorneys fees and interest				15,900,000
Non-deduction of tax				128,712		129,027
Interest				45,672		45,784
Penalty				128,712
Interest expense						1,159,108			$ 1,156,269
Lease payment						2,123,071		$ 2,111,872
Verification expenses							$ 23,937
Depreciation expense							$ 439,384
Indian Indirect Tax Authorities [Member]
Commitments and contingencies [Line Items]
Disallowance of input tax credit											$ 3,279,638
Contingencies [Member]
Commitments and contingencies [Line Items]
Liability amounted				$ 4,493,881		$ 4,565,949

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Jan. 01, 2025	Jul. 22, 2024	Aug. 02, 2024	Jul. 25, 2024
Subsequent Event [Member]
Subsequent Events [Line Items]
Number of consecutive business days		30 days
Publicly held shares		15,000,000
Price per share				$ 1
Listed securities				$ 35,000,000
Unpaid lease rentals			2%
Forecast [Member]
Subsequent Events [Line Items]
Number of consecutive business days	10 days
Publicly held shares	15,000,000