ZCAR · Zoomcar Holdings, Inc.

The balance RSUs were voluntarily forfeited and canceled without consideration and will not vest, as the reporting person has already resigned from their position, effective as of April 28th, 2026

Issued pursuant to a Restricted Stock Units ("RSUs") Award Agreement entered between the issuer and the reporting person dated February 1, 2025 and August 4, 2025, as amended from time to time pursuant to the Zoomcar holdings, Inc. 2023 Equity Incentive Plan (as amended). Out of the total 500,615 RSUs granted, 615 vested on March 31, 2025. 25% or 125,000 RSUs vested on June 30, 2026, 25% or 125,000 will vest on August 4, 2026, 25% or 125,000 will vest on August, 4, 2027, the remaining 25% or 125,000 will vest on August 4, 2028.

Issued pursuant to the Restricted Stock Units ("RSUs") Award Agreement entered into between the issuer and the reporting person dated February 1, 2025, and August 4, 2025, as amended from time to time, pursuant to the Zoomcar Holdings, Inc. 2023 Equity Incentive Plan (as amended). Out of the total 500,476 RSUs granted, 476 vested on March 31, 2025.

Issued pursuant to that certain Nonstautory Inducement Award Agreement between the issuer and the reporting person dated July 17, 2025, which was approved by the issuer's compensation committee comprising of independent directors. 25%, or 250,000 shares of common stock, vest on June 30, 2025, the remaining 75%, or 750,000 shares vest in equal quarterly installments on each of September 30, 2025, December 31, 2025 and March 31, 2026.

Issued pursuant to that certain Non statutory Inducement Award Agreement between the issuer and the reporting person dated July 17, 2025, which was approved by the issuer's compensation committee comprising of independent directors. 25%, or 250,000 shares of common stock, vested on June 30, 2025, 25%, or 250,000 shares of common stock, vested on Sep 30, 2025, 25%, or 250,000 shares of common stock, vested on Dec 31, 2025, the remaining 25%, or 250,000 shares vest on March 31, 2026.

Purchased at a per-unit price of $1.56 (each unit consisting of one share of common stock, .5 Series A Warrants and one Series B Warrant).

Purchased at a per-unit price of $1.56 (each unit consisting of one share of common stock, .5 Series A Warrants and one Series B Warrant).

Subject to adjustment on the reset date.

The Series A Warrants will become exercisable only after stockholder approval and will remain exercisable for a period of five years from the date that they are initially exercisable.

Purchased at a per-unit price of $1.56 (each unit consisting of one share of common stock, .5 Series A Warrants and one Series B Warrant).

The Series B Warrants are not exercisable for any shares initially, but upon the reset date will become exercisable for up to 128,208 shares of common stock, at an exercise price of $0.0001, and will remain exercisable until all Series B Warrants are exercised. The Series B Warrants will become exercisable only after stockholder approval.

No expiration date.

Purchased at a per-unit price of $4.28 (each unit consisting of one share of common stock, two Series A Warrants and one Series B Warrant) (or in the case of Pre-Funded Warrants, the per unit price was $4.28 less $0.0001 for each Pre-Funded Warrant purchased).

Subject to adjustment on the reset date.

The Series A Warrants will become exercisable only after stockholder approval and will remain exercisable for a period of five years from the date that they are initially exercisable.

Purchased at a per-unit price of $4.28 (each unit consisting of one share of common stock, two Series A Warrants and one Series B Warrant) (or in the case of Pre-Funded Warrants, the per unit price was $4.28 less $0.0001 for each Pre-Funded Warrant purchased).

The Series B Warrants are not exercisable for any shares initially, but upon the reset date will become exercisable for up to 2,517,625 shares of common stock, at an exercise price of $0.0001, and will remain exercisable until all Series B Warrants are exercised. The Series B Warrants will become exercisable only after stockholder approval.

Purchased at a per-unit price of $4.28 (each unit consisting of one share of common stock, two Series A Warrants and one Series B Warrant) (or in the case of Pre-Funded Warrants, the per unit price was $4.28 less $0.0001 for each Pre-Funded Warrant purchased).

No expiration date.

Purchased at a per-unit price of $4.28 (each unit consisting of one share of common stock, two Series A Warrants and one Series B Warrant) (or in the case of Pre-Funded Warrants, the per unit price was $4.28 less $0.0001 for each Pre-Funded Warrant purchased).

These shares were initially issued by Zoomcar, Inc. ("Zoomcar") and were exchanged for shares of common stock issued by Zoomcar Holdings, Inc. (the "Issuer") on December 28, 2023, upon the consummation by the Issuer of its initial business combination (the "Business Combination") with Zoomcar pursuant to that certain agreement and plan of merger, dated as of October 13, 2022, by and among Zoomcar, the Issuer and the other parties thereto (the "Merger Agreement").

These shares were issued as a result of the first amendment to the Merger Agreement, entered into by Zoomcar and the Issuer, among other parties on December 29, 2023, resulting in the issuance of the earnout shares contemplated by the Merger Agreement.

These shares were issued as a result of the first amendment to the Merger Agreement, entered into by Zoomcar and the Issuer, among other parties on December 29, 2023, resulting in the issuance of the earnout shares contemplated by the Merger Agreement.

These shares were issued as a result of the first amendment to the Merger Agreement, entered into by Zoomcar and the Issuer, among other parties on December 29, 2023, resulting in the issuance of the earnout shares contemplated by the Merger Agreement.

These shares were issued as a result of the first amendment to the Merger Agreement, entered into by Zoomcar and the Issuer, among other parties on December 29, 2023, resulting in the issuance of the earnout shares contemplated by the Merger Agreement.

Includes shares held of record by SuperZoom I LLC, SuperZoom II LLC and SuperZoom III LLC. Mr. Gullans is the manager of each of these entities and may be deemed to be the beneficial owner of shares held by them. Mr. Gullans disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

These shares were initially issued by Zoomcar, Inc. ("Zoomcar") and were exchanged for shares of common stock issued by Zoomcar Holdings, Inc. (the "Issuer") on December 28, 2023, upon the consummation by the Issuer of its initial business combination (the "Business Combination") with Zoomcar pursuant to that certain agreement and plan of merger, dated as of October 13, 2022, by and among Zoomcar, the Issuer and the other parties thereto (the "Merger Agreement").

These shares were initially issued by Zoomcar, Inc. ("Zoomcar") and were exchanged for shares of common stock issued by Zoomcar Holdings, Inc. (the "Issuer") on December 28, 2023, upon the consummation by the Issuer of its initial business combination (the "Business Combination") with Zoomcar pursuant to that certain agreement and plan of merger, dated as of October 13, 2022, by and among Zoomcar, the Issuer and the other parties thereto (the "Merger Agreement").

In connection with the Business Combination, ASBT was party to a subscription agreement (the "Closing Subscription Agreement"), pursuant to which ASBT agreed to purchase 1,666,666 newly issued shares of Common Stock from the issuer for aggregate proceeds of $5 million.

Mr. Ananda is chairman of the board of directors of LVN Enterprises, Inc., the trustee of ASBT, and may be deemed to hold beneficial ownership of the shares of Common Stock held directly by ASBT.

These shares were issued as a result of the first amendment to the Merger Agreement, entered into by Zoomcar and the Issuer, among other parties on December 29, 2023, resulting in the issuance of the earnout shares contemplated by the Merger Agreement.

These shares were initially issued by Zoomcar, Inc. ("Zoomcar") and were exchanged for shares of common stock issued by Zoomcar Holdings, Inc. (the "Issuer") on December 28, 2023, upon the consummation by the Issuer of its initial business combination (the "Business Combination") with Zoomcar pursuant to that certain agreement and plan of merger, dated as of October 13, 2022, by and among Zoomcar, the Issuer and the other parties thereto (the "Merger Agreement").

Includes shares held of record by SuperZoom I LLC, SuperZoom II LLC and SuperZoom III LLC. Mr. Gullans is the manager of each of these entities and may be deemed to be the beneficial owner of shares held by them. Mr. Gullans disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

In connection with the Business Combination, ASBT was party to a subscription agreement (the "Signing Subscription Agreement"), pursuant to which ASBT agreed to purchase 1,000,000 newly issued shares of Common Stock at a purchase price of $10.00 per share, contingent upon Closing. Furthermore, simultaneously with the signing of the Merger Agreement, ASBT invested an aggregate of $10 million in Zoomcar, in exchange for a convertible promissory note issued by Zoomcar to ASBT (the "ASBT Zoomcar Note"). On December 28, 2023, at the Closing, Zoomcar's repayment obligations under the ASBT Zoomcar Note was offset against ASBT's payment obligations under the Signing Subscription Agreement and ASBT received 1,071,506 newly issued shares of Common Stock in accordance with the terms of the Signing Subscription Agreement.

Mr. Ananda is chairman of the board of directors of LVN Enterprises, Inc., the trustee of ASBT, and may be deemed to hold beneficial ownership of the shares of Common Stock held directly by ASBT.

Represents warrants initially issued by Zoomcar, Inc. ("Zoomcar") and assumed by Zoomcar Holdings, Inc. (the "Issuer"), upon the consummation by the Issuer of its initial business combination pursuant to that certain agreement and plan of merger, dated as of October 13, 2022, by and among Zoomcar, the Issuer and the other parties thereto (the "Merger Agreement"). The warrants became excersiable on December 29, 2023 expire on December 29, 2028.

These shares were initially issued by Zoomcar, Inc. ("Zoomcar") and were exchanged for shares of common stock issued by Zoomcar Holdings, Inc. (the "Issuer") on December 28, 2023, upon the consummation by the Issuer of its initial business combination (the "Business Combination") with Zoomcar pursuant to that certain agreement and plan of merger, dated as of October 13, 2022, by and among Zoomcar, the Issuer and the other parties thereto (the "Merger Agreement").

These options were initially issued by Zoomcar and were exchanged for options issued by the Issuer on December 28, 2023, upon the consummation of the Business Combination. The options are fully vested and expire on January 20, 2025.

The Distribution resulted in the issuance of 4,270,000 shares of Common Stock to Ananda Small Business Trust ("ASBT").

Mr. Ananda is chairman of the board of directors of LVN Enterprises, Inc., the trustee of ASBT, and may be deemed to hold beneficial ownership of the shares of Common Stock held directly by ASBT.

Represents (i) 8,050,000 Class B ordinary shares of the issuer that were acquired by Innovative International Sponsor I LLC (the "Sponsor"), for which Mr. Ananda is the managing member, pursuant to a subscription agreement by and between the Sponsor and the issuer prior to the issuer's initial public offering and (ii) 960,000 Class A ordinary shares of the issuer purchased by the Sponsor in a private placement that closed simultaneously with the issuer's initial public offering. On December 28, 2023, the issuer consummated its initial business combination (the "Business Combination") with Zoomcar, Inc ("Zoomcar"). In connection with the closing of the Business Combination (the "Closing"), each then-outstanding ordinary share of the issuer was cancelled and converted into one share of common stock of the issuer, par value $0.0001 per share ("Common Stock").

On December 28, 2023, the Sponsor effected a distribution to its members (the "Distribution"), so that the Sponsor directly owns no shares of Common Stock.

Mr. Ananda is managing member of the Sponsor and may be deemed to hold beneficial ownership of the shares of Common Stock held directly by the Sponsor.

Represents warrants initially issued by Zoomcar, Inc. ("Zoomcar") and assumed by Zoomcar Holdings, Inc. (the "Issuer"), upon the consummation by the Issuer of its initial business combination pursuant to that certain agreement and plan of merger, dated as of October 13, 2022, by and among Zoomcar, the Issuer and the other parties thereto (the "Merger Agreement"). The warrants became excersiable on December 29, 2023 expire on December 29, 2028.

Represents Class B ordinary shares that were acquired by Innovative International Sponsor I LLC (the "Sponsor") pursuant to a subscription agreement by and between the Sponsor and the issuer prior to the issuer's initial public offering. On December 28, 2023, the issuer consummated its initial business combination (the "Business Combination") with Zoomcar, Inc. In connection with the closing of the Business Combination, each then-outstanding ordinary share of the issuer was cancelled and converted into one share of common stock of the issuer, par value $0.0001 per share ("Common Stock"). On December 28, 2023, the Sponsor effected a distribution to its members, resulting in the issuance of 162,500 shares of Common Stock to the reporting person, so that the reporting person directly owns a total of 162,500 shares of Common Stock.

Represents (i) 8,050,000 Class B ordinary shares of the issuer that were acquired by the reporting person pursuant to a subscription agreement by and between the reporting person and the issuer prior to the issuer's initial public offering and (ii) 960,000 Class A ordinary shares of the issuer purchased by the reporting person in a private placement that closed simultaneously with the issuer's initial public offering. On December 28, 2023, the issuer consummated its initial business combination (the "Business Combination") with Zoomcar, Inc. In connection with the closing of the Business Combination (the "Closing"), each then-outstanding ordinary share of the issuer was cancelled and converted into one share of common stock of the issuer, par value $0.0001 per share ("Common Stock").

On December 28, 2023, the reporting person effected a distribution to its members, so that the reporting person no longer owns shares of Common Stock.

Mohan Ananda is managing member of the reporting person and may be deemed to hold beneficial ownership of the shares of Common Stock held directly by the reporting person. Mr. Ananda disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Represents 960,000 Class A ordinary shares of the registrant purchased by Innovative International Sponsor I LLC (the "Sponsor") in a private placement that closed simultaneously with the registrant's initial public offering for an aggregate purchase price of $9,600,000.

As managing member of the Sponsor, the reporting person may be deemed to share beneficial ownership of the ordinary shares held directly by the Sponsor, and disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Represents 960,000 Class A ordinary shares of the registrant purchased by Innovative International Sponsor I LLC (the "Sponsor") in a private placement that closed simultaneously with the registrant's initial public offering for an aggregate purchase price of $9,600,000.

Mohan Ananda is managing member of the Sponsor and may be deemed to hold beneficial ownership of the ordinary shares held directly by the Sponsor. Mr. Ananda disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.