INPUT

Parameter Unit Value

Car Type Variant Hatchback q
Fuel Type Petrol /Diesel Diesel q
Funding Medium Loan/Own Funds Loan q
Loan Tenure Years 4
Loan Downpayment INR 110,000
Self Car Loan Interest Rate % 10.0%
ZAP Car Loan Interest Rate % 12.0%
No of Weekdays on ZAP Days Per Month 8
No of Weekends on ZAP Days Per Month 7
 SAVINGS #REF!
Comparison Unit Self Use ZAP ZAP Savings/(Loss)
On Road Price of Car INR #REF! #REF! #REF!
Loan Amount INR #REF! #REF! #REF!
EMI/Month INR #REF! #REF! #REF!
ZAP Earnings/Month INR - #REF! #REF!
Effective Cost/Month INR #REF! #REF! #REF!
Cost of Ownership (30 months)* INR #REF! #REF! #REF!
* Cost of Ownership includes Downpayment, Insurance, Tax/Registration, Rentals, EMI, Maintenance, Taxes a
ngs/(Loss)

EMI, Maintenance, Taxes and Resale Value

Petrol Loan Hatchback P Hatchback
Diesel Own Funds Premium Hatchback D Pr_Hatch
Assumptions D13 E13
Cost_of_Ownership

C14

F29 G29
 ASSUMPTIONS - CAPEX

Parameter Units Self Use ZAP

Ex showroom price INR 608,000 608,000
Discount* INR - 30,000
Ex showroom price after discountINR 608,000 578,000
Tax INR 53,630 23,000
Insurance (Zero Dep+Theft Cover) INR 24,320 42,560
RSA INR - 1,200
Accessories INR 20,000 20,000
Total on road price INR 705,950 664,760
Tax Y2 INR - 2,000
Tax Y3 INR - 6,500
Re-sale % after 30 months % 60% 45%
Interest Rate % % 10% 12%
Insurance Y2 INR 19,456 34,048
Insurance Y3 INR 15,565 27,238
* ZC Bulk Discount
 ASSUMPTIONS - OPEX
ZAP ZAP
Parameter Unit Self Use Weekday Weekend
Blended hourly price INR/hr - 110 150
Zoomcar cut % NA 25% 25%
Utilization % NA 60% 78%
Fuel Price Rs/Ltr NA 55 55
Mileage Kms/Ltr NA 17 17
Servicing & Maintenance cost INR/km 0.5 0.9 ###
In-car devices service charge INR/month NA 686 686
VAT rate % NA 12.5% 12.5%
Number of Days provided in month Days 16 8 7
Hours used by customers per month hr NA 115 131
Kms run by customers per month km NA 1,037 1,310
Self Use Kms per day km 40 NA NA
Kms run by investor km 640 NA NA
Fuel Cost/Kms Rs/Kms NA 3.2 3.2
 ASSOCIATE SAVINGS COST OF OWNERSHIP
Item Self Use ZAP
Gross Revenue/Month 32,328 Operating Cashflow - End of Y1
Zoomcar Cut (8,082) Gross Cash Flow from ZAP - 191,595
Associate Revenue Share 24,246 Downpayment (110,000) (110,000)
Fuel Cost (7,594) Servicing & Maintenance Cost (3,840) (29,190)
In-car Device Monthly Charge (686) VAT - (18,472)
Servicing & Maintenance Cost (2,112) EMI Paid (181,378) (175,308)
Associate Rental 13,854 Net cashflow (295,218) (141,374)
VAT (1,539) Operating Cashflow - End of Y2
Associate Savings/Month 12,314 Gross Cash Flow from ZAP - 191,595
Servicing & Maintenance Cost (3,840) (29,190)
VAT - (18,472)
EMI Paid (181,378) (175,308)
Insurance, Taxes and RSA (19,456) (37,248)
Net cashflow (204,674) (68,622)
Operating Cashflow - End of Y3 (only 6 months)
Gross Cash Flow from ZAP - 95,798
Servicing & Maintenance Cost (3,840) (14,595)
VAT - (9,236)
EMI Paid (90,689) (87,654)
Insurance, Taxes and RSA (15,565) (34,938)
Loan Foreclosure (251,674) (239,562)
Re-Sale Value 364,800 273,600
Net cashflow 3,032 (16,587)
Cost of ownership (30 months) 496,860 226,583
 ASSUMPTIONS - CAPEX

Parameter Units Self Use ZAP

Ex showroom price INR 483,000 483,000
Discount* INR - 20,000
Ex showroom price after discountINR 483,000 463,000
Tax INR 19,750 21,000
Insurance (Zero Dep+Theft Cover) INR 19,320 33,810
RSA INR - 1,200
Accessories INR 20,000 20,000
Total on road price INR 542,070 539,010
Tax Y2 INR - 2,000
Tax Y3 INR - 6,500
Re-sale % after 30 months % 60% 40%
Interest Rate % % 10% 12%
Insurance Y2 INR 15,456 27,048
Insurance Y3 INR 12,365 21,638
* ZC Bulk Discount
 ASSUMPTIONS - OPEX
ZAP ZAP
Parameter Unit Self Use Weekday Weekend
Blended hourly price INR/hr - 110 150
Zoomcar cut % NA 25% 25%
Utilization % NA 60% 78%
Fuel Price Rs/Ltr NA 67 67
Mileage Kms/Ltr NA 15 15
Servicing & Maintenance cost INR/km 0.4 0.7 ###
In-car devices service charge INR/month NA 686 686
VAT rate % NA 12.5% 12.5%
Number of Days provided in month Days 16 8 7
Hours used by customers per month hr NA 115 131
Kms run by customers per month km NA 1,037 1,310
Self Use Kms per day km 40 NA NA
Kms run by investor km 640 NA NA
Fuel Cost/Kms Rs/Kms NA 4.5 4.5
 ASSOCIATE SAVINGS COST OF OWNERSHIP
Item Self Use ZAP
Gross Revenue/Month 32,328 Operating Cashflow - End of Y1
Zoomcar Cut (8,082) Gross Cash Flow from ZAP - 156,912
Associate Revenue Share 24,246 Downpayment (110,000) (110,000)
Fuel Cost (10,484) Servicing & Maintenance Cost (3,072) (22,788)
In-car Device Monthly Charge (686) VAT - (15,244)
Servicing & Maintenance Cost (1,643) EMI Paid (131,501) (135,570)
Associate Rental 11,433 Net cashflow (244,573) (126,690)
VAT (1,270) Operating Cashflow - End of Y2
Associate Savings/Month 10,163 Gross Cash Flow from ZAP - 156,912
Servicing & Maintenance Cost (3,072) (22,788)
VAT - (15,244)
EMI Paid (131,501) (135,570)
Insurance, Taxes and RSA (15,456) (30,248)
Net cashflow (150,029) (46,938)
Operating Cashflow - End of Y3 (only 6 months)
Gross Cash Flow from ZAP - 78,456
Servicing & Maintenance Cost (3,072) (11,394)
VAT - (7,622)
EMI Paid (65,750) (67,785)
Insurance, Taxes and RSA (12,365) (29,338)
Loan Foreclosure (182,467) (185,259)
Re-Sale Value 289,800 193,200
Net cashflow 26,146 (29,743)
Cost of ownership (30 months) 368,456 203,371
 ASSUMPTIONS - CAPEX

Parameter Units Self Use ZAP

Ex showroom price INR 647,000 647,000
Discount* INR - 10,000
Ex showroom price after discountINR 647,000 637,000
Tax INR 57,043 23,000
Insurance (Zero Dep+Theft Cover) INR 25,880 45,290
RSA INR - 1,200
Accessories INR 20,000 20,000
Total on road price INR 749,923 726,490
Tax Y2 INR - 2,000
Tax Y3 INR - 6,500
Re-sale % after 30 months % 60% 45%
Interest Rate % % 10% 12%
Insurance Y2 INR 20,704 36,232
Insurance Y3 INR 16,563 28,986
* ZC Bulk Discount
 ASSUMPTIONS - OPEX
ZAP ZAP
Parameter Unit Self Use Weekday Weekend
Blended hourly price INR/hr - 130 170
Zoomcar cut % NA 25% 25%
Utilization % NA 60% 78%
Fuel Price Rs/Ltr NA 55 55
Mileage Kms/Ltr NA 17 17
Servicing & Maintenance cost INR/km 0.5 0.9 ###
In-car devices service charge INR/month NA 686 686
VAT rate % NA 12.5% 12.5%
Number of Days provided in month Days 16 8 7
Hours used by customers per month hr NA 115 131
Kms run by customers per month km NA 1,037 1,310
Self Use Kms per day km 40 NA NA
Kms run by investor km 640 NA NA
Fuel Cost/Kms Rs/Kms NA 3.2 3.2
 ASSOCIATE SAVINGS COST OF OWNERSHIP
Item Self Use ZAP
Gross Revenue/Month 37,253 Operating Cashflow - End of Y1
Zoomcar Cut (9,313) Gross Cash Flow from ZAP - 235,918
Associate Revenue Share 27,940 Downpayment (110,000) (110,000)
Fuel Cost (7,594) Servicing & Maintenance Cost (3,840) (29,190)
In-car Device Monthly Charge (686) VAT - (23,397)
Servicing & Maintenance Cost (2,112) EMI Paid (194,761) (194,815)
Associate Rental 17,547 Net cashflow (308,601) (121,482)
VAT (1,950) Operating Cashflow - End of Y2
Associate Savings/Month 15,598 Gross Cash Flow from ZAP - 235,918
Servicing & Maintenance Cost (3,840) (29,190)
VAT - (23,397)
EMI Paid (194,761) (194,815)
Insurance, Taxes and RSA (20,704) (39,432)
Net cashflow (219,305) (50,914)
Operating Cashflow - End of Y3 (only 6 months)
Gross Cash Flow from ZAP - 117,959
Servicing & Maintenance Cost (3,840) (14,595)
VAT - (11,698)
EMI Paid (97,381) (97,407)
Insurance, Taxes and RSA (16,563) (36,686)
Loan Foreclosure (270,244) (266,218)
Re-Sale Value 388,200 291,150
Net cashflow 172 (17,495)
Cost of ownership (30 months) 527,734 189,892
 ASSUMPTIONS - CAPEX

Parameter Units Self Use ZAP

Ex showroom price INR 526,000 526,000
Discount* INR - 10,000
Ex showroom price after discountINR 526,000 516,000
Tax INR 21,470 21,000
Insurance (Zero Dep+Theft Cover) INR 21,040 36,820
RSA INR - 1,200
Accessories INR 20,000 20,000
Total on road price INR 588,510 595,020
Tax Y2 INR - 2,000
Tax Y3 INR - 6,500
Re-sale % after 30 months % 60% 40%
Interest Rate % % 10% 12%
Insurance Y2 INR 16,832 29,456
Insurance Y3 INR 13,466 23,565
* ZC Bulk Discount
 ASSUMPTIONS - OPEX
ZAP ZAP
Parameter Unit Self Use Weekday Weekend
Blended hourly price INR/hr - 130 170
Zoomcar cut % NA 25% 25%
Utilization % NA 60% 78%
Fuel Price Rs/Ltr NA 67 67
Mileage Kms/Ltr NA 15 15
Servicing & Maintenance cost INR/km 0.4 0.7 ###
In-car devices service charge INR/month NA 686 686
VAT rate % NA 12.5% 12.5%
Number of Days provided in month Days 16 8 7
Hours used by customers per month hr NA 115 131
Kms run by customers per month km NA 1,037 1,310
Self Use Kms per day km 40 NA NA
Kms run by investor km 640 NA NA
Fuel Cost/Kms Rs/Kms NA 4.5 4.5
 ASSOCIATE SAVINGS COST OF OWNERSHIP
Item Self Use ZAP
Gross Revenue/Month 37,253 Operating Cashflow - End of Y1
Zoomcar Cut (9,313) Gross Cash Flow from ZAP - 201,235
Associate Revenue Share 27,940 Downpayment (110,000) (110,000)
Fuel Cost (10,484) Servicing & Maintenance Cost (3,072) (22,788)
In-car Device Monthly Charge (686) VAT - (20,169)
Servicing & Maintenance Cost (1,643) EMI Paid (145,635) (153,269)
Associate Rental 15,127 Net cashflow (258,707) (104,991)
VAT (1,681) Operating Cashflow - End of Y2
Associate Savings/Month 13,446 Gross Cash Flow from ZAP - 201,235
Servicing & Maintenance Cost (3,072) (22,788)
VAT - (20,169)
EMI Paid (145,635) (153,269)
Insurance, Taxes and RSA (16,832) (32,656)
Net cashflow (165,539) (27,647)
Operating Cashflow - End of Y3 (only 6 months)
Gross Cash Flow from ZAP - 100,618
Servicing & Maintenance Cost (3,072) (11,394)
VAT - (10,084)
EMI Paid (72,817) (76,635)
Insurance, Taxes and RSA (13,466) (31,265)
Loan Foreclosure (202,079) (209,446)
Re-Sale Value 315,600 210,400
Net cashflow 24,166 (27,806)
Cost of ownership (30 months) 400,080 160,445