Zoomcar Holdings Inc. has entered into a new financing agreement with FirstFire Global Opportunities Fund, LLC. On December 10, 2025, the company closed a private placement offering, issuing a convertible promissory note with an original principal amount of $220,000 and pre-funded warrants to purchase 1,000,000 shares of Zoomcar's common stock. The note was issued at an original issue discount of $20,000, providing Zoomcar with net proceeds of $200,000. The note bears interest at 12% per annum and matures in 12 months, with provisions for scheduled repayments, prepayment at a discount, and a 50% default penalty on the principal in case of default. FirstFire also received piggyback registration rights and the right to benefit from more favorable terms in similar future financings within the next 12 months.