2024 Q3 Form 10-Q Financial Statement
#000121390024068999 Filed on August 14, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 | 2024 Q1 |
---|---|---|---|
Revenue | $2.247M | $2.241M | $2.180M |
YoY Change | |||
Cost Of Revenue | $1.213M | $1.512M | $1.890M |
YoY Change | -55.67% | -58.12% | |
Gross Profit | $1.033M | $728.7K | $290.1K |
YoY Change | -137.75% | -120.18% | |
Gross Profit Margin | 46.0% | 32.52% | 13.31% |
Selling, General & Admin | $1.871M | $3.201M | $3.728M |
YoY Change | -43.69% | -38.19% | |
% of Gross Profit | 181.02% | 439.34% | 1285.08% |
Research & Development | $734.9K | $901.8K | $837.9K |
YoY Change | -20.11% | -32.04% | |
% of Gross Profit | 71.11% | 123.75% | 288.83% |
Depreciation & Amortization | $100.8K | $113.3K | $247.0K |
YoY Change | -60.48% | -55.64% | |
% of Gross Profit | 9.75% | 15.55% | 85.13% |
Operating Expenses | $2.606M | $4.103M | $4.602M |
YoY Change | 118.88% | 379.78% | 313.5% |
Operating Profit | -$1.572M | -$3.375M | -$4.312M |
YoY Change | 32.07% | 294.58% | 287.44% |
Interest Expense | $131.2K | $980.0K | -$187.6K |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$177.3K | -$48.05K | -$2.939M |
YoY Change | |||
Pretax Income | -$3.352M | -$2.532M | -$7.519M |
YoY Change | 326.51% | 451.79% | 12677.01% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$3.352M | -$2.532M | -$7.519M |
YoY Change | 326.52% | 451.79% | 12676.79% |
Net Earnings / Revenue | -149.18% | -112.97% | -344.89% |
Basic Earnings Per Share | -$4.43 | -$0.04 | |
Diluted Earnings Per Share | -$4.43 | -$0.04 | -$0.12 |
COMMON SHARES | |||
Basic Shares Outstanding | 75.70M shares | 75.27M shares | 62.87M shares |
Diluted Shares Outstanding | 757.0K shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 | 2024 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.601M | $1.795M | |
YoY Change | 4311.05% | 3470.0% | |
Cash & Equivalents | $614.2K | $1.583M | $1.496M |
Short-Term Investments | $17.29K | $298.5K | |
Other Short-Term Assets | $384.3K | $379.5K | $523.7K |
YoY Change | 1030.24% | 244.7% | 182.31% |
Inventory | $41.00K | $2.000M | |
Prepaid Expenses | $564.6K | $980.3K | $1.445M |
Receivables | $102.7K | $164.5K | $194.2K |
Other Receivables | $504.0K | $427.7K | |
Total Short-Term Assets | $2.640M | $4.256M | $5.060M |
YoY Change | 4510.18% | 2807.12% | 2045.79% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.263M | $1.367M | $1.559M |
YoY Change | -42.86% | ||
Goodwill | |||
YoY Change | |||
Intangibles | $8.605K | $9.615K | $18.39K |
YoY Change | |||
Long-Term Investments | $75.11K | $91.95K | |
YoY Change | -99.78% | -99.72% | |
Other Assets | $819.0K | $817.5K | $808.7K |
YoY Change | 89.99% | ||
Total Long-Term Assets | $3.550M | $3.769M | $4.113M |
YoY Change | -88.45% | -88.9% | -87.56% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.640M | $4.256M | $5.060M |
Total Long-Term Assets | $3.550M | $3.769M | $4.113M |
Total Assets | $6.189M | $8.025M | $9.173M |
YoY Change | -79.9% | -76.46% | -72.45% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $15.75M | $15.50M | $14.28M |
YoY Change | 97.2% | 114.42% | 105.89% |
Accrued Expenses | $310.6K | $365.5K | |
YoY Change | |||
Deferred Revenue | $589.7K | $716.1K | |
YoY Change | -8.96% | ||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | $3.664M | $18.56M | $5.049M |
YoY Change | 256.64% | ||
Total Short-Term Liabilities | $37.66M | $38.10M | $31.30M |
YoY Change | 239.95% | 288.31% | 265.95% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | ||
YoY Change | |||
Other Long-Term Liabilities | $1.390M | $1.501M | |
YoY Change | -88.51% | -87.59% | |
Total Long-Term Liabilities | $1.390M | $0.00 | |
YoY Change | -88.51% | -100.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $37.66M | $38.10M | $31.30M |
Total Long-Term Liabilities | $1.390M | $0.00 | |
Total Liabilities | $38.95M | $39.49M | $42.86M |
YoY Change | 68.05% | 80.23% | 107.56% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$313.4M | -$310.1M | -$307.6M |
YoY Change | 1255.65% | 1324.53% | 1406.33% |
Common Stock | $276.9M | $276.9M | $272.1M |
YoY Change | 1128.69% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$32.76M | -$31.47M | -$33.69M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.189M | $8.025M | $9.173M |
YoY Change | -79.9% | -76.46% | -72.45% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 | 2024 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.352M | -$2.532M | -$7.519M |
YoY Change | 326.52% | 451.79% | 12676.79% |
Depreciation, Depletion And Amortization | $100.8K | $113.3K | $247.0K |
YoY Change | -60.48% | -55.64% | |
Cash From Operating Activities | -$720.2K | -$1.776M | -$13.66M |
YoY Change | 85.56% | 245.61% | 2867.87% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $81.43K | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $67.79K | $317.0K | $144.3K |
YoY Change | -98.13% | -164.05% | -99.93% |
Cash From Investing Activities | $67.79K | $317.0K | $62.82K |
YoY Change | -98.13% | -164.05% | -99.97% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -302.3K | $1.561M | 8.998M |
YoY Change | -90.68% | 56.92% | -104.38% |
NET CHANGE | |||
Cash From Operating Activities | -720.2K | -$1.776M | -13.66M |
Cash From Investing Activities | 67.79K | $317.0K | 62.82K |
Cash From Financing Activities | -302.3K | $1.561M | 8.998M |
Net Change In Cash | -954.7K | $102.0K | -4.597M |
YoY Change | 7187.79% | -828.93% | -11638.23% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$720.2K | -$1.776M | -$13.66M |
Capital Expenditures | $81.43K | ||
Free Cash Flow | -$13.74M | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q1 | us-gaap |
Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
|
2572825 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1367067 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1558980 | usd |
CY2024Q2 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
4107323 | usd |
CY2024Q1 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
4117406 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1367067 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1558980 | usd |
CY2024Q2 | us-gaap |
Depreciation
Depreciation
|
112348 | usd |
CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
255481 | usd |
CY2024Q2 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
74873 | usd |
CY2023Q2 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
208935 | usd |
CY2024Q2 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
37475 | usd |
CY2023Q2 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
46546 | usd |
CY2024Q2 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
136043 | usd |
CY2024 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
625523 | usd |
CY2024Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
108245 | usd |
CY2024 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
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Short Term Lease Cost
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|
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Operating Lease Right Of Use Asset
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Operating Lease Right Of Use Asset
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|
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CY2024Q2 | dei |
Document Type
DocumentType
|
10-Q | |
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Document Quarterly Report
DocumentQuarterlyReport
|
true | |
CY2024Q2 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-06-30 | |
CY2024Q2 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2024Q2 | dei |
Entity File Number
EntityFileNumber
|
001-40964 | |
CY2024Q2 | dei |
Entity Registrant Name
EntityRegistrantName
|
ZOOMCAR HOLDINGS, INC. | |
CY2024Q2 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | |
CY2024Q2 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
99-0431609 | |
CY2024Q2 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
Anjaneya Techno Park | |
CY2024Q2 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
No.147 | |
CY2024Q2 | dei |
Entity Address Address Line3
EntityAddressAddressLine3
|
1st Floor Kodihalli | |
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Entity Address City Or Town
EntityAddressCityOrTown
|
Bangalore | |
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|
IN | |
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Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
560008 | |
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City Area Code
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|
+91 | |
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Local Phone Number
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80488 21871 | |
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Yes | |
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Yes | |
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Non-accelerated Filer | |
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Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
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Common Stock Par Or Stated Value Per Share
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|
2398912 | usd |
CY2023Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2473779 | usd |
CY2024Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
5615553 | usd |
CY2023Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
10117602 | usd |
CY2024Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3374568 | usd |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7502984 | usd |
CY2024Q2 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
551003 | usd |
CY2023Q2 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
21520558 | usd |
CY2023Q2 | ioacu |
Finance Costs To Related Parties
FinanceCostsToRelatedParties
|
12861 | usd |
CY2024Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
1393992 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
251219 | usd |
CY2023Q2 | ioacu |
Other Income From Related Parties
OtherIncomeFromRelatedParties
|
4050 | usd |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2531579 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-28781134 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2531579 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-28781134 | usd |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-59.61 | |
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-59.61 | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
68512629 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
482814 | shares |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2531579 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-28781134 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
28355 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-44777 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
63511 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
74078 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
|
1679 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
|
5322 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-36835 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-124177 | usd |
CY2024Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2568414 | usd |
CY2023Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-28905311 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-246031716 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
444212 | usd |
CY2023Q2 | ioacu |
Gain On Employee Benefitnet
GainOnEmployeeBenefitnet
|
-79400 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-28781134 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-44777 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-274492815 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-33692188 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
2324696 | usd |
CY2024Q2 | ioacu |
Issue Of Common Stock Warrants Along With Redeemable Promissory Notes
IssueOfCommonStockWarrantsAlongWithRedeemablePromissoryNotes
|
2047925 | usd |
CY2024Q2 | ioacu |
Issue Of Common Stock Warrants To Placement Agents
IssueOfCommonStockWarrantsToPlacementAgents
|
418157 | usd |
CY2024Q2 | ioacu |
Gain On Employee Benefitnet
GainOnEmployeeBenefitnet
|
-65190 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2531579 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
28355 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-31469824 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2531579 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-28781134 | usd |
CY2024Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
113327 | usd |
CY2023Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
255481 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
444212 | usd |
CY2023Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-245143 | usd |
CY2023Q2 | ioacu |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
-420022 | usd |
CY2023Q2 | ioacu |
Change In Fair Value Of Senior Subordinated Convertible Promissory Notes
ChangeInFairValueOfSeniorSubordinatedConvertiblePromissoryNotes
|
-10519247 | usd |
CY2023Q2 | ioacu |
Change In Fair Value Of Derivative Financial Instruments
ChangeInFairValueOfDerivativeFinancialInstruments
|
-9222809 | usd |
CY2023Q2 | ioacu |
Senior Subordinated Convertible Promissory Notes Issue Expenses
SeniorSubordinatedConvertiblePromissoryNotesIssueExpenses
|
1038622 | usd |
CY2024Q2 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
146762 | usd |
CY2024Q2 | ioacu |
Gain On Termination Modification Of Finance Leases
GainOnTerminationModificationOfFinanceLeases
|
-136044 | usd |
CY2024Q2 | ioacu |
Other Borrowing Cost
OtherBorrowingCost
|
-6372 | usd |
CY2024Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
-1360238 | usd |
CY2024Q2 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
2431 | usd |
CY2023Q2 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
-66540 | usd |
CY2024Q2 | us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
2324 | usd |
CY2023Q2 | us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
-5018 | usd |
CY2024Q2 | ioacu |
Liabilities Written Back
LiabilitiesWrittenBack
|
-222741 | usd |
CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
1474 | usd |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
8428 | usd |
CY2024Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-424 | usd |
CY2023Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-1109 | usd |
CY2024Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-3269428 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-7044789 | usd |
CY2024Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-28791 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-24720 | usd |
CY2024Q2 | ioacu |
Increase Decrease In Balances With Government Authorities
IncreaseDecreaseInBalancesWithGovernmentAuthorities
|
79610 | usd |
CY2023Q2 | ioacu |
Increase Decrease In Balances With Government Authorities
IncreaseDecreaseInBalancesWithGovernmentAuthorities
|
38750 | usd |
CY2024Q2 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-473333 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-579245 | usd |
CY2024Q2 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-47413 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-32423 | usd |
CY2024Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1245105 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1878 | usd |
CY2024Q2 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
70938 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-186569 | usd |
CY2024Q2 | us-gaap |
Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
|
-135530 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
|
118706 | usd |
CY2024Q2 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-157424 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
80726 | usd |
CY2024Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1776412 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6436166 | usd |
CY2023Q2 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
113013 | usd |
CY2023Q2 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
123663 | usd |
CY2024Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
14853 | usd |
CY2024Q2 | ioacu |
Proceeds From Sale Of Asset Held For Sale
ProceedsFromSaleOfAssetHeldForSale
|
4577 | usd |
CY2023Q2 | ioacu |
Proceeds From Sale Of Asset Held For Sale
ProceedsFromSaleOfAssetHeldForSale
|
58982 | usd |
CY2024Q2 | us-gaap |
Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
|
297610 | usd |
CY2023Q2 | us-gaap |
Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
|
31288 | usd |
CY2024Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
317040 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-146406 | usd |
CY2023Q2 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
8655330 | usd |
CY2023Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1038622 | usd |
CY2024Q2 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
3000000 | usd |
CY2024Q2 | ioacu |
Payment Of Senior Subordinated Convertible Promissory Notes Issue Expenses
PaymentOfSeniorSubordinatedConvertiblePromissoryNotesIssueExpenses
|
491500 | usd |
CY2024Q2 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
947173 | usd |
CY2023Q2 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
362164 | usd |
CY2023Q2 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
243758 | usd |
CY2024Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1561327 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
7010786 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
101955 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
428214 | usd |
CY2024Q2 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-14616 | usd |
CY2023Q2 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-40791 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1496144 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3686741 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1583483 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4074164 | usd |
CY2024Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
1583483 | usd |
CY2023Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
4074164 | usd |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1583483 | usd |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4074164 | usd |
CY2024Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
120 | usd |
CY2023Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-31997 | usd |
CY2024Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
8471 | usd |
CY2023Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
112629 | usd |
CY2024Q2 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
2324696 | usd |
CY2024Q2 | ioacu |
Assumption Of Unsecured Promissory Note On Reverse Recapitalization
AssumptionOfUnsecuredPromissoryNoteOnReverseRecapitalization
|
2047925 | usd |
CY2024Q2 | ioacu |
Warrants Issued On Completion Of Reverse Recapitialization
WarrantsIssuedOnCompletionOfReverseRecapitialization
|
418157 | usd |
CY2024Q2 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"><b>1.</b></td><td><b>Organization, Business operation and Going concern.</b></td></tr></table> <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Zoomcar Holdings, Inc. <i>(formerly “Innovative International Acquisition Corp”) </i>a Delaware corporation provides mobility solutions to consumers and businesses. The accompanying Condensed Consolidated Financial Statements include the accounts and transactions of Zoomcar Holdings, Inc. and its subsidiaries (collectively, the “Company” or “the combined entity” or “Zoomcar”). The Company operates its facilitation services under the Zoomcar brand with its operations in India.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">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:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">◾</span></td><td style="text-align: justify">Zoomcar, Inc’s shareholders, prior to the Reverse Recapitalization, have the largest voting interest in the post-combination Company;</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">◾</span></td><td style="text-align: justify">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);</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">◾</span></td><td style="text-align: justify">The executive officers of Zoomcar, Inc. became the initial executive officers of the Company after the Reverse Recapitalization;</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">◾</span></td><td style="text-align: justify">Zoomcar, Inc., is the larger entity, in terms of substantive operations and employee base;</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">◾</span></td><td style="text-align: justify">Zoomcar, Inc., will comprise the ongoing operations of the combined entity; and</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">◾</span></td><td style="text-align: justify">The combined entity will continue under the name of Zoomcar Holdings, Inc.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b>Going concern</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 52.3pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">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:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">a.</span></td><td style="text-align: justify">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.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">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.</p> | |
CY2024Q2 | ioacu |
Board Of Directors
BoardOfDirectors
|
five | |
CY2024Q2 | ioacu |
Exchange Ratio Of Reverse Recapitalization
ExchangeRatioOfReverseRecapitalization
|
0.0284 | pure |
CY2024Q2 | us-gaap |
Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
|
2531579 | usd |
CY2024Q2 | us-gaap |
Investments And Cash
InvestmentsAndCash
|
1776412 | usd |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-310083080 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-307551501 | usd |
CY2024Q2 | ioacu |
Working Capital
WorkingCapital
|
33848408 | usd |
CY2024Q2 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
30000000 | usd |
CY2024Q2 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><b>(c)</b></td><td style="text-align: justify"><b>Use of estimates and assumptions</b></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify">Estimates and underlying assumptions are reviewed on an ongoing basis.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify">The significant estimates, judgments and assumptions that affect the Condensed Consolidated Financial Statements include, but are not limited to; are:</p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">a.</span></td><td style="text-align: justify">Estimation of defined benefit obligation</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">b.</span></td><td style="text-align: justify">Estimation of useful lives and residual values of property, plant & equipment, and intangible assets</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">c.</span></td><td style="text-align: justify">Fair value measurement of financial instruments</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">d.</span></td><td style="text-align: justify">Fair value measurement of share based payments</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">e.</span></td><td style="text-align: justify">Leases – assumption to determine the incremental borrowing rate.</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">f.</span></td><td style="text-align: justify">Valuation allowance on deferred tax assets</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">g.</span></td><td style="text-align: justify">Estimation of utilization of balances with government authorities</td> </tr></table> | |
CY2024Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
18806 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
96710 | usd |
CY2024Q2 | ioacu |
Number Of Kilometer For Disposal Vehicles
NumberOfKilometerForDisposalVehicles
|
120000 | kilometers |
CY2024Q2 | ioacu |
Number Of Kilometer For Disposal Vehicles
NumberOfKilometerForDisposalVehicles
|
75000 | miles |
CY2024Q2 | ioacu |
Net Proceeds Of Common Stock
NetProceedsOfCommonStock
|
5770630 | usd |
CY2024Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
17100000 | usd |
CY2024Q1 | us-gaap |
Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
|
10947805 | usd |
CY2024Q2 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
20000000 | shares |
CY2024Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q2 | ioacu |
Reverse Recapitalization Exchange Ratio
ReverseRecapitalizationExchangeRatio
|
0.0284 | pure |
CY2024Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
11500000 | shares |
CY2024Q2 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
1 | shares |
CY2024Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
5.71 | |
CY2023Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
3 | |
CY2023Q4 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
5000000 | usd |
CY2024 | us-gaap |
Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
|
27327481 | shares |
CY2024 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
9192377 | shares |
CY2024 | ioacu |
Stock Issued During Period Shares Related Party
StockIssuedDuringPeriodSharesRelatedParty
|
2738172 | shares |
CY2024 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
3617333 | shares |
CY2024 | ioacu |
Reverse Recapitalization Shares
ReverseRecapitalizationShares
|
42875363 | shares |
CY2024Q2 | us-gaap |
Cash And Due From Banks
CashAndDueFromBanks
|
1582221 | usd |
CY2024Q1 | us-gaap |
Cash And Due From Banks
CashAndDueFromBanks
|
1495097 | usd |
CY2024Q2 | us-gaap |
Cash
Cash
|
1262 | usd |
CY2024Q1 | us-gaap |
Cash
Cash
|
1047 | usd |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1583483 | usd |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1496144 | usd |
CY2024Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
178203 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
207971 | usd |
CY2024Q2 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
13740 | usd |
CY2024Q1 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
13774 | usd |
CY2024Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
164463 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
194197 | usd |
CY2024Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
13774 | usd |
CY2024Q2 | us-gaap |
Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
|
4343872 | usd |
CY2024Q1 | us-gaap |
Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
|
4277019 | usd |
CY2024Q2 | ioacu |
Impairment Charges
ImpairmentCharges
|
3839890 | usd |
CY2024Q1 | ioacu |
Impairment Charges
ImpairmentCharges
|
3849317 | usd |
CY2024Q2 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
503982 | usd |
CY2024Q1 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
427702 | usd |
CY2024Q2 | us-gaap |
Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
|
3914 | usd |
CY2024Q1 | us-gaap |
Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
|
18126 | usd |
CY2024Q2 | us-gaap |
Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
|
3914 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
|
18126 | usd |
CY2024Q1 | ioacu |
Allowance For Impairment Of Tax Credits
AllowanceForImpairmentOfTaxCredits
|
-3849317 | usd |
CY2024Q2 | ioacu |
Impairment Charges
ImpairmentCharges
|
3839890 | usd |
CY2024Q1 | ioacu |
Impairment Charges
ImpairmentCharges
|
3849317 | usd |
CY2024Q2 | us-gaap |
Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
|
17288 | usd |
CY2024Q1 | us-gaap |
Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
|
298495 | usd |
CY2024Q2 | us-gaap |
Short Term Investments
ShortTermInvestments
|
17288 | usd |
CY2024Q1 | us-gaap |
Short Term Investments
ShortTermInvestments
|
298495 | usd |
CY2024Q2 | us-gaap |
Deposits Assets
DepositsAssets
|
127609 | usd |
CY2024Q2 | us-gaap |
Security Deposit
SecurityDeposit
|
47821 | usd |
CY2024Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
98813 | usd |
CY2024Q2 | ioacu |
Franchise Tax Refund Receivable
FranchiseTaxRefundReceivable
|
84490 | usd |
CY2024Q1 | ioacu |
Franchise Tax Refund Receivable
FranchiseTaxRefundReceivable
|
84490 | usd |
CY2024Q2 | ioacu |
Advance To Employees
AdvanceToEmployees
|
6492 | usd |
CY2024Q1 | ioacu |
Advance To Employees
AdvanceToEmployees
|
15159 | usd |
CY2024Q2 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
90023 | usd |
CY2024Q1 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
90244 | usd |
CY2024Q2 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
9182 | usd |
CY2024Q1 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
9094 | usd |
CY2024Q2 | us-gaap |
Supplies
Supplies
|
40998 | usd |
CY2024Q1 | us-gaap |
Supplies
Supplies
|
9370 | usd |
CY2024Q2 | us-gaap |
Other Receivables
OtherReceivables
|
100507 | usd |
CY2024Q1 | us-gaap |
Other Receivables
OtherReceivables
|
216576 | usd |
CY2024Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
379513 | usd |
CY2024Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
523746 | usd |
CY2024Q1 | ioacu |
Advance To Director
AdvanceToDirector
|
44168 | usd |
CY2024Q1 | ioacu |
Other Current Assets With Related Parties
OtherCurrentAssetsWithRelatedParties
|
44168 | usd |
CY2024Q2 | ioacu |
Assets Held For Sale Vehicles Current
AssetsHeldForSaleVehiclesCurrent
|
626715 | usd |
CY2024Q1 | ioacu |
Assets Held For Sale Vehicles Current
AssetsHeldForSaleVehiclesCurrent
|
629908 | usd |
CY2024Q2 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
626715 | usd |
CY2024Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
629908 | usd |
CY2024Q2 | ioacu |
Gain Loss On Disposition Of Vehicles Held For Sale
GainLossOnDispositionOfVehiclesHeldForSale
|
2923 | usd |
CY2023Q2 | ioacu |
Gain Loss On Disposition Of Vehicles Held For Sale
GainLossOnDispositionOfVehiclesHeldForSale
|
39856 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3984244 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4131805 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
|
2617177 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
4107323 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
4117406 | usd |
CY2024Q2 | us-gaap |
Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
|
-1801726 | usd |
CY2024 | us-gaap |
Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
|
-1806149 | usd |
CY2024Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
5866368 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
5738239 | usd |
CY2024Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
5866368 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
5738239 | usd |
CY2024Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P57M | |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P58M | |
CY2024Q2 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P27M | |
CY2024Q1 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P30M | |
CY2024Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.13 | pure |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.13 | pure |
CY2024Q2 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.09 | pure |
CY2024Q1 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.09 | pure |
CY2024Q1 | us-gaap |
Lease Deposit Liability
LeaseDepositLiability
|
363545 | usd |
CY2024Q2 | us-gaap |
Short Term Lease Commitment Amount
ShortTermLeaseCommitmentAmount
|
5686946 | usd |
CY2024Q2 | ioacu |
Equated Monthly Instalment Interest Rate On Overdue
EquatedMonthlyInstalmentInterestRateOnOverdue
|
0.01 | pure |
CY2024Q2 | ioacu |
Equated Monthly Instalment Overdue Amount
EquatedMonthlyInstalmentOverdueAmount
|
51662 | usd |
CY2024Q2 | ioacu |
Equated Monthly Instalment Interest Rate On Unpaid Overdue
EquatedMonthlyInstalmentInterestRateOnUnpaidOverdue
|
0.015 | pure |
CY2024Q2 | ioacu |
Overdue Unpaid Term Of Contract
OverdueUnpaidTermOfContract
|
P60D | |
CY2024Q2 | ioacu |
Outstanding Debt Due And Payable
OutstandingDebtDueAndPayable
|
1200000 | usd |
CY2024Q2 | ioacu |
Outstanding Debt Due And Payable
OutstandingDebtDueAndPayable
|
10000000 | inr |
CY2024Q2 | ioacu |
Percentage Of Debt Due And Payable Interest
PercentageOfDebtDueAndPayableInterest
|
0.015 | pure |
CY2024Q1 | us-gaap |
Deposit Assets
DepositAssets
|
127296 | usd |
CY2024Q2 | ioacu |
Conditional Waiver
ConditionalWaiver
|
1200000 | usd |
CY2024Q2 | ioacu |
Percentage Of Interest Charge
PercentageOfInterestCharge
|
0.15 | pure |
CY2024Q2 | us-gaap |
Long Term Investments
LongTermInvestments
|
75107 | usd |
CY2023Q1 | us-gaap |
Long Term Investments
LongTermInvestments
|
91947 | usd |
CY2024Q2 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
360024 | usd |
CY2024Q1 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
350149 | usd |
CY2024Q2 | ioacu |
Other Receivables Non Current
OtherReceivablesNonCurrent
|
457467 | usd |
CY2024Q1 | ioacu |
Other Receivables Non Current
OtherReceivablesNonCurrent
|
458590 | usd |
CY2024Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
817491 | usd |
CY2024Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
808739 | usd |
CY2024Q2 | us-gaap |
Deposit Assets
DepositAssets
|
130238 | usd |
CY2024Q2 | us-gaap |
Litigation Settlement Interest
LitigationSettlementInterest
|
25804 | usd |
CY2024 | us-gaap |
Payments For Other Deposits
PaymentsForOtherDeposits
|
35994 | usd |
CY2024Q2 | us-gaap |
Payments For Other Deposits
PaymentsForOtherDeposits
|
47875 | usd |
CY2024Q2 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
4092087 | usd |
CY2024Q1 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
5049483 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
4092087 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
4092087 | usd |
CY2024Q2 | us-gaap |
Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
|
28725 | usd |
CY2024Q2 | ioacu |
Redeemable Promissory Note
RedeemablePromissoryNote
|
3615000 | usd |
CY2024Q2 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2647925 | usd |
CY2024 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2647925 | usd |
CY2024Q2 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
909657 | usd |
CY2024 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
909657 | usd |
CY2024Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
3425820 | usd |
CY2024Q2 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
189180 | usd |
CY2024Q2 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2647925 | usd |
CY2024Q2 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
909657 | usd |
CY2024Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
146762 | usd |
CY2024Q2 | ioacu |
Redeemable Promissory Note
RedeemablePromissoryNote
|
3615000 | usd |
CY2024Q2 | us-gaap |
Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
|
15000 | usd |
CY2024Q2 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
370000 | usd |
CY2024Q2 | ioacu |
Issue Of Common Stock Warrants To Placement Agents
IssueOfCommonStockWarrantsToPlacementAgents
|
418157 | usd |
CY2023Q2 | ioacu |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
-420022 | usd |
CY2024Q2 | ioacu |
Unsecured Promissory Note To Related Parties
UnsecuredPromissoryNoteToRelatedParties
|
2027840 | usd |
CY2024Q1 | ioacu |
Unsecured Promissory Note To Related Parties
UnsecuredPromissoryNoteToRelatedParties
|
2027840 | usd |
CY2023 | ioacu |
Warrants And Placement Agents Issued
WarrantsAndPlacementAgentsIssued
|
8109954 | usd |
CY2024 | ioacu |
Warrants And Placement Agents Issued
WarrantsAndPlacementAgentsIssued
|
13175027 | usd |
CY2023Q2 | ioacu |
Change In Fair Value Of Senior Subordinated Convertible Promissory Notes
ChangeInFairValueOfSeniorSubordinatedConvertiblePromissoryNotes
|
-10519247 | usd |
CY2024 | ioacu |
Fair Value Adjustment Of Warrant
FairValueAdjustmentOfWarrant
|
6571082 | usd |
CY2024Q2 | ioacu |
Warrant Expiry Period
WarrantExpiryPeriod
|
P5Y | |
CY2024Q2 | ioacu |
Percentage Of Warrant Purchase
PercentageOfWarrantPurchase
|
0.10 | pure |
CY2024Q2 | ioacu |
Warrants Received
WarrantsReceived
|
39057679 | shares |
CY2024Q1 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
10067601 | usd |
CY2024Q2 | us-gaap |
Unsecured Debt Current
UnsecuredDebtCurrent
|
6382667 | usd |
CY2024Q2 | ioacu |
Percentage Of Discount On Principal Amount
PercentageOfDiscountOnPrincipalAmount
|
0.075 | pure |
CY2024Q2 | ioacu |
Percentage Of Discount
PercentageOfDiscount
|
0.075 | pure |
CY2024Q2 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
597479 | usd |
CY2024Q1 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
576052 | usd |
CY2024Q2 | us-gaap |
Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
|
1540944 | usd |
CY2024Q1 | us-gaap |
Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
|
1550688 | usd |
CY2024Q2 | ioacu |
Capital Creditor
CapitalCreditor
|
5922 | usd |
CY2024Q1 | ioacu |
Capital Creditor
CapitalCreditor
|
5936 | usd |
CY2024Q2 | ioacu |
Employee Benefit Expenses Payable Amount
EmployeeBenefitExpensesPayableAmount
|
278127 | usd |
CY2024Q1 | ioacu |
Employee Benefit Expenses Payable Amount
EmployeeBenefitExpensesPayableAmount
|
320360 | usd |
CY2024Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
424906 | usd |
CY2024Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
330582 | usd |
CY2024Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
2847378 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
2783618 | usd |
CY2024Q1 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
35994 | usd |
CY2024Q2 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
47875 | usd |
CY2024Q2 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one | |
CY2024Q2 | ioacu |
Stock Exchange Ratio
StockExchangeRatio
|
0.0284 | pure |
CY2024Q2 | ioacu |
Outstanding Principal And Interest
OutstandingPrincipalAndInterest
|
10715068 | usd |
CY2024Q2 | ioacu |
Cash Amount In Consideration
CashAmountInConsideration
|
5000000 | usd |
CY2024Q2 | us-gaap |
Recapitalization Costs
RecapitalizationCosts
|
17100000 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
140136788 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
99309415 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
168974437 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
168974437 | usd |
CY2024Q2 | us-gaap |
Acquisition Cost Ratio
AcquisitionCostRatio
|
0.000284 | pure |
CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2240985 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2614618 | usd |
CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2240985 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2614618 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
557060 | usd |
CY2024 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
640173 | usd |
CY2024Q2 | ioacu |
Customer Advances
CustomerAdvances
|
538254 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
18806 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
96710 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
269376 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
41016 | usd |
CY2023Q2 | ioacu |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
-420022 | usd |
CY2024Q2 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
146762 | usd |
CY2023Q2 | ioacu |
Change In Fair Value Of Sscpn
ChangeInFairValueOfSSCPN
|
10519247 | usd |
CY2023Q2 | us-gaap |
Notes Issued1
NotesIssued1
|
1038622 | usd |
CY2023Q2 | ioacu |
Change In Fair Value Of Derivative Financial Instrument
ChangeInFairValueOfDerivativeFinancialInstrument
|
9222809 | usd |
CY2024Q2 | ioacu |
Bank Charges
BankCharges
|
7200 | usd |
CY2023Q2 | ioacu |
Bank Charges
BankCharges
|
17823 | usd |
CY2024Q2 | ioacu |
Other Borrowings Costs
OtherBorrowingsCosts
|
161416 | usd |
CY2023Q2 | ioacu |
Other Borrowings Costs
OtherBorrowingsCosts
|
17370 | usd |
CY2024Q2 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
551003 | usd |
CY2023Q2 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
21520558 | usd |
CY2023Q2 | ioacu |
Interest On Vehicle Loans
InterestOnVehicleLoans
|
12861 | usd |
CY2023Q2 | ioacu |
Finance Costs To Related Parties
FinanceCostsToRelatedParties
|
12861 | usd |
CY2024Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-10125 | usd |
CY2023Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-7536 | usd |
CY2023Q2 | ioacu |
Change In Fair Value Of Preferred Stock Warrant Liability
ChangeInFairValueOfPreferredStockWarrantLiability
|
-245143 | usd |
CY2024Q2 | ioacu |
Chanages In Fair Valueof Finance Cost Convertible Note
ChanagesInFairValueofFinanceCostConvertibleNote
|
-1360238 | usd |
CY2024Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-1831 | usd |
CY2023Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
66540 | usd |
CY2024Q2 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
-2923 | usd |
CY2023Q2 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
5018 | usd |
CY2024Q2 | us-gaap |
Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
|
810 | usd |
CY2023Q2 | us-gaap |
Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
|
11211 | usd |
CY2024Q2 | ioacu |
Loss On Assets Written Off
LossOnAssetsWrittenOff
|
-93684 | usd |
CY2024Q2 | ioacu |
Other Expenses Net
OtherExpensesNet
|
113369 | usd |
CY2023Q2 | ioacu |
Other Expenses Net
OtherExpensesNet
|
81309 | usd |
CY2024Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-1393992 | usd |
CY2023Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-251219 | usd |
CY2023Q2 | ioacu |
Interest Income From Related Parties
InterestIncomeFromRelatedParties
|
4050 | usd |
CY2023Q2 | ioacu |
Other Income From Related Parties
OtherIncomeFromRelatedParties
|
4050 | usd |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
280978 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-21478107 | usd |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-2812557 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-7303027 | usd |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2531579 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-28781134 | usd |
CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2531579 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-28781134 | usd |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
68512629 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
482814 | shares |
CY2024Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
68512629 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
482814 | shares |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-59.61 | |
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-59.61 | |
CY2024Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
56224872 | shares |
CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
215904796 | shares |
CY2024Q2 | ioacu |
Gratuity
Gratuity
|
90470 | usd |
CY2024Q1 | ioacu |
Gratuity
Gratuity
|
93967 | usd |
CY2024Q2 | us-gaap |
Compensated Absences Liability
CompensatedAbsencesLiability
|
83472 | usd |
CY2024Q1 | us-gaap |
Compensated Absences Liability
CompensatedAbsencesLiability
|
89688 | usd |
CY2024Q2 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
|
173942 | usd |
CY2024Q1 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
|
183655 | usd |
CY2024Q2 | ioacu |
Gratuity Non Current
GratuityNonCurrent
|
234971 | usd |
CY2024Q1 | ioacu |
Gratuity Non Current
GratuityNonCurrent
|
258524 | usd |
CY2024Q2 | ioacu |
Compensated Absences Liability Non Current
CompensatedAbsencesLiabilityNonCurrent
|
191465 | usd |
CY2024Q1 | ioacu |
Compensated Absences Liability Non Current
CompensatedAbsencesLiabilityNonCurrent
|
232925 | usd |
CY2024Q2 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
2040 | usd |
CY2024Q2 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
428476 | usd |
CY2024Q1 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
491449 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
63511 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
74078 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
|
1679 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
|
5322 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
65190 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
79400 | usd |
CY2024Q2 | ioacu |
Actuarialgainloss Due To Demographic Assumption Changes In Defined Benefit Obligation
ActuarialgainlossDueToDemographicAssumptionChangesInDefinedBenefitObligation
|
941 | usd |
CY2023Q2 | ioacu |
Actuarialgainloss Due To Demographic Assumption Changes In Defined Benefit Obligation
ActuarialgainlossDueToDemographicAssumptionChangesInDefinedBenefitObligation
|
-9239 | usd |
CY2024Q2 | ioacu |
Actuarialgain Loss Due To Financial Assumption Changes In Defined Benefit Obligation
ActuarialgainLossDueToFinancialAssumptionChangesInDefinedBenefitObligation
|
677 | usd |
CY2023Q2 | ioacu |
Actuarialgain Loss Due To Financial Assumption Changes In Defined Benefit Obligation
ActuarialgainLossDueToFinancialAssumptionChangesInDefinedBenefitObligation
|
-391 | usd |
CY2024Q2 | ioacu |
Actuarialgainloss Due To Experience On Defined Benefit Obligation
ActuarialgainlossDueToExperienceOnDefinedBenefitObligation
|
-65129 | usd |
CY2023Q2 | ioacu |
Actuarialgainloss Due To Experience On Defined Benefit Obligation
ActuarialgainlossDueToExperienceOnDefinedBenefitObligation
|
-64448 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
63511 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
74078 | usd |
CY2024Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
|
67853 | usd |
CY2024Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
|
60990 | usd |
CY2024Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
|
41213 | usd |
CY2024Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
|
24456 | usd |
CY2024Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
|
14908 | usd |
CY2024Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
|
116020 | usd |
CY2024Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureBenefitPaymentsRemainderOfFiscalYear
|
325440 | usd |
CY2024Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
|
44591 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
|
152539 | usd |
CY2024Q2 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
35244 | usd |
CY2023Q2 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
142016 | usd |
CY2024Q2 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
5163 | usd |
CY2023Q2 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
5223 | usd |
CY2024Q2 | us-gaap |
Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
|
-4184 | usd |
CY2023Q2 | us-gaap |
Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
|
-5300 | usd |
CY2024Q2 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
44591 | usd |
CY2023Q2 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
152539 | usd |
CY2024Q2 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
93412 | usd |
CY2023Q2 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
112330 | usd |
CY2024Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
719167 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P4Y | |
CY2023Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
19695305 | shares |
CY2024 | ioacu |
Percentage Of Issued And Outstanding Shares
PercentageOfIssuedAndOutstandingShares
|
0.03 | pure |
CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
444212 | usd |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.60 | pure |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
2.2 | |
CY2024Q2 | ioacu |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Attrition Rate
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsAttritionRate
|
0.30 | pure |
CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1709241 | usd |
CY2024Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P0Y | |
CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P1Y21D | |
CY2024Q2 | ioacu |
Outstanding Balances With Related Parties
OutstandingBalancesWithRelatedParties
|
2180275 | usd |
CY2024Q1 | ioacu |
Outstanding Balances With Related Parties
OutstandingBalancesWithRelatedParties
|
2224443 | usd |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
1583483 | usd |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
1496144 | usd |
CY2024Q2 | us-gaap |
Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
|
164463 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
|
194197 | usd |
CY2024Q2 | us-gaap |
Short Term Investments
ShortTermInvestments
|
17288 | usd |
CY2024Q1 | us-gaap |
Short Term Investments
ShortTermInvestments
|
298495 | usd |
CY2024Q2 | us-gaap |
Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
|
507896 | usd |
CY2024Q1 | us-gaap |
Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
|
445828 | usd |
CY2024Q2 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
75107 | usd |
CY2024Q1 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
91947 | usd |
CY2024Q2 | us-gaap |
Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
|
1062334 | usd |
CY2024Q1 | us-gaap |
Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
|
770941 | usd |
CY2024Q2 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
3410571 | usd |
CY2024Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
3297552 | usd |
CY2024Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
|
15656990 | usd |
CY2024Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
|
14431587 | usd |
CY2024Q2 | us-gaap |
Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
|
4092087 | usd |
CY2024Q1 | us-gaap |
Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
|
5049483 | usd |
CY2024Q2 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
189180 | usd |
CY2024Q2 | ioacu |
Other Financial Liabilities Fair Value Disclosure
OtherFinancialLiabilitiesFairValueDisclosure
|
1306434 | usd |
CY2024Q1 | ioacu |
Other Financial Liabilities Fair Value Disclosure
OtherFinancialLiabilitiesFairValueDisclosure
|
1232930 | usd |
CY2024Q2 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
21244691 | usd |
CY2024Q1 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
20714000 | usd |
CY2024Q2 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
626715 | usd |
CY2024Q2 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
6382667 | usd |
CY2024Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
629908 | usd |
CY2024Q1 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
10067601 | usd |
CY2024Q2 | us-gaap |
Share Price
SharePrice
|
0.25 | |
CY2024Q2 | us-gaap |
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Discount Rate
AssumptionForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesDiscountRate
|
0.1866 | pure |
CY2019Q3 | ioacu |
Vehicles Purchased
VehiclesPurchased
|
547292 | usd |
CY2024Q1 | ioacu |
Vehicles Purchased
VehiclesPurchased
|
548635 | usd |
CY2024Q2 | ioacu |
Vehicles Purchased
VehiclesPurchased
|
129919 | usd |
us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
4427199 | usd | |
CY2024 | us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
4438067 | usd |
us-gaap |
Loss Contingency Related Receivable Carrying Value Period Increase Decrease
LossContingencyRelatedReceivableCarryingValuePeriodIncreaseDecrease
|
34035 | usd | |
CY2024Q2 | us-gaap |
Cost Of Goods Sold Direct Financing Lease
CostOfGoodsSoldDirectFinancingLease
|
1052292 | usd |
CY2024 | us-gaap |
Cost Of Goods Sold Direct Financing Lease
CostOfGoodsSoldDirectFinancingLease
|
1054875 | usd |
CY2024Q2 | ioacu |
Payment Of Tax Due
PaymentOfTaxDue
|
102854 | usd |
CY2024Q2 | ioacu |
Penalty Percentage
PenaltyPercentage
|
0.10 | pure |
CY2024Q2 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
6254 | usd |
CY2023Q1 | us-gaap |
Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
|
406086 | usd |
CY2023Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
100000 | shares |
CY2023Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
100000 | shares |
CY2024Q1 | us-gaap |
Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
|
10000000 | usd |
CY2024Q1 | us-gaap |
Environmental Exit Costs Assets Previously Disposed Liability For Remediation
EnvironmentalExitCostsAssetsPreviouslyDisposedLiabilityForRemediation
|
3500000 | usd |
CY2024Q2 | us-gaap |
Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
|
15900000 | usd |
CY2024Q2 | us-gaap |
Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
|
15900000 | usd |
CY2024Q2 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
128712 | usd |
CY2024Q1 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
129027 | usd |
CY2024Q2 | us-gaap |
Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
|
45672 | usd |
CY2024Q1 | us-gaap |
Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
|
45784 | usd |
CY2024Q2 | us-gaap |
Income Tax Examination Penalties Accrued
IncomeTaxExaminationPenaltiesAccrued
|
128712 | usd |
CY2016 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
1156269 | usd |
CY2024 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
1159108 | usd |
CY2018 | ioacu |
Disallowance Of Lease Payment And Pf Contribution
DisallowanceOfLeasePaymentAndPFContribution
|
2111872 | usd |
CY2024 | ioacu |
Disallowance Of Lease Payment And Pf Contribution
DisallowanceOfLeasePaymentAndPFContribution
|
2123071 | usd |
CY2020 | ioacu |
Verification Expenses
VerificationExpenses
|
23937 | usd |
CY2020 | us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
439384 | usd |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ioacu |
Other Current Asset With Related Parties
OtherCurrentAssetWithRelatedParties
|
usd | |
CY2024Q2 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
usd | |
CY2024Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q2 | ioacu |
Finance Costs To Related Parties
FinanceCostsToRelatedParties
|
usd | |
CY2024Q2 | ioacu |
Other Income From Related Parties
OtherIncomeFromRelatedParties
|
usd | |
CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2023Q2 | ioacu |
Employee Benefit Net Of Taxes Amounts
EmployeeBenefitNetOfTaxesAmounts
|
usd | |
CY2023Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
usd | |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
usd | |
CY2024Q2 | ioacu |
Employee Benefit Net Of Taxes Amounts
EmployeeBenefitNetOfTaxesAmounts
|
usd | |
CY2024Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
usd | |
CY2024Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | |
CY2024Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
CY2024Q2 | ioacu |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
usd | |
CY2024Q2 | ioacu |
Change In Fair Value Of Senior Subordinated Convertible Promissory Notes
ChangeInFairValueOfSeniorSubordinatedConvertiblePromissoryNotes
|
usd | |
CY2024Q2 | ioacu |
Change In Fair Value Of Derivative Financial Instruments
ChangeInFairValueOfDerivativeFinancialInstruments
|
usd | |
CY2024Q2 | ioacu |
Senior Subordinated Convertible Promissory Notes Issue Expenses
SeniorSubordinatedConvertiblePromissoryNotesIssueExpenses
|
usd | |
CY2023Q2 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
usd | |
CY2023Q2 | ioacu |
Gain On Termination Modification Of Finance Leases
GainOnTerminationModificationOfFinanceLeases
|
usd | |
CY2023Q2 | ioacu |
Other Borrowing Cost
OtherBorrowingCost
|
usd | |
CY2023Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
usd | |
CY2023Q2 | ioacu |
Liabilities Written Back
LiabilitiesWrittenBack
|
usd | |
CY2024Q2 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
usd | |
CY2023Q2 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
usd | |
CY2024Q2 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | |
CY2024Q2 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
usd | |
CY2023Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
usd | |
CY2024Q2 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
usd | |
CY2024Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
usd | |
CY2023Q2 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2024Q2 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
usd | |
CY2023Q2 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
usd | |
CY2023Q2 | ioacu |
Assumption Of Unsecured Promissory Note On Reverse Recapitalization
AssumptionOfUnsecuredPromissoryNoteOnReverseRecapitalization
|
usd | |
CY2023Q2 | ioacu |
Warrants Issued On Completion Of Reverse Recapitialization
WarrantsIssuedOnCompletionOfReverseRecapitialization
|
usd | |
CY2024Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
usd | |
CY2024Q2 | ioacu |
Advance To Director
AdvanceToDirector
|
usd | |
CY2024Q2 | ioacu |
Other Current Assets With Related Parties
OtherCurrentAssetsWithRelatedParties
|
usd | |
CY2024Q2 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
usd | |
CY2024 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
usd | |
CY2024Q2 | ioacu |
Financing Lease Payments
FinancingLeasePayments
|
usd | |
CY2024Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
usd | |
CY2024 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
usd | |
CY2024Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
usd | |
CY2024 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
usd | |
CY2024Q2 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
usd | |
CY2024Q1 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
usd | |
CY2024Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
usd | |
CY2024Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
usd | |
CY2024Q2 | us-gaap |
Lease Deposit Liability
LeaseDepositLiability
|
362654 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
usd | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
usd | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
usd | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
usd | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
usd | |
CY2024Q1 | ioacu |
Redeemable Promissory Note
RedeemablePromissoryNote
|
usd | |
CY2024Q1 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
usd | |
CY2024Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
usd | |
CY2023Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
usd | |
CY2024Q1 | ioacu |
Redeemable Promissory Note
RedeemablePromissoryNote
|
usd | |
CY2024Q2 | ioacu |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
usd | |
CY2024Q2 | ioacu |
Change In Fair Value Of Senior Subordinated Convertible Promissory Notes
ChangeInFairValueOfSeniorSubordinatedConvertiblePromissoryNotes
|
usd | |
CY2024Q2 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
usd | |
CY2024Q1 | us-gaap |
Unsecured Debt Current
UnsecuredDebtCurrent
|
usd | |
CY2024Q2 | ioacu |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
usd | |
CY2023Q2 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
usd | |
CY2024Q2 | ioacu |
Change In Fair Value Of Sscpn
ChangeInFairValueOfSSCPN
|
usd | |
CY2024Q2 | us-gaap |
Notes Issued1
NotesIssued1
|
usd | |
CY2024Q2 | ioacu |
Change In Fair Value Of Derivative Financial Instrument
ChangeInFairValueOfDerivativeFinancialInstrument
|
usd | |
CY2024Q2 | ioacu |
Interest On Vehicle Loans
InterestOnVehicleLoans
|
usd | |
CY2024Q2 | ioacu |
Finance Costs To Related Parties
FinanceCostsToRelatedParties
|
usd | |
CY2024Q2 | ioacu |
Change In Fair Value Of Preferred Stock Warrant Liability
ChangeInFairValueOfPreferredStockWarrantLiability
|
usd | |
CY2023Q2 | ioacu |
Chanages In Fair Valueof Finance Cost Convertible Note
ChanagesInFairValueofFinanceCostConvertibleNote
|
usd | |
CY2023Q2 | ioacu |
Loss On Assets Written Off
LossOnAssetsWrittenOff
|
usd | |
CY2024Q2 | ioacu |
Interest Income From Related Parties
InterestIncomeFromRelatedParties
|
usd | |
CY2024Q2 | ioacu |
Other Income From Related Parties
OtherIncomeFromRelatedParties
|
usd | |
CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2024Q1 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
usd | |
CY2024Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
usd | |
CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
usd | |
CY2024Q2 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024Q2 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | |
CY2024Q2 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2024Q2 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001854275 |