Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 42

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 42
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 market, management will strive within
the confines of practical limitations to prevent the described patterns from being established with respect to our securities.

27

We require additional capital to support
current operations and will require additional capital to support the growth of our business, which may not be available on terms acceptable
to us, or at all. 

To continue current
operations, we will need to raise capital imminently. Further, to continue to effectively compete thereafter, we will require
additional funds to support the growth of our business. Our operations have consumed substantial amounts of cash, and we have
incurred operating losses, since we began operating in 2013. While our cash consumption has been reduced following our business
transition from short-term rental of vehicles owned by or leased to Zoomcar to an online platform for peer-to-peer car sharing, we
have consumed significant amounts of cash in effecting such transition in terms of technology and platform innovation, and our cash
consumption has varied over time. Because of our limited resources the company was not able to expand to emerging markets outside of India and
in fact, discontinued operations in Vietnam during June 2023 and subsequently in Egypt, Indonesia during June 2024 as a result.

Further, as a result of the consummation of the Business Combination,
our expenses have increased substantially in connection with actions and efforts required to operate as a public company. During the year
ended March 31, 2025, we have incurred expenses in maintaining the listing requirements and complying with statutory filings with SEC
along with significant professional and consultancy fee to professionals and we contemplate that we will continue to incur these expenses
as long as we remain a public company to fulfill which we will need additional capital.

Moreover, we expect our expenses to increase significantly in connection
with our ongoing activities, including the continuing increase in our technological capabilities with respect to IoT, machine learning,
and artificial intelligence. We do not currently have sufficient cash resources to operate our business beyond June 2025 (assuming that
we do not repay any of our currently outstanding indebtedness) and accordingly, will need to raise capital imminently to continue our
operations and to fully execute our business plan. Additionally, circumstances could cause us to consume capital more rapidly than we
currently anticipate and if our cash resources are insufficient to satisfy our cash requirements, we may seek to issue additional equity
or debt securities or obtain new or expanded credit facilities or identify and secure additional sources of capital. Our ability to obtain
external financing in the future is