Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 887

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1
Chunk 887
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 Company makes
no payments on its currently outstanding indebtedness and only pays current operating accruals, however, there can be no assurance that
this will be the case. Even if our current cash position supports operations through March 31, 2026, we cannot assure that this cash will
be sufficient in the longer run and we will be required to obtain a further infusion of cash funds to support our operations or address
the indebtedness, including through this offering. The Company will still need to seek financing for the purpose of raising additional
funds to be able to meet its obligations and so that there will no longer be substantial doubt about its ability to continue as a going
concern. However, there is no assurance that the Company will be able to raise any such financing or, even if it does, that it will be
sufficient for it to meet its obligations or continue as a going concern.

The Company as on November
10, 2025 has $0.41 million of cash and cash equivalents.

Accordingly, we believe that
additional funds will be imminently required to support current operations and, in the long term, 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. Our cash needs will depend on numerous factors, including our revenues, upgrade
and innovation of our peer-to-peer car sharing platform, customer and market acceptance and use of our platform, and our ability to reduce
and control costs. We expect to devote substantial capital resources to, among other things, fund operations, continued improvement, upgrading
or innovation of our platform, and expand our international outreach. If we are unable to secure such additional financing, it will have
a material adverse effect on our business, and we may have to limit operations in a manner inconsistent with our development.

The market for online platforms for peer-to-peer
car sharing is relatively new and rapidly evolving. If we fail to successfully adapt to developments in our market, or if peer-to-peer
car sharing online platforms do not achieve general acceptance, it could adversely affect our business, financial condition, and operating
results.