Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 741

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 4
Chunk 741
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 these risks, and, as a
result, you may lose all or part of your investment.

In the course of conducting
our business operations, we are exposed to a variety of risks. Any of the risk factors we describe below have affected or could materially
adversely affect our business, financial condition, and results of operations. The market price of our securities could decline, possibly
significantly or permanently, if one or more of these risks and uncertainties occur. Certain statements in “Risk Factors”
are forward-looking statements. See “Special Note Regarding Forward-Looking Statements.”

Risk Factors Summary

Our business is subject to
numerous risks and uncertainties, including those highlighted in the section entitled “Risk Factors” immediately following
this risk factors summary, that represent challenges that we face in connection with the successful implementation of our strategy and
the growth of our business. Our business, prospects, financial condition or operating results could be harmed by any of these risks, as
well as other risks not currently known to us or that we currently consider immaterial. In particular, the following considerations, among
others, may offset our competitive strengths or have a negative effect on our business strategy, which could cause a decline in the price
of shares of our Common Stock or Public Warrants and result in a loss of all or a portion of your investment.

Any of the risk factors we
describe below have affected or could materially adversely affect our business, financial condition and results of operations. The market
price of our securities could decline, possibly significantly or permanently, if one or more of these risks and uncertainties occurs:

●We
have a history of operating losses and negative cash flow, we have limited cash resources, we will need to raise funds imminently to
finance operations and as a result there is substantial doubt about our ability to continue as a going concern;

●Our
Common Stock is quoted on an OTC Markets Group trading platform, the OTCQB, instead of a national exchange or quotation system. Accordingly, our
investors may experience significant volatility in the market price of our Common Stock and have difficulty selling their shares.

●Because
our Common Stock is quoted on the OTCQB and not listed on a national
exchange, U.S. broker-dealers may be discouraged from effecting transactions in shares of our Common Stock because it may be considered
a penny stock and thus be subject to the penny stock rules.

●Failure to comply with the continued qualification standards within,
and any removal from OTCQB