Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 199

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 199
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 marketplaces such as Turo and Getaround do not operate in our current market. While their entry in our current market is possible,
at present, these companies’ core offerings tend to be less oriented towards emerging market customers, as compared to Western guests,
and to our knowledge, they do not yet have specific product customizations that are focused on the emerging market consumer.

If any of the global operators
mentioned above were to enter our core market, we believe we would compare favorably to their customer offerings based on multiple factors,
including that our platform permits localization and an easy-to-use customer experience, locally trained data models with personalized
recommendation engines, and local team members who have spent their entire professional careers building similar businesses in our core
geographies.

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While we believe that we
compare very favorably against the potential competitors described above, we believe that our strongest Guest-based competition comes
in the form of other transportation alternatives such as mass transit, scooter/motorcycle, three-wheeler, or a chauffeur-driven car. We
believe that our ability to offer a wide array of prices that can accommodate different prospective Guest segments is a major potential
asset that we believe Favors our platform over these alternatives. Moreover, the convenience that comes from our geographical density
can also help attract prospective Guests who might otherwise consider other transport modes. Consequently, we believe that we can attract
a meaningful number of new Guests from these various other transport modes in the future.

Government Regulation

We are subject to a variety
of laws and regulations in India, which include, without limitation, motor vehicle related laws, regulations relating to e-commerce, as
well as those relating to intellectual property, consumer protection, taxation, consumer privacy and data protection, pricing, content,
advertising, discrimination, consumer protection, payments, distribution, messaging, mobile communications, environmental matters, labor
and employment matters, claims management, and anti-corruption and anti-bribery. These regulations are often complex and subject to varying
interpretations, in many cases due to their lack of specificity, and, as a result, their application in practice may change or develop
over time through judicial decisions or as new guidance or interpretations are provided by regulatory and governing bodies. However, uncertainties
regarding legal and regulatory frameworks and their application to our business are compounded by the fact that our current peer-to-peer
car sharing business model, which is facilitated through the use of our platform, is uncommon, if not unprecedented, in India