Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 890

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1
Chunk 890
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 platform may be insufficiently remunerative to, for example, offset any leasing, financing, parking, registration, maintenance,
and repair costs of vehicles registered to the platform, we may lose or fail to attract Hosts and may not be able to make a sufficient
number of vehicles available for use by our Guests.

If we fail to retain existing Guests, or
attract and maintain new Guests, our business, financial condition, and results of operations may be negatively impacted.

Our business model depends
on our ability to retain and attract Guests to make bookings on our platform. There are a number of trends in and aspects of Guest preferences
which have an impact on us and the car sharing industry as a whole. These include, among others, preferences for types of vehicles, convenience
of online bookings, and monetary savings associated with car sharing and platform bookings relative to other possible transportation solutions.
Any shift in Guest preferences, which are susceptible to change, in the markets in which we operate could have a material adverse effect
on our business. For example, if the vehicles registered to our platform are not popular or of sufficient quality or are not available
at locations convenient for Guests, Guests may lose interest in utilizing our platform. Additionally, if Guests find our platform not
to be user-friendly or to lack functions that Guests expect from a car sharing or other online platform, Guests may decrease or stop using
our platform. Our competitiveness therefore depends on our ability to predict and quickly adapt to Guest trends, exploiting profitable
opportunities for platform development, innovation, and upgrades without alienating our existing Guest base or focusing excessive resources
or attention on unprofitable or short-lived trends. If we are unable to respond on a timely and appropriate basis to changes in demand
or Guest preferences, our business may be adversely affected.

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Additionally, if we are unable
to compete with other car sharing platforms and other mobility solutions in the market in which we operate, our bookings will decrease,
and our financial results will be adversely affected. Guests desiring to book vehicles through our platform must pay booking fees, which
include, among other fees, “upfront booking fees,” less any applicable discounts and credits, and “value added”
or trip-protection fees payable at the time of a booking; other charges may also be incurred by Guests after a booking, such as trip cancellation
fees, gasoline fees, late fees and other charges. Many of these fees are generated through our platform functions and some of the fees
are selected by Guests from a