Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 44

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 44
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consummation of the Business Combination, our expenses continue to increase substantially in connection with the actions and efforts we
need to take for operating as a public company. 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 December 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 subject to a variety of uncertainties, including our future financial condition, results of operations, cash flows, share
price performance, liquidity of capital and lending markets and governmental regulations in India. In addition, incurring indebtedness
would subject us to increased debt service obligations and could result in operating and financing covenants that would restrict our operations.
There can be no assurance that financing will be available in a timely manner or in amounts or on terms acceptable to us, or at all. Any
failure to raise needed funds on terms favorable to us, or at all, will severely restrict our liquidity as well as have a material adverse
effect on our business, financial condition and results of operations. In addition, any issuance of equity or equity-linked securities
could result in significant dilution to our existing shareholders. Additionally, fundraising efforts may divert our management from its
day-to-day duties and activities, which may affect our ability to execute our business plan. If we do not raise additional capital imminently
to continue operations in the short term or otherwise when required or in sufficient amounts and on acceptable terms, we may need to:

| ● | significantly delay, scale back or discontinue certain business initiatives, such as our international expansion; |

| ● | significantly delay key investments in IoT, advanced computer vision, machine learning and related artificial intelligence technology; or |

| ● | significantly delay our consumer brand-building initiatives, thereby delaying our broader expansion. |

Our future funding
requirements, both short-term and long-term, depend on many factors, including but not limited to:

|