Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 356

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 3
Chunk 356
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 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 on our business plan. If we do not raise
substantial 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:

●our
ability to successfully scale our business within the market in which we currently operate, including by increasing the number and quality
of Host vehicles and attracting and retaining more Guests to use our platform to meet a broader variety of mobility needs;

●our
ability to successfully expand into additional emerging markets as opportunities to grow our operations become available to us;

●the
pace of technological development in core focus areas such as IoT, computer vision, machine learning, and artificial intelligence;

●the
cost to establish, maintain, expand and defend the scope of our intellectual property portfolio, including the amount and timing of any
payments we may be required to make in preparing, filing, prosecution, defence and enforcement of any intellectual property rights;

●the
effect of competing technological and market developments; and

●market
acceptance of our platform and the functionality it provides to facilitate peer-to-peer car sharing.

71

If lack of available capital prevents us from
proceeding with the execution of our business plan, our ability to become profitable will be compromised and our business will be harmed.

Future sales of our securities may affect
the market price of the Common Stock and result in material dilution, including the