Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 942

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 2
Chunk 942
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 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:

    ●
    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, defense, 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.

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 materially affected.

90

Future sales of our securities may affect
the market price of the Common Stock and result in material dilution, including triggering the most favored nation features of our Convertible
Notes and the anti-dilution protection in the warrants issued in June 2024, November 2024 and at the First Closing. We are also in default
of various outstanding debt obligations, including under the Notes issued to ACM, and may issue shares of Common Stock or other securities
to satisfy those obligations in the future (in the case of ACM, subject to receipt of shareholder approval). The issuance of shares of
Common Stock or other securities in the future will dilute your percentage ownership interest and may also result in downward pressure
on the price of our Common Stock.

We will finance our immediate
cash needs