Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 154

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 154
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 and Consumer Preferences Our platform is designed around consumer preferences and aims to provide smart transportation solutions within urban communities across emerging market countries. Mobility options are currently limited in the markets we serve and the transportation options that are currently available are often outdated, expensive and, in many cases, inflexible and inconvenient for short-term needs. Our business model and platform offerings continue to evolve with changing consumer expectations and the observable shift in emerging market populations toward personalized, digitized goods and services offered on-demand. We believe that our positioning in most major cities in India, together with our scalable technology and platform features, make Zoomcar well-positioned to continue attracting customers from addressable markets with few parallels in terms of scale and size. Limitations of Current Mobility Offerings in Emerging Markets With the rapid transition to digitally enabled consumer services, the limitations of the present mobility options in emerging markets have become more apparent:

| ● | Personal car ownership is expensive,                                                                                                          
 inefficient and not scalable for most of the urban population. Publicly available predictive demographic data suggest that, by 2026,          
 there will be an estimated population of 1.8 billion across “our target urban centers within these emerging market countries,”                
 defined to include 25 countries located within Southeast Asia, countries situated in and around the Middle East and North Africa, Latin       
 America and Central Asia (“MENA”), with corresponding vehicle ownership which we estimate (assuming a 5% compound                             
 annual growth rate) to exceed 200 million cars across our target emerging markets during the same time period. Even with this seemingly       
 large number of cars, personal vehicle ownership rates currently remain below 10% across a majority of our target emerging markets economies. 
 Further, in contrast to Western markets, owning a car in emerging markets can be prohibitively expensive relative to average incomes.         
 High import duties and excise taxes in many emerging markets contribute to expensive upfront vehicle prices. At the same time, the used       
 car market in emerging markets remains largely decentralized, unorganized and offline, thereby making it more challenging for consumers       
 to obtain transparent, affordable pricing for quality vehicles. Additionally, the vehicle financing market remains largely undeveloped        
 in our target emerging markets, as interest rates may be between 10% and 15%, with many financiers requiring down payments of 20% to          
 30% or higher. Additionally, even traditional car leasing options are in short supply in many emerging markets given the relatively high      
 interest rate environment and lack of robust, reliable credit data, combined with other barriers to entry that may