Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 749

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 4
Chunk 749
---
 been reduced following our business transition from short-term rental of vehicles owned by or leased to Zoomcar to an online platform
for peer-to-peer car sharing, we have consumed significant amounts of cash in effecting such transition in terms of technology and platform
innovation, and our cash consumption has varied over time. Our cash needs will depend on numerous factors, including our revenues, upgrade
and innovation of our peer-to-peer car sharing platform, customer and market acceptance and use of our platform, and our ability to reduce
and control costs. We expect to devote substantial capital resources to, among other things, fund operations, continued improvement, upgrading
or innovation of our platform, and expand our international outreach. If we are unable to secure such additional financing, it will have
a material adverse effect on our business, and we may not be able to meet our obligations or continue as a going concern.

Our Common Stock is quoted on an OTC Markets
Group trading platform, the OTCQB, instead of a national exchange or quotation system. Accordingly, our investors may experience significant
volatility in the market price of our Common Stock and have difficulty selling their shares.

Our Common Stock is currently
quoted on an OTC Markets Group trading platform, the OTCQB, under the ticker symbol “ZCAR.” The OTC Markets Group is a regulated
quotation service that displays real-time quotes, last sale prices, and volume limitations in over-the-counter securities. Trading in
shares quoted on an OTC Markets Group trading platform is often thin and characterized by volatility in trading prices. This volatility
may be caused by a variety of factors, including the lack of readily available price quotations, the absence of consistent administrative
supervision of bid and ask quotations, lower trading volume, and market conditions. As a result, there may be wide fluctuations in the
market price of the shares of our Common Stock for reasons unrelated to operating performance, and this volatility, when it occurs, may
have a negative effect on the market price for our securities. Moreover, the OTC Markets Group is not a stock exchange, and trading of
securities on one of its trading platforms is often more sporadic than the trading of securities listed on a national quotation system
or stock exchange. Accordingly, our stockholders may not be able to realize a fair price from their shares when they determine to sell
them or may have to hold them for a substantial period of time until the market for our Common Stock improves.

81

Because our Common Stock is quoted on