Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 39

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 39
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 and/or the Pre-Funded Warrants were (x) Series A Warrants to initially purchase up to an
aggregate of 4,804,491 shares of Common Stock, which does not reflect the Second Reverse Split, subject to certain adjustments and (y)
Series B Warrants to initially purchase no shares of Common Stock, subject to certain adjustments as provided in the Series B Warrants.
As a result of the First Closing, the Company received $1,249,911 of cash and cash equivalents after giving effect to offering fees and
expenses.

26

We believe that the current
cash and cash equivalents will allow us to continue operations through July 31, 2025 assuming do not make any payments on our currently
outstanding indebtedness and future accruals, however there can be no assurance that this will be the case. Accordingly, we believe that
additional funds will be required to support operations and, in the long term, the growth of our business. Our operations have consumed
substantial amounts of cash, and we have incurred operating losses since we began operating in 2013. While our cash consumption has 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 OTCQX, 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 OTCQX, under the ticker symbol “ZCAR.” The OTC Markets Group is a
regulated quotation