Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 412

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 3
Chunk 412
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 and technical
personnel.

We believe our future success
depends upon our ability to attract and retain highly competent personnel. Our employees are at-will and not subject to employment contracts.
We could potentially lose the services of any of our senior management personnel at any time due to a variety of factors that could include,
without limitation, death, incapacity, personal issues, retirement, resignation or competing employers. Our ability to execute current
plans could be adversely affected by such a loss. We may fail to attract and retain qualified technical, sales, marketing and managerial
personnel required to continue to operate our business successfully. Personnel with the expertise necessary for our business are scarce
and competition for personnel with proper skills is intense.

In addition, new hires frequently
require extensive training before they achieve desired levels of productivity. Additionally, attrition in personnel can result from, among
other things, changes related to acquisitions, retirement, and disability. We may not be able to retain existing key technical, sales,
marketing and managerial employees or be successful in attracting, developing, or retaining other highly qualified technical, sales, marketing,
and managerial personnel, particularly at such times in the future as we may need to fill a key position. If we are unable to continue
to develop and retain existing executive officers or other key employees or are unsuccessful in attracting new highly qualified employees,
our financial condition, cash flows, and results of operations could be materially and adversely affected.

Risks Related to Our Operations as a Public
Company

The requirements of being a public company
may strain our resources, divert our management’s attention, and affect our ability to attract and retain qualified independent
board members.

As a public company, we are
subject to the reporting and corporate governance requirements of the Exchange Act, the listing requirements of listing requirements of
OTC Markets Group and other applicable securities rules and regulations, including the Sarbanes-Oxley Act and the Dodd-Frank Wall Street
Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”). Compliance with these rules and regulations will
increase our legal and financial compliance costs, make some activities more difficult, time-consuming, or costly and increase demand
on our systems and resources, particularly after we are no longer an “emerging growth company” as defined in the JOBS Act.
Among other things, the Exchange Act requires that we file annual, quarterly, and current reports with respect to our business and results
of operations and maintain effective disclosure controls and procedures and internal control over financial reporting