Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 29

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 29
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 business, financial condition, and results of operations could be adversely affected. |
| ● | We do not have long term contracts with the third-party suppliers of the IoT devices distributed to our Hosts and such suppliers can reduce quantities or terminate their sales of IoT devices to us at any time. Any adverse changes in such supply or the costs of such products or services may adversely affect our operations.                                |

9

| ● | Maintaining and enhancing our brand and reputation is critical to our business prospects. While we have taken significant steps to build and improve our brand and reputation, failure to maintain or enhance our brand and reputation will cause our business to suffer.                                                                                                                                                                                                                                                                                                                                                      |
| ● | We are in the process of remediating identified material weaknesses in our internal controls and if we fail to remediate these weaknesses, or if we experience additional material weaknesses in the future, or otherwise fail to maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act, we may not be able to accurately or timely report our financial condition or results of operations, or comply with the accounting and reporting requirements applicable to public companies, which may adversely affect investor confidence in the Company and the market price of our stock. |
| ● | If we do not adequately protect our intellectual property and our data, our business, results of operations, and financial condition could be materially adversely affected.                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| ● | Our business is subject to certain laws and regulations in the jurisdictions in which it operates, many of which are currently evolving, and the risk of unfavorable interpretations or failure to comply with such laws and regulations could harm Zoomcar’s business, financial condition and results of operations.                                                                                                                                                                                                                                                                                                         |
| ● | Geographic areas in which Zoomcar operates and plans to operate in the future have been and may continue to be subject to political and economic instability.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| ● | Political changes in the Government of India could delay or affect the further liberalization of the Indian economy and materially and adversely affect economic conditions in India, generally, and our business, in particular.                                                                                                                                                                                                                                                                                                                                                                                              |
| ● | The effective tax rates governing car rental and car subscription in India could change.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| ● | The Indian government could reduce highway infrastructure investments, thereby making car travel significantly less appealing.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| ● | Our business is subject to extensive government regulation and oversight relating to the provision of payment and financial services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| ● | Failure to comply