Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 121

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 121
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, 2025, we cannot assure that this
cash will be sufficient in the longer run and we will be required to obtain a further infusion of cash funds to support our operations
or address the indebtedness, including through this offering. The Company will still need to seek financing for the purpose of raising
additional funds to be able to meet its obligations and so that there will no longer be substantial doubt about its ability to continue
as a going concern. However, there is no assurance that the Company will be able to raise any such financing or, even if it does, that
it will be sufficient for it to meet its obligations or continue as a going concern.

The Company as on August
13, 2025 has $158,413 of cash and cash equivalents.

Accordingly, we believe that
additional funds will be imminently required to support current 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 have to limit operations in a manner inconsistent with our development.

The market for online platforms for peer-to-peer
car sharing is relatively new and rapidly evolving. If we fail to successfully adapt to developments in our market, or if peer-to-peer
car sharing online platforms do not achieve general acceptance, it could adversely affect our business, financial condition, and operating
results. 

In December 2021, we transitioned
to our current peer-to-peer cash sharing business model. The market for online peer-to-peer car sharing platforms is relatively new and
unproven and the data and research available regarding the market or the