Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 1036

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 1036
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, reputation, 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. 

We currently conduct all
of our business operations in India (as of the date of this Form 10-Q, we have closed our operations in Vietnam, Indonesia and Egypt).
Our growth strategy is premised on the rapid expansion of our platform into emerging markets. Several of the countries in which we plan
to operate our business in the future may be, subject to instances of political instability, civil unrest, hostilities, terrorist activities
and economic volatility. Any such events may lead to, among other things, declines in Host and Guest demand for our platform, whether
arising from safety concerns, a drop in consumer confidence, a general deterioration of economic conditions, currency volatility, adverse
changes to the political and regulatory environment, or otherwise. Any such developments and any other forms of political or economic
instability in our markets may harm our business, financial condition, and operating results.

We are subject to risks associated with
operating in rapidly evolving emerging markets. 

To continue growing our business,
we plan, in the future, to strengthen our operations and presence in India and to expand into other emerging markets, which may include,
without limitation, markets in Southeast Asia, Middle East/North Africa, and Latin America. We have limited experience operating in jurisdictions
outside India and plan to continue our efforts to expand into other jurisdictions. Business operations in multiple jurisdictions and markets
is difficult, time consuming and expensive, and any international expansion efforts that we may undertake may not be successful. In addition,
conducting international operations subjects us to risks associated with operating in emerging markets, including but not limited to the
following:

    ●
    operational and compliance challenges caused by distance, language, and cultural differences, including but not limited to the additional cost and resources required to localize our services, the translation of our mobile app, website and platform into foreign languages, and the adaptation of our operations to local cultures and practices, and any changes in such cultures and practices;

    ●
    unexpected and more restrictive laws and regulations, as amended from time to time, including those laws and regulations governing internet activities, peer-to-peer car sharing platforms, leasing or renting cars, insurance requirements, licensing and usage of vehicles, employment, tax, licensing and permitting, identify verification and screening, email and text messaging, collection and use of personal