Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 54

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 54
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 change, in the markets in which we operate could have a material
adverse effect on our business. For example, if the vehicles registered to our platform are not popular or of sufficient quality or are
not available at locations convenient for Guests, Guests may lose interest in utilizing our platform. Additionally, if Guests find our
platform not to be user-friendly or to lack functions that Guests expect from a carsharing or other online platform, Guests may decrease
or stop using our platform. Our competitiveness therefore depends on our ability to predict and quickly adapt to Guest trends, exploiting
profitable opportunities for platform development, innovation and upgrades without alienating our existing Guest base or focusing excessive
resources or attention on unprofitable or short-lived trends. If we are unable to respond on a timely and appropriate basis to changes
in demand or Guest preferences, our business may be adversely affected.

Additionally, if we are
unable to compete with other carsharing platforms and other mobility solutions in the markets in which we operate, our bookings will
decrease, and our financial results will be adversely affected. Guests desiring to book vehicles through our platform must pay booking
fees, which include, among other fees, “upfront booking fees,” less any applicable discounts and credits, and “value
added” or trip-protection fees payable at the time of a booking; other charges may also be incurred by Guests after a booking,
such as trip cancellation fees, gasoline fees, late fees and other charges. Many of these fees are generated through our platform functions
and some of the fees are selected by Guests from a range of options presented to them at the time of a booking. If our booking and trip-related
fees are not competitive, or our platform functionality is not appealing or outdated, or negative reviews or publications are released
in connection with our platform, Guests may stop or reduce their use of our platform, our business, results of operations, reputation,
and financial condition may be adversely affected.

If we are unable to introduce new or upgraded
platform features that Hosts or Guests recognize as valuable, we may fail to retain and attract such users to our platform and our operating
results would be adversely affected. 

To continue to retain and
attract Hosts and Guests to our platform, we will need to continue to introduce new or upgraded features, functions and technologies
that add value for Hosts and Guests that differentiate us from our competitors. Developing and delivering these new or upgraded features,
functions and technologies is costly, and the success of such features