Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 409

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 409
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 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 New 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 Nasdaq 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. In order to improve our disclosure controls and procedures and
internal control over financial reporting to meet this standard, significant resources and management oversight may be required. As a
result, the management’s attention