Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 76

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 76
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s and Guests prior to each booking that occurs
in India also disclaims our responsibility for Host and Guest property and for other damages incurred in relation to bookings. We also
include in our platform terms and conditions a limit on our overall liability equal to the greater of the booking value of each trip
and $120. However, we cannot be certain of the extent to which such disclaimers and limitations would be upheld as legally enforceable
in every jurisdiction or circumstance. We regularly receive communication from Hosts (and from time to time, Guests) asserting that we
are responsible, and requesting reimbursement, for damages to vehicles, lost property and other losses. All of our Guests pay a “value
added” trip protection fee as part of a booking, however, the amount available to us from Guest trip protection fees is not sufficient
to offset the amounts requested to cover the cost of all damages claims, nor do we attempt to offset all such requests to cover vehicle
damage. As a result, we often remain at a risk of residual claims that we may have to absorb in absence of a third-party insurance. For
further information regarding the trip protection fees and related matters, please review information contained in this 10-K under the
heading “Business - Other Matters.” 

Further, we currently do
not carry any insurance to protect against third-party damage claims tied to death, personal injury, Host vehicle damages, or Guest or
Host theft or other losses, or third-party property damage. Although Hosts may insure their own vehicles to varying extents and are required
to do so by law, we do not carry out independent verification of Host insurance coverage, nor does Host vehicle insurance coverage, to
the extent it exists, insulate us, in full or in part, from all types of damages claims or claims for third-party indemnification associated
with damages. We may therefore be subject to claims of significant liability based on any of the foregoing or based on other events or
circumstances which occur during a booking or relate in some other manner to our platform or our business. We do not maintain balance
sheet reserves to cover costs of defending, disputing, adjudicating, satisfying or settling any such claims if they are asserted against
us and we may not be able to succeed in any such actions, should they materialize and be determined to result in liability to us. While
we intend to expand our insurance coverage in the future, there can be no guarantee that we will be able to