Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 351

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 3
Chunk 351
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 accruals, however there can be no assurance that this will be the case. Accordingly, we believe that additional funds will
be required to support 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 not be able to meet our obligations or continue as a going concern.

Our Common Stock is quoted on an OTC Markets
Group trading platform, the OTCQX, instead of a national exchange or quotation system. Accordingly, our investors may experience significant
volatility in the market price of our Common Stock and have difficulty selling their shares.

Our Common Stock is currently quoted on an OTC
Markets Group trading platform, the OTCQX, under the ticker symbol “ZCAR.” The OTC Markets Group is a regulated quotation
service that displays real-time quotes, last sale prices, and volume limitations in over-the-counter securities. Trading in shares quoted
on an OTC Markets Group trading platform is often thin and characterized by volatility in trading prices. This volatility may be caused
by a variety of factors, including the lack of readily available price quotations, the absence of consistent administrative supervision
of bid and ask quotations, lower trading volume, and market conditions. As a result, there may be wide fluctuations in the market price
of the shares of our Common Stock for reasons unrelated to operating performance, and this volatility, when it occurs, may have a negative
effect on the market price for our securities. Moreover, the OTC Markets Group is not a stock exchange, and trading of securities on one
of its trading platforms is often