Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 767

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 4
Chunk 767
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-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 have to limit operations in a manner inconsistent with our development.

The market for online platforms for peer-to-peer
car sharing is relatively new and rapidly evolving. If we fail to successfully adapt to developments in our market, or if peer-to-peer
car sharing online platforms do not achieve general acceptance, it could adversely affect our business, financial condition, and operating
results. 

In December 2021, we transitioned
to our current peer-to-peer cash sharing business model. The market for online peer-to-peer car sharing platforms is relatively new and
unproven and the data and research available regarding the market or the industry may be limited and unreliable. It is uncertain whether
the peer-to-peer car sharing market will continue to develop or if our platform will achieve and sustain a level of demand and market
acceptance sufficient for us to generate meaningful revenue, net income, and cash flow. Our success will depend to a substantial extent
on the willingness of Hosts and Guests to use our platform to identify car sharing opportunities. Some Hosts may be reluctant or unwilling
to make their vehicles available for use on our platform because of concerns which may include, but are not limited to, potential decline
in the value of their vehicle if listed on our platform, uncertainty of economic benefits from platform usage, ability to recover losses
associated with lost or damaged property, compliance with our platform’s terms of use, data privacy and security concerns, or other
reasons.

In addition, our success
also requires utilization of our platform by Guests to book vehicles. Guests’ willingness to utilize our platform may depend, among
other factors, on Guests’ belief in the ease-of-use, integrity, quality, availability, safety, cost-effectiveness, convenience and
reliability of our platform and the vehicles listed by Hosts for bookings thereon.