Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 36

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 36
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 and governmental regulations in India. In addition, incurring indebtedness would subject us to increased debt service obligations and could result in operating and financing covenants that would restrict our operations. There can be no assurance that financing will be available in a timely manner or in amounts or on terms acceptable to us, or at all. Any failure to raise needed funds on terms favorable to us, or at all, will severely restrict our liquidity as well as have a material adverse effect on our business, financial condition and results of operations. In addition, any issuance of equity or equity-linked securities could result in significant dilution to our existing shareholders. Additionally, fundraising efforts may divert our management from its day-to-day duties and activities, which may affect our ability to execute our business plan. If we do not raise additional capital imminently to continue operations in the short term or otherwise when required or in sufficient amounts and on acceptable terms, we may need to:

| ● | significantly delay, scale back                                                   
 or discontinue certain business initiatives, such as our international expansion; |

18

| ● | significantly delay key investments                                                                   
 in IoT, advanced computer vision, machine learning and related artificial intelligence technology; or |

| ● | significantly delay our consumer                                    
 brand-building initiatives, thereby delaying our broader expansion. |

Our future funding requirements, both short-term and long-term, depend on many factors, including but not limited to:

| ● | our ability to successfully scale                                                                                                            
 our business within the market in which we currently operate, including by increasing the number and quality of Host vehicles and attracting 
 and retaining more Guests to use our platform to meet a broader variety of mobility needs;                                                   |

| ● | our ability to successfully expand                                                               
 into additional emerging markets as opportunities to grow our operations become available to us; |

| ● | the pace of technological development                                                            
 in core focus areas such as IoT, computer vision, machine learning, and artificial intelligence; |

| ● | the cost to establish, maintain,                                                                                                       
 expand and defend the scope of our intellectual property portfolio, including the amount and timing of any payments we may be required 
 to make in preparing, filing, prosecution, defense and enforcement of any intellectual property rights;                                |

| ● | the effect of competing technological 
 and market developments; and          |

| ● | market acceptance of our platform                                         
 and the functionality it provides to facilitate peer-to-peer car sharing. |

If lack of available capital prevents us from proceeding with the execution of our business plan, our ability to become profitable will