Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 70

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 70
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 from making our app available to Hosts and Guests, or if such systems or marketplaces make changes
that degrade the functionality of our app, slow the rollout of our app on other app marketplaces, increase the cost of using our app,
impose terms of use that are unsatisfactory to us, require users to opt in to enable marketing or advertising features, or modify their
search or ratings algorithms in ways that are detrimental to us, our Guest growth may be negatively affected. Any of the foregoing risks
could adversely affect our business, financial condition, and results of operations.

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Our business depends on attracting and retaining capable management, technology development and operating personnel.

Our success depends in large
part on our ability to attract and retain high-quality management, technology development and operating personnel. Competition for qualified
employees is intense in our industry. There can be no assurance that members of our management team will continue to work for Zoomcar,
or that we will be able to continue to attract or retain employees focused on technology development or other important aspects of our
business and operations. Our employees, including members of our management team, could leave us with little or no prior notice and would
be free to work for a competitor. The loss of even a few qualified employees, or an inability to attract, retain, and motivate additional
highly skilled employees required to carry out our business plans, could harm our operating results and impair our ability to grow. If
we were to lose key members of our management or technology teams, we would need to replace them with qualified individuals in a timely
manner or else our business, results of operations and financial condition could be adversely impacted. Additionally, certain of our
executive officers and directors may allocate their time to other businesses, thereby causing potential conflicts of interests which
could have a negative impact on our business operations.

We also do not maintain
“key person” life insurance on any of our employees. The departure of one or more of our senior management team members or
other key employees could be disruptive to our business until we are able to hire qualified successors.

To attract and retain
key personnel, we use various measures, including an equity incentive program for key executive officers and other employees. These measures
may not be enough to attract and retain the personnel we require to operate and grow our business effectively. If we fail to identify,
hire, train and retain qualified management or technology personnel in the future, it may materially and adversely affect our business,
financial