Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 110

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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-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, defence 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.

71

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

Future sales of our securities may affect
the market price of the Common Stock and result in material dilution, including the anti-dilution protection in the warrants issued in
2024. We are also in default of various outstanding debt obligations, including under the Notes issued to ACM, and may issue shares of
Common Stock or other securities to satisfy those obligations in the future (in the case of ACM, subject to receipt of shareholder approval).
The issuance of shares of Common Stock or other securities in the future will dilute your percentage ownership interest and may also result
in downward pressure on the price of our Common Stock.

We will finance our immediate
cash needs (and expect to finance our future cash needs until we become profitable, if ever) through equity offerings, debt financings
or other third-party funding, marketing and distribution arrangements and other collaborations, strategic alliances and licensing arrangements.
We will require substantial funding to fund our business. In June 2024 we issued warrants that contain an “alternative cashless
exercise” provision which gives the warrant holder the right to exchange the warrant on a one-for-one basis for shares of Common
Stock at any time that the warrant is exercisable without any cash payment and without regard to the then market price of the Company’s
Common Stock or exercise price of the warrant. In addition, the warrants include a provision that resets the warrant exercise price with
a