Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 702

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 702
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 including costs for remediating the effects of such an event, paying a ransom,
restoring data from backups, and conducting data analysis to determine what data may have been affected by the breach. In addition, our
efforts to contain or remediate a security breach or any system vulnerability may be unsuccessful, and our efforts and any related failures
to contain or remediate any breach or vulnerabilities could result in interruptions, delays, loss in customer trust, harm to our reputation,
and increases in our insurance premiums.

85

We do not currently have
insurance coverage for security incidents or breaches, including fines, judgments, settlements, penalties, costs, attorney fees, and other
impacts that arise out of incidents or breaches. While we may obtain cyber liability insurance in the future, we cannot assure you that
such insurance coverage will adequately cover liabilities actually incurred or that insurance will continue to be available to us on economically
reasonable terms, or at all. The successful assertion against us of one or more large claims that exceeds available insurance coverage,
or that results in changes to insurance policies (including premium increases or the imposition of large deductible or co-insurance requirements),
could have an adverse effect on our business. Our risks are likely to increase as we continue to expand, grow our Host and Guest base,
and process, store, and transmit increasingly substantial amounts of confidential, proprietary, and sensitive data.

We face competition and could lose market
share to competitors, which could adversely affect our business, financial condition, and operating results. 

We face and expect to continue
to face competition from ride sharing companies, car rental and taxi companies. The car sharing market in particular is intensely competitive
and is characterized by rapid changes in technology, shifting guest needs and preferences, and frequent introductions of new services
and offerings. We expect competition to increase, both from existing competitors and new entrants in the markets in which we operate or
plan to operate, and such competitors may be well-established and enjoy greater resources or other strategic advantages. If Zoomcar is
unable to anticipate or successfully react to these competitive challenges in a timely manner, Zoomcar’s competitive position could
weaken, or fail to improve, and Zoomcar could experience a decline in revenue or growth stagnation that could adversely affect Zoomcar’s
business, financial condition, and operating results.

Certain of our current and
potential competitors may have greater financial, technical, marketing, research and development skills and other resources, greater name
recognition, longer operating histories, or a larger global