Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 254

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 254
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 are
beyond our control, and we may suffer adverse impacts to our further development as a result of circumstances which include decreasing
customer demand, increasing competition, declining growth of the car sharing industry in general, insufficient supply of vehicles on our
platform, or changes in government policies or general economic conditions. We will continue to develop and improve the features, functions,
technologies, and other offerings on our platform to increase our Guest and Host bases and volume of bookings on our platform. However,
the execution of our business plan is subject to uncertainty and bookings may not grow at the rate we expect. If our growth rates decline,
investors’ perceptions of our business and prospects may be adversely affected and the market price of our Common Stock could decline.

Existing and potential holders
of our securities should also consider the risks and uncertainties that a company with a limited history, such as ours, will face in the
evolving personal mobility solutions market. In particular, there can be no assurance that we will:

    ●
    successfully execute on our business plan, particularly in light of our current liquidity and capital resources;

    ●
    facilitate sufficient bookings to become profitable in the near-term if at all;

    ●
    attract increasing numbers of Hosts and Guests within our current market and future potential additional markets;

    ●
    increase penetration within our current markets through continued improvements in vehicle density, platform features and strategic marketing efforts;

    ●
    enable us to successfully execute our business plans;

    ●
    enhance our brand recognition and awareness;

    ●
    acquire new Hosts and Guests by increasing our market penetration with deeper market coverage;

    ●
    develop new platform functionality and features that enhance our ability to retain Guests and Hosts;

    ●
    develop, improve, or innovate our proprietary technology that allows for a sustainable competitive advantage;

    ●
    attract, retain, and manage a sufficient staff of management and technology personnel; or

    ●
    respond effectively to competitive pressures.

75

Our operating and financial forecasts are
subject to various known and unknown contingencies and factors outside of our control and may not prove accurate, and we may not achieve
results consistent with management’s expectations. 

Our quarterly and annual operating results have
fluctuated in the past and are likely to fluctuate in the future. During any given period, our operating and financial results may be
influenced by numerous factors, many of which are unpredictable or are outside of our control. Additionally, our limited operating history
with our