Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 53

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 53
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 continue registering vehicles or making them available for
bookings through the platform. For example, Hosts may cease or reduce vehicle registrations or the periods of time they make cars available
for bookings for any number of reasons, such as competitor platforms having more Guests making bookings, risk of vehicle damage for which
Hosts may not be able to recoup damages from Zoomcar or hesitancy to install the IoT GPS-enabled tracking device we require Hosts to
affix to vehicles upon platform registration or for any other reason, we may lack sufficient supply of vehicles to attract Guests to
utilize our platform. If Hosts do not share sufficient numbers of vehicles, or if the vehicles they register to our platform are less
attractive to Guests than vehicles offered by competitors, our revenue would likely decline and our business, financial condition, and
results of operations could be materially adversely affected.

Hosts are not required to
make their vehicles available on our platform for a minimum sharing period or number of bookings and Hosts may choose not to share their
vehicles on our platform at all if we cannot generate sufficient demand for their vehicles or if bookings through our platform are not
sufficiently attractive to Hosts to retain and attract Hosts to use the platform. While we continue to invest in tools and resources
to support Hosts, the pricing features and other capabilities of our platform may not be as attractive to Hosts as those developed by
our competitors, and Hosts may not share their vehicles on our platform as a result. If Hosts perceive that listing vehicles on our platform
may be insufficiently remunerative to, for example, offset any leasing, financing, parking, registration, maintenance, and repair costs
of vehicles registered to the platform, we may lose or fail to attract Hosts and may not be able to make a sufficient number of vehicles
available for use by our Guests.

32

If we fail to retain existing Guests, or
attract and maintain new Guests, our business, financial condition, and results of operations may be negatively impacted.

Our business model depends
on our ability to retain and attract Guests to make bookings on our platform. There are a number of trends in and aspects of Guest preferences
which have an impact on us and the car sharing industry as a whole. These include, among others, preferences for types of vehicles, convenience
of online bookings, and monetary savings associated with car sharing and platform bookings relative to other possible transportation
solutions. Any shift in Guest preferences, which are susceptible to