Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 179

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 179
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 reputation, business, results of operations, and financial condition.

109

In addition, we do not, and
may not in the future, undertake to independently verify the safety, suitability, quality, and compliance with our policies or standards
of our Hosts’ vehicles. We have created policies and standards to respond to certain issues reported with listings, but certain
bookings may pose heightened safety risks to individual users because the underlying issues had never been reported to us. We rely, at
least in part, on Hosts and Guests to investigate and enforce many of our policies and standards and report any issues with listings to
us, and we cannot guarantee that they will do this promptly or accurately.

Moreover, we cannot conclusively
verify the identity of all Guests, nor do we verify or screen third parties who may be present during a trip using a vehicle booked through
our platform. While we do some limited screening of Hosts, our trust and safety processes focus primarily on Guests to reduce the risk
of vehicle theft and motor vehicle accidents. Our identity verification processes rely on, among other things, information provided by
users at onboarding and booking, and our ability to validate that information and we do not require users to re-verify their identity
following their successful completion of the initial verification process or require Guests to provide documentation or notification of
any updates regarding their driving record or license status. We may not identify instances of identity fraud where a Guest books a vehicle
under another person’s identity for criminal or other unlawful purposes. Furthermore, we do not conduct criminal background checks
or any other screening processes on Guests and their invitees in a vehicle booked through our platform. Given this ambiguity or potential
change, it is possible that we are not now, or may not be in the future, compliant with those laws. Further, the use of criminal background
checks or credit checks in our marketplace may open us up to allegations of discrimination. Therefore, we may be subject to negative publicity
and incur additional expenses, which could harm our business, results of operations, and financial condition.

Our exposure to exchange rate fluctuations
and the translation of local currency results into U.S. dollars could negatively impact our results of operations. 

All of our business is transacted
and/or denominated in foreign currencies, and fluctuations in currency exchange rates could have a significant impact on our results of
operations, financial condition, and cash flows. Increased currency volatility, particularly in the Indian Rupee, could also positively
or negatively impact our foreign-c