Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 364

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 3
Chunk 364
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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 current peer-to-peer car sharing business model makes it difficult for us to forecast our future results and subjects us to a
number of uncertainties, including our ability to plan for and anticipate future growth. As a result, you should not rely upon our past
quarterly and annual operating results as indicators of future performance. We have encountered, and will continue to encounter, risks
and uncertainties frequently experienced by growing companies in rapidly evolving markets, such as the risks and uncertainties described
herein.

We have a history of operating losses and
negative cash flow, we have limited cash resources, we will need to raise additional funds imminently to finance operations and as a result
there is substantial doubt about our ability to continue as a going concern. 

We have a history of operating
losses and expect to continue incurring operating losses in the foreseeable future as we continue to develop our current business model
and enhance our platform offerings. We also have indebtedness that is in default in excess of our current capital resources (see “Management’s
Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources” in our Form
10-Q for the quarter ended June 30, 2025). On June 18, 2024, the Company entered into a securities purchase agreement with certain
institutional accredited investors (the “June Aegis Securities Purchase Agreement”) pursuant to which the Company issued
and sold an aggregate of $3,600,000 in principal amount of notes (the “June Notes”) and warrants to purchase up to
an aggregate of 1,267,728 shares of Common Stock (which takes into account an adjustment following the Company’s Share Combination
Event that was effective on October 22, 2024) (the “June Warrants”) for gross proceeds of $3,000,000.

Additionally, on November
7, 2024, the Company closed the November 7 Placement for gross proceeds of $9.15 million (