Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 61

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 61
---
 to purchase the devices at a comparatively higher
price, which may adversely affect our business, financial condition and results of operations.

We have limited control over
the operations of our suppliers and other business partners and any significant interruption in their operations may have an adverse impact
on our operations. For example, a significant interruption in the operations of our supplier’s production facilities could cause
delay or termination of shipment of the IoT devices to us, which may, in turn, reduce or delay our ability to pre-program and distribute
such devices to Hosts which may in turn affect the retention of Hosts who are more inclined towards installing the devices leading to
a lower availability of inventory on our Platform.

As our operations continue
to scale and grow, we anticipate needing an increased number of IoT devices, and our demand therefore may exceed the capabilities of our
existing suppliers. If our suppliers cease to supply adequate numbers of IoT devices to us, or if we need alternative sources of supply
for any other reason, those devices may not be immediately available to us. If alternative suppliers are not immediately available, we
will have to identify and qualify alternative suppliers, and the installation of such devices on vehicles which Hosts wish to add to our
platform may be delayed. We may not be able to find adequate alternative or additional suppliers in a reasonable period of time or on
commercially acceptable terms, if at all. An inability to obtain sufficient supply of IoT devices which we can program for platform use
may delay installation of such devices on vehicles that would otherwise become registered or more promptly registered to our platform,
harm our relationships with Hosts, which could adversely affect our business and operations.

<div align='center'>28</div>

Maintaining and enhancing our brand and reputation is critical to our business prospects. While we have taken significant steps to build and improve our brand and reputation, failure to maintain or enhance our brand and reputation will cause our business to suffer.

As our platform continues
to scale and becomes increasingly interconnected, resulting in increased media coverage and public awareness of our brand, future damage
to our brand and reputation could have an amplified effect on our platform offerings. Our brand and reputation may also be harmed by events
outside of our control, including by perceptions of our business or our platform which are subjective in nature. For example, if Hosts
misrepresent the features or safety of their vehicles in platform listings or otherwise provide diminished quality of vehicles, Guests
may not have positive experiences with bookings and may not return to the platform for future transportation needs