Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 874

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1
Chunk 874
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 of the
consummation of the Business Combination, our expenses have increased substantially in connection with actions and efforts required to
operate as a public company. During the six months ended September 30, 2025, we have incurred expenses in maintaining the listing requirements
and complying with statutory filings with SEC along with significant professional and consultancy fee to professionals and we contemplate
that we will continue to incur these expenses as long as we remain a public company to fulfill which we will need additional capital.

Moreover, we expect our expenses
to increase moderately with growth in our business operations. We do not currently have sufficient cash resources to operate our business
beyond March 31, 2026 (assuming that we do not repay any of our currently outstanding indebtedness) and accordingly, will need to
raise capital imminently to continue our operations and to fully execute our business plan. Additionally, circumstances could cause us
to consume capital more rapidly than we currently anticipate and if our cash resources are insufficient to satisfy our cash requirements,
we may seek to issue additional equity or debt securities or obtain new or expanded credit facilities or identify and secure additional
sources of capital. Our ability to obtain external financing in the future is subject to a variety of uncertainties, including our future
financial condition, results of operations, cash flows, share price performance, liquidity of capital and lending markets and governmental
regulations in India. In addition, incurring indebtedness would subject us to increased debt service obligations and could result in operating
and financing covenants that would restrict our operations. There can be no assurance that financing will be available in a timely manner
or in amounts or on terms acceptable to us, or at all. Any failure to raise needed funds on terms favorable to us, or at all, will severely
restrict our liquidity as well as have a material adverse effect on our business, financial condition and results of operations. In addition,
any issuance of equity or equity-linked securities could result in significant dilution to our existing shareholders. Additionally, fundraising
efforts may divert our management from its day-to-day duties and activities, which may affect our ability to execute on our business plan.
If we do not raise substantial additional capital imminently to continue operations in the short term or otherwise when required or in
sufficient amounts and on acceptable terms, we may need to:

●significantly
delay, scale back or discontinue certain business initiatives, such as our international expansion;

●significantly
delay key investments in IoT, advanced computer vision, machine learning