Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 15

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 15
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 at www.sec.gov,and which you are advised to consult. For additional
information, please see the section entitled “Where You Can Find More Information.”

<div align='center'>S-v

PROSPECTUS SUPPLEMENT SUMMARY</div>

The following summary is qualified in its entirety by, and should be read in conjunction with, the more detailed information and financial statements and notes thereto appearing elsewhere in this prospectus supplement, the accompanying prospectus, and the documents incorporated by reference herein and therein. In addition to this summary, we urge you to read the entire prospectus supplement, the accompanying prospectus, and the documents incorporated by reference carefully, especially the risks of investing in the Ordinary Shares discussed under “Risk Factors” of this prospectus supplement and under “Item 3. Key Information — 3.D. Risk Factors” in our 2023 Form 20-F that is incorporated by reference in this prospectus supplement and the accompanying prospectus. This prospectus supplement contains information from an industry report commissioned by us and prepared by Frost & Sullivan Report to provide information regarding our industry. We refer to this report as the “Frost & Sullivan Report.” The definition of some of the terms used in this prospectus supplement are set forth under the section “Selected Definitions.” For additional information, see the section of this prospectus supplement entitled “Where You Can Find More Information.”

Overview

We are a leading cloud-based provider of digitalized
enterprise auto services and auto eInsurance service in China. For the years ended December 31, 2022 and 2023, we generated revenue of
$282.4 million and $363.7 million, respectively. Building on our leading position in both of these segments and the synergies between
them, we offer one-stop, fully digitalized, on-demand automotive service systems to help our enterprise clients build up their customer
base and serve their end customers.

Since our inception in 2007, we have amassed ample
experience in perceiving and serving the expanding needs of China’s automobile owners. Rising with the increasing prevalence of
the mobile internet in China, we introduced online apps for our insurance and auto business in 2014 and 2015, respectively. We have built
comprehensive digital systems for both of our auto service and our auto eInsurance business segments, centered on our multi-tenant, cloud-based
platform which empowers our clients and service providers to optimally access and manage the types of services and insurance they desire.

We operate our auto services business through
off