Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 371

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 3
Chunk 371
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portunities for platform development, innovation, and upgrades without alienating our existing Guest base or focusing excessive resources
or attention on unprofitable or short-lived trends. If we are unable to respond on a timely and appropriate basis to changes in demand
or Guest preferences, our business may be adversely affected.

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Additionally, if we are unable
to compete with other car sharing platforms and other mobility solutions in the market in which we operate, our bookings will decrease,
and our financial results will be adversely affected. Guests desiring to book vehicles through our platform must pay booking fees, which
include, among other fees, “upfront booking fees,” less any applicable discounts and credits, and “value added”
or trip-protection fees payable at the time of a booking; other charges may also be incurred by Guests after a booking, such as trip cancellation
fees, gasoline fees, late fees and other charges. Many of these fees are generated through our platform functions and some of the fees
are selected by Guests from a range of options presented to them at the time of a booking. If our booking and trip-related fees are not
competitive, or our platform functionality is not appealing or outdated, or negative reviews or publications are released in connection
with our platform, Guests may stop or reduce their use of our platform, our business, results of operations, reputation, and financial
condition may be adversely affected.

If we are unable to introduce new or upgraded
platform features that Hosts or Guests recognize as valuable, we may fail to retain and attract such users to our platform and our operating
results would be adversely affected. 

To continue to retain and
attract Hosts and Guests to our platform, we will need to continue to introduce new or upgraded features or product offerings, functions
and technologies that add value for Hosts and Guests that differentiate us from our competitors. Developing and delivering these new or
upgraded features, functions and technologies is costly, and the success of such features, functions and technologies depends on several
factors, including the timely completion, introduction, and market acceptance of such features, functions, and technologies. Moreover,
any such new or upgraded features, functions and technologies may not work as intended or may not provide intended value to Hosts and
Guests. If we are unable to continue to develop new or upgraded features, functions, and technologies, or if Hosts and Guests do not perceive
value in such new or upgraded features, functions and technologies, Hosts and Guests may choose not to use