Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 155

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 155
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 can be prohibitively expensive relative to average incomes.         
 High import duties and excise taxes in many emerging markets contribute to expensive upfront vehicle prices. At the same time, the used       
 car market in emerging markets remains largely decentralized, unorganized and offline, thereby making it more challenging for consumers       
 to obtain transparent, affordable pricing for quality vehicles. Additionally, the vehicle financing market remains largely undeveloped        
 in our target emerging markets, as interest rates may be between 10% and 15%, with many financiers requiring down payments of 20% to 30%      
 or higher. Additionally, even traditional car leasing options are in short supply in many emerging markets given the relatively high interest 
 rate environment and lack of robust, reliable credit data, combined with other barriers to entry that may be presented by local regulatory    
 considerations.                                                                                                                               |

| ● | Ride sharing solutions (similar                                                                                                            
 to Uber or other local market equivalent) cover very different consumer use cases and do not meet longer-distance travel requirements.     
 Ride sharing solutions generally serve limited use cases that are focused on intra-city point-to-point travel. We believe the majority     
 of ride sharing use cases are for trips under 15 miles, above which the pricing becomes unattractive to most consumers, as pricing models  
 need to take into account the costs associated with the driver’s return trip, which we believe may add between 20-30% to the overall       
 trip price. In addition to being a more cost-effective alternative to ride sharing, we believe that car sharing offers advantages relating 
 to autonomy, privacy, convenience and comfort. Moreover, the range of vehicle options available through a car sharing platform greatly     
 outweigh those options available under a ride-hailing option.                                                                              |

| ● | Traditional car rental and chauffer                                                                                                              
 services in our target emerging markets are generally unorganized, largely offline, and oftentimes still come with a driver included.            
 A collection of smaller, largely offline operators provides car rental services to the end consumers needing cars for personal use               
 in our target emerging markets. In the absence of traditional car rental companies, these local “mom and pop” providers                          
 offer less standardized services that do not provide the driver with significant choice or price transparency (e.g., many still require          
 an upfront cash deposit). Additionally, the offline providers typically do not have broad local presences and are thus unable to offer           
 value added services like home delivery or flexible vehicle extensions. The unorganized rental providers also focus on offline fulfilment        
 which is not digitally enabled and therefore require