zoomcar: Zoomcar merges with Innovative International Acquisition Corporation

israel: Israel's judicial proposals prompt startups to relocate: government agency

Car sharing marketplace Zoomcar and special purpose acquisition company Innovative International Acquisition Corporation (IOAC) completed their merger on Friday. The merged entity has been renamed Zoomcar Holdings Inc, and is expected to begin trading on NASDAQ on Friday, Zoomcar said in a statement.

Zoomcar and IOAC had entered into a definitive merger agreement on October 13, 2022.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
IIM Lucknow IIML Executive Programme in FinTech, Banking & Applied Risk Management Visit
Northwestern University Kellogg Post Graduate Certificate in Product Management Visit
MIT MIT Technology Leadership and Innovation Visit

“This marks the beginning of an important new phase in our company’s growth as we embark on reaching new heights for our emerging market focused ‘peer2peer’ car sharing platform,” Zoomcar CEO and Co-Founder Greg Moran said.

IOAC Chairman and CEO Mohan Ananda has been approved by IOAC shareholders as nominee to the board of directors of Zoomcar Holdings and is expected to serve as the initial chairman of Zoomcar Holdings board, the statement added.

Discover the stories of your interest

“As an innovative peer-to-peer car-sharing company, Zoomcar holds immense potential to establish a global community of car owners and renters. With Zoomcar’s exceptional management team, we are poised to make a transformative impact on traditional industries,” Ananda said.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

Source link

Online Company Registration in India

Leave a Reply

Your email address will not be published. Required fields are marked *