.
MergerLinks Header Logo

New Deal


Announced

Completed

Zoomcar went public via a SPAC merger with Innovative International Acquisition in a $456m deal.

Financials

Edit Data
Transaction Value£413m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Reverse Takeover

Auto Services

Majority

Friendly

Merger

Cross Border

Private

Acquisition

Single Bidder

India

car rental service

De-SPAC

Completed

Synopsis

Edit

Zoomcar, an operator of an online car-rental platform, went public via a SPAC merger with Innovative International Acquisition, a blank cheque company, in a $456m deal. “We’re thrilled to announce this exciting milestone in Zoomcar’s nearly decade long company journey. 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. We thank the IOAC team for partnering with us in these efforts," Greg Moran, Zoomcar Founder & CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US