Announced
Completed
Financials
Tags
Reverse Takeover
Auto Services
Majority
Friendly
Merger
Cross Border
Private
Acquisition
Single Bidder
India
car rental service
De-SPAC
Completed
Synopsis
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.
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