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

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.