SRIVARU Holding went public via merger with Mobiv in a $409m deal.

SRIVARU Holding, a provider of premium electric motorcycles in India, went public via merger with Mobiv, a blank check company, in a $409m deal. "We are excited to announce this transformative transaction, which we believe will not only drive significant value for stockholders, but has the potential to transform the Indian and global electric vehicle markets. We believe SRIVARU’s state-of-the-art technologies, low-cost manufacturing, expanding distribution channels and attractive price points for consumers are poised to disrupt the motorcycle market in both India and around the world," Peter Bilitsch, Mobiv CEO.