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New Deal


Announced

Hunch Mobility to go public via merger with Direct Selling Acquisition in a $223m deal.

Financials

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Transaction Value£176m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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mobility services

Friendly

India

urban air mobility

Transportation Services

Acquisition

Cross Border

Private

Reverse Takeover

Majority

De-SPAC

Pending

Single Bidder

Synopsis

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Hunch Mobility, a provider of urban air mobility in the Indian subcontinent, agreed to go public via merger with Direct Selling Acquisition, a special purpose acquisition company, in a $223m deal. "India's rapid economic growth is shackled by severe road congestion, a crippling bottleneck requiring innovative solutions. To address this opportunity, Hunch Mobility is pioneering a short-haul air mobility platform with helicopters today and a transition to EVAs in the near future. We expect that this business combination will enable us to fully leverage the gains of our first-mover advantage and aggressively expand our footprint in the Indian subcontinent," Amit Dutta, Hunch Mobility Managing Director.

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