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

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.