Zoomcar that it has entered into a merger agreement with Innovative International Acquisition Corp and will become a publicly traded entity on the Nasdaq. The combined company is worth approximately USD 456 million as a result of the transaction.
The combined entity will be renamed Zoomcar Holdings, Inc after the transaction is completed, and it plans to list its common stock on the Nasdaq. Zoomcar currently operates in over 50 cities around the world. Its global car-sharing marketplace has over 3 million active users and over 25,000 vehicles registered for use.
