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.
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StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.
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.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.
