17 Oct 2022 , 07:16 AM
Zoomcar, a car-sharing company, has agreed to merge with Innovative International Acquisition Corp. and will now be listed on the Nasdaq. The combined firm is valued at about $456 million as a result of the acquisition.
The combined company will be renamed Zoomcar Holdings, Inc. after the deal closes, and it plans to issue its common shares on Nasdaq.
The firm was established in 2013 and is already present in more than 50 cities worldwide.
Over 25,000 vehicles are registered for usage on its international car-sharing marketplace, which has over 3 million active customers.
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