Zoomcar to go public latest news |India-based car-sharing company Zoomcar Inc. and the blank-check company Innovative International Acquisition Corp. have agreed to merge in order for Zoomcar Inc. to become publicly traded.
Zoomcar to go public latest news
By allowing owners to list their cars on the site and allowing customers to rent them by the hour, day, week, or month, Zoomcar maintains a marketplace for private vehicles. Across addition to more than 50 cities in India, Indonesia, Vietnam, and Egypt, the corporation has its headquarters in Bangalore.
According to the persons, who asked to remain anonymous since the transaction is private, the merger with the special purpose acquisition firm suggests a pro forma enterprise value of around $456 million for the company.