News > Zoomcar to list in U.S. via $456 mn SPAC deal

Zoomcar to list in U.S. via $456 mn SPAC deal

Dais Newsfeed | 14/10/2022 03:11 PM | Click to read full article

Indian car rental platform Zoomcar Inc said on Thursday it would go public in the United States after being acquired by blank-check firm Innovative International Acquisition Corp.

The deal will value the combined company at $456 million, including debt, Zoomcar said. The company said proceeds from a trust account that contains about $235 million will provide the capital for general working purposes. 

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