Friday, July 28, 2023 2:54:16 PM
Mobiv is a newly incorporated company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with a target business. On March 13, 2023, Mobiv announced it had entered into a business combination agreement, whereby Mobiv will combine with SRIVARU Holding Ltd, a commercial-stage provider of premium electric motorcycles, to create a new publicly traded company. The transaction is expected to provide SRIVARU with access to additional capital and position the company to accelerate the commercial rollout-out of its E2W vehicles in the Indian market. Additional information about the company is available at:
On March 13, 2023, SRIVARU announced an agreement for a business combination with Mobiv Acquisition Corp (“Mobiv”) (Nasdaq: MOBVU, MOBV, MOBVW), which is expected to result in SRIVARU becoming a public company listed on the Nasdaq Stock Exchange and is expected to close in the first half of 2023, subject to customary closing conditions.
About SRIVARU Holding Ltd.
SRIVARU is the parent company of SRIVARU Motor Private Ltd., a leading commercial-stage provider of premium e-motorbikes in India. SRIVARU was founded on the realization that while the rider-motorcycle relationship is deep and complex, it is in desperate need of innovation for the next generation of riders. SRIVARU provides affordable premium electric two-wheeled vehicles (“E2W”) that provide an exceptional riding experience with redundant 3-channel automated braking, a low center of gravity to improve stability, enhanced safety features, and easy charging compatible with home charging outlets. The company has a broad array of intellectual property, including a patent-pending chassis and drive acceleration system. In addition, SRIVARU offers customers a superior total cost of ownership, compared to traditional internal combustion engine motorcycles and E2W vehicle competitors. Additional information about the company is available at: https://srivarumotors.com/
Recent MOBV News
- SRIVARU Provides Business Update Following Successful Business Combination with Mobiv Acquisition Corp • GlobeNewswire Inc. • 12/11/2023 04:50:13 PM
- SRIVARU Provides Business Update Following Successful Business Combination with Mobiv Acquisition Corp • GlobeNewswire Inc. • 12/11/2023 01:00:00 PM
- Mobiv Acquisition Corp Announces Closing of Business Combination with SRIVARU Holding Limited • GlobeNewswire Inc. • 12/08/2023 06:15:00 PM
- Mobiv Acquisition Corp Enters into Amendment to Non-Redemption Agreement Extending Term • GlobeNewswire Inc. • 11/17/2023 01:00:00 PM
- Mobiv Acquisition Corp Announces Extension of Deadline to Complete Business Combination • GlobeNewswire Inc. • 11/08/2023 01:00:00 PM
- Mobiv Acquisition Corp Provides Further Update on Planned Business Combination • GlobeNewswire Inc. • 11/03/2023 09:00:00 PM
- Mobiv Acquisition Corp Announces Trust Value Update • GlobeNewswire Inc. • 10/18/2023 10:46:06 PM
- Mobiv Acquisition Corp Announces Extension of Deadline to Complete Business Combination • GlobeNewswire Inc. • 10/06/2023 12:00:00 PM
- Mobiv Acquisition Corp Provides Further Update on Planned Merger with SRIVARU Holding Limited and Bonus Pool Shares • GlobeNewswire Inc. • 10/02/2023 12:30:00 PM
- Mobiv Acquisition Corp Stockholders Approve Previously Announced Business Combination with SRIVARU Holding Limited • GlobeNewswire Inc. • 09/29/2023 12:00:00 PM
- Mobiv Acquisition Corp Provides Update on Planned Business Combination with SRIVARU • GlobeNewswire Inc. • 09/27/2023 08:30:00 PM
- Mobiv Acquisition Corp Announces Redemption Results in Connection with Planned Merger with SRIVARU Holding Limited • GlobeNewswire Inc. • 09/27/2023 12:00:00 PM
- Mobiv Acquisition Corp Announces Extension of Deadline to Complete Business Combination • GlobeNewswire Inc. • 09/05/2023 09:00:00 PM
- SRIVARU Awarded Key Patent for Motorcycle Chassis with Traction Battery Pack Protection System • GlobeNewswire Inc. • 08/30/2023 12:00:00 PM
- Mobiv Acquisition Corp Provides Business Update; Announces Increased Merger Consideration for Holders of Class A Common Stock That Do Not Redeem Their Shares Prior to Merger with SRIVARU Holding • GlobeNewswire Inc. • 08/09/2023 05:00:00 PM
- Mobiv Acquisition Corp Announces Extension of Deadline to Complete Business Combination • GlobeNewswire Inc. • 08/08/2023 02:00:00 PM
- Mobiv Acquisition Corp Announces Extension of Deadline to Complete Business Combination • GlobeNewswire Inc. • 06/05/2023 12:00:00 PM
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