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The Latest SPAC News and Rumors: May 1, 2023


The Latest SPAC News and Rumors: May 1, 2023

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SRIVARU announces the launch of Prana 2.0 intelligent battery system

SRIVARU Announces Launch of Prana 2.0 Intelligent Battery System

SRIVARU, a commercial-stage provider of premium electric motorcycles, today announced the launch of SRIVARU’s Prana 2.0 intelligent battery system.

SRIVARU, one of the leading providers of premium electric motorcycles in India, the world’s largest and fastest-growing market for two-wheeled vehicles, has been in the market for over two years with its Prana line of electric motorcycles. Building on the initial success of the Prana 1.0 product series, SRIVARU is planning to launch its Prana 2.0 product series, which aims to deliver a further enhanced riding experience.

On March 13, SRIVARU announced an agreement for a business combination with Mobiv Acquisition Corp. (Nasdaq: MOBV), 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.