US parent company of Japanese manned hoverbike startup to list on NASDAQ via SPAC

The XTURISMO hoverbike is on a test flight at the Fuji Speedway race course.
Image credit: A.L.I. Technologies

Correction: AERWINS Technologies is not a subsidiary of but the parent company of A.L.I. Technologies. Some changes have been made to the title and the sentences.

Tokyo-based startup A.L.I. Technologies announced today that its Delaware-registered subsidiary parent company AERWINS Technologies has agreed an acquisition deal with PONO Capital (NASDAQ: PONO) via a De-SPAC transaction. Based on the deal, the US subsidiary parent company will be listed on NASDAQ. (Form 8-K, Form 425)

The company A.L.I. began developing the XTURISMO (formerly known as Speeder) Limited Edition luxury hoverbike in 2017 and then has been accepting orders of it from the world since June of 2022.

In addition to offering various drone-based solutions, the company has been developing the C.O.S.M.O.S. operational management system to ensure the safety of airways when many unmanned aircraft such as air mobility and drones are flying.

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via PR Times