Japanese startup Aerwins Technologies, which is selling a Star Wars-inspired $555,000 hoverbike, has received approval to list on the NASDAQ in a merger with blank-check firm Pono Capital Corp, the manufacturer said on Friday.
The deal comes at a time when other mobility startups have faced difficulty raising funding, with valuations under pressure and a sharp reversal of what had been a market boom for listings through special-purpose acquisition companies . The 300-kilogram machine rests on landing skids when stationary and is powered by an engine from Kawasaki Heavy and a battery system.
Aerwins, which shifted its headquarters to Delaware from Tokyo ahead of the listing, has reported one sale of the hoverbike, to Japanese entrepreneur, Yoshiyuki Aikawa.
Source: News Formal (newsformal.com)
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