JSA acts on Mobiv Acquisition Corp and Srivaru Holdings merger

Mobiv Acquisition Corp. (Mobiv), a US based special purpose acquisition company (SPAC) with a focus on electric vehicles, has entered into a definitive merger agreement with Srivaru Holdings Limited (Srivaru), a company based out of Coimbatore, India.

J. Sagar Associates advised Mobiv on the Indian legal aspects of the deal.

The transaction team consisted of Rupinder Malik (Lead Partner), Rajul Bohra (Partner) and Shivesh Aggarwal (Senior Associate).

The core due diligence team consisted of Abin Francis (Senior Associate), Akshat Rajoria (Associate) and Anmol Khurana (Associate).

The Tax team consisted of Kumarmanglam Vijay (Partner & Head of Practice - Direct Tax).

Srivaru is one of the leading providers of premium electric motorcycles in India, the world’s largest and fastest-growing market for two-wheeled vehicles.

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