Electric motorbike maker Zapp Electric Vehicles to go public via SPAC

UK-based electric two-wheeler manufacturer Zapp Electric Vehicles is merging with a blank-check company to become publicly traded on the Nasdaq at a post-money valuation of $573 million.
Zapp says it will use the proceeds from the merger to bring its long-awaited i300 high performance, seated city scooter to market. The i300 was initially revealed back in 2018, with promises of deliveries beginning in the end of 2019. Then Zapp, like many other companies, ran up against a global pandemic that halted production and deliveries, giving the company time to reevaluate is approach to production.
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