Akihabara News (Tokyo) — Aerwins Technologies has become the first Japan-origin eVTOL firm to be listed on the Nasdaq Stock Market in New York.
This listing was done via a merger with the special purpose acquisition company Pono Capital, a Hawaii-based firm.
Trading on the Nasdaq Global Market under the ticker symbol AWIN is expected to begin today.
Aerwins Chairman and CEO Shuhei Komatsu commented, “Japan was a manufacturing country for so many years. Precision is rooted and based in Japanese culture. We will continue to pursue the possibility of new mobility with the Japanese culture-centric mindset on our path to becoming a global company. I understand it is a big responsibility to talk about these ideals; I recognize that it is necessary to have the ability to deliver, so I will devote myself to this vision every day.”
Daisuke Katano, who is CEO of Aerwins’ subsidiary in Japan, A.L.I. Technologies, added, “My dream in life is to create a company that will take the world by storm with the power of technology originating in Japan. With this listing in the United States, I believe that we have finally reached the starting point of our global expansion.”
The company’s most prominent product is the XTurismo Special Edition hoverbike, which is already being sold and delivered to customers.
It’s lower profile offering is its air mobility platform C.O.S.M.O.S. (Centralized Operating System for Managing Open Sky).
After listing, the value of the company is expected to be put at about US$600 million.
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