Electric Air Mobility Division of AIRO Group Holdings, Inc. and Kernel Group Holdings (NASDAQ

KRNLU) Announce Memorandum of Understanding with BLADE India - Seite 2

“Jaunt’s MOU with BLADE India demonstrates AIRO’s commitment to bringing innovative air mobility solutions to the people of India,” stated Dr. Chirinjeev Kathuria, Chairman and co-founder of AIRO.

Suren Ajjarapu, Chairman and CEO of Kernel Group Holdings, Inc., states, “The news of the MOU between BLADE India and AIRO’s Electric Air Mobility division provides a roadmap for integrating eVTOLs into the global transportation market.”

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About BLADE India

BLADE India began in 2019 and offers cost-effective air transportation alternatives to some of the most congested ground routes in India with flights from Mumbai, Shirdi, Pune, and Bangalore. Hunch ventures is a privately held investment firm based out of New Delhi, India and has invested in a range of sectors including education, healthcare, immersive media, hospitality, food & beverage, logistics and others that may hold distinctive synergies with each other. For more information, visit https://flyblade.in/p/about.

Background

Kernel Group Holdings, Inc. (NASDAQ: KRNLU) (“Kernel”), a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, or similar business combination with one or more businesses, has entered into a definitive business combination agreement (the “Merger Agreement”) with AIRO Group Holdings, Inc. (“AIRO”), a multi-faceted air mobility, autonomy & aerospace platform with differentiated technologies and capabilities that dynamically address high growth market trends across the entire aviation & aerospace ecosystem. The Merger Agreement provides AIRO with a path to becoming a publicly listed company through a new Delaware holding company, AIRO Group, Inc. (“PubCo”) that will acquire both Kernel and AIRO (the “Transaction”).

About Kernel (KRNLU)

Kernel is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with a business in the Commerce Enablement, Logistics Technologies, Marketplaces and Services space. The team is composed of seasoned executives with a unique combination of experiences in wholesale and retail, logistics, distribution, technology development and transformation. To learn more, visit: www.kernelspac.com