AERWINS Technologies Inc. announced that it has appointed Kiran Sidhu as the Chairman of the Board of Directors, effective immediately. Kiran Sidhu is the Managing Member of Catalyst Capital LLC, which was founded in 1999 and invests in early-stage companies, including technology, biotechnology, and cannabis. He served as the CEO and Director of Halo Collective and prior to that was a non-executive director and audit committee chairman of Namaste Technologies Inc. Additionally, Mr. Sidhu was the Chairman and CEO of Transact Network Ltd., which was later sold to The Bancorp Inc. in 2011.

Before founding Transact Network, he held the position of Managing Director at Aspen Communications, an Indian outsourcing company that offers various services, including e-commerce fraud detection, accounting, and comprehensive system support. Mr. Sidhu currently serves as a non-executive director of Aspen Communications. Earlier in his career, Mr. Sidhu served as the CFO of On Stage Entertainment and oversaw its initial public offering.

He also co-founded Nano Universe PLC and served as the Finance Director, overseeing the company's listing on the LSE-AIM. In addition, Mr. Sidhu worked as a Manager in Price Waterhouse's strategic consulting group in Los Angeles and as a Senior Associate in mergers and acquisitions at Merrill Lynch Capital Markets in New York. He graduated with honors in Computer Science from Brown University in 1985, and earned an MBA in Finance from the Wharton School of Business in 1987.

Following the appointment of Mr. Sidhu, Directors Mike Sayama and Marehiko Yamada resigned from AERWINS effective May 18, 2023 and May 15, 2023, respectively.