Pegasus Digital Mobility Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The Company has not selected any business combination target, and has not engaged in any substantive discussions, directly or indirectly, with any business combination target. The Company may pursue an initial business combination target in any industry and in any geographical location. The Company intend to focus on search for a target business operating in the transportation sector with exposure to energy transformation and digital mobility tailwinds. The Company neither engaged in any operations nor generated any revenues.