PowerUp Acquisition Corp. on August 18, 2023 (Effective Date), in connection with the Purchase Agreement appointed Surendra Ajjarapu as CEO. Suren Ajjarapu (age: 53) has served as Chairman of the Board, Chief Executive Officer and Secretary of TrXADE HEALTH, INC, and its predecessor company since July 2010.
He is also currently a director of Oceantech Acquisition I Corp, serves as Chairman of the board of directors of Kernel Group Holdings Inc. (since December 2022) and Semper Paratus Acquisition Corporation. Beginning in 2021, Mr. Ajjarapu served as Chief Executive Officer and Chairman of Aesther Healthcare Acquisition Corp. Mr. Ajjarapu is currently serving as a director of the merged company, Ocean Biomedical Inc. Since March 2018, Mr. Ajjarapu has served as Executive Chairman of the Board of Kano Energy Corp.
Mr. Ajjarapu was a Founder and served as Chief Executive Officer and Chairman of the Board of Sansur Renewable Energy Inc. from March 2009 to December 2012. Mr. Ajjarapu was also a Founder, President and Director of Aemetis Inc. and a Founder, Chairman and Chief Executive Officer of International Biofuels, a subsidiary of Aemetis Inc., from January 2006 to March 2009. Mr. Ajjarapu was Co-Founder, Chief Operations Officer, and Director of Global Information Technology Inc., an IT outsourcing and systems design company, headquartered in Tampa, Florida with major operations in India.
Mr. Ajjarapu graduated from South Dakota State University with a M.S. in Environmental Engineering, and from the University of South Florida with an M.B.A., specializing in International Finance and Management. Mr. Ajjarapu is also a graduate of the Venture Capital and Private Equity program at Harvard University.