Exhibit 21.1
List of Subsidiaries of
AERWINS Technologies Inc.
| Entity Name | Place of Organization | |
| AERWINS, Inc. * | Delaware | |
| Aerwin Development CA LLC* | California | |
| A.L.I. Technologies Inc.** | Japan |
| * | 100% owned subsidiary of AERWINS Technologies Inc. |
| ** | 100% owned subsidiary of AERWINS, Inc. |
