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Robo.ai Inc. Files to Sell 36.35M Class B Ordinary Shares
Robo.ai Inc. files to sell 36.35M Class B ordinary shares for holders
Robo.ai Partners with Abu Dhabi's Eleven International to Establish Alif Holding
Robo.ai Inc. announced that it has entered into a joint venture agreement with Abu Dhabi-based Eleven International for the proposed establishment of Alif Holding, an intelligent industrial technology group. The group will be headquartered in Abu Dhabi, with Robo.ai holding a controlling stake, and will develop intelligent software and smart equipment for government, infrastructure and industrial sectors across the UAE, the GCC region and global markets. The intelligent equipment platform covers robotics and automation, advanced composite materials, and intelligent equipment and manufacturing. On the other hand, the intelligent software platform covers industrial AI, computer vision, AI agents and large language models, digital twin, and data and analytics. On the manufacturing front, the Group plans to establish engineering, assembly and production capabilities in Abu Dhabi, delivering on a "Made in UAE" proposition.
Robo.ai Acquires 100% Equity of QC Capital for $60M
Robo.ai Inc. announced that it has entered into an agreement to acquire 100% of the equity interests of QC Capital Limited. The proposed acquisition represents a strategic step in Robo.ai's development of a global artificial intelligence robotics network platform. QC Capital is positioned as an AI-driven technology holding and venture-building platform with capabilities across technology development, venture building and industrial investment. Under the agreement, the total consideration for the proposed transaction is $60M, payable in newly issued Class B ordinary shares of Robo.ai. The consideration shares will be subject to a vesting and release schedule of up to eight years. The transaction is expected to close within 30 business days following, subject to customary closing conditions and other applicable requirements.
Robo.ai Inc. Files to Sell 35M Class B Ordinary Shares
Robo.ai Inc. files to sell 35M Class B ordinary shares for holders
Robo.ai Inc Trading Resumes
Robo.ai Inc trading resumes
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