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Robo.ai Inc. Reaches a $180 Million Financing Agreement with ATW Partners
Prnewswire· 2025-12-12 13:03
Core Insights - Robo.ai Inc. has secured a total financing arrangement of $180 million, consisting of $80 million in convertible notes and a $100 million equity purchase facility commitment [1][2] - The financing will primarily support the company's strategic transformation, potential mergers and acquisitions, and general corporate operations [2] - The company is focused on enhancing its balance sheet and operational flexibility across three core pillars: AI Software, Smart Device, and Smart Assets [2] Company Initiatives - Robo.ai is executing a global expansion of its technology portfolio, including initiatives in smart logistics, commercial vehicles, and the low-altitude economy sector through its eVTOL company [3] - The company is also constructing the "Robo.ai Industrial Park" in the UAE and building digital infrastructure for the upcoming machine economy [3] Financing Structure - The financing agreement allows for subsequent closings at the company's discretion, depending on capital market conditions and investment targets [4] - This structure is designed to provide Robo.ai with financial autonomy for long-term development while ensuring efficient capital allocation [4] Company Overview - Robo.ai Inc. is a technology company based in the UAE, focused on developing a global AI-enabled robotics platform [5] - The company's mission includes creating a decentralized AI network to connect AI terminals and promote an intelligent future, with an emphasis on integrating AI into smart devices and smart assets [5]
UAE Investment Institution Acquires Strategic Stake in NWTN to Advance "We the UAE 2031" Vision
Prnewswire· 2025-07-16 14:05
Core Viewpoint - NWTN Inc. has entered into a strategic partnership with SEET LLC, a subsidiary of Medad Holding, involving a US$100 million investment to enhance its position in smart mobility, AI, smart energy, and blockchain technology [2][3]. Group 1: Strategic Investment and Business Integration - SEET LLC will invest US$100 million to acquire newly issued shares of NWTN, making it the largest single shareholder [2][3]. - The partnership aims to strengthen NWTN's leadership in clean energy, mobility, and high-end manufacturing within the UAE [3]. Group 2: Alignment with National Vision - The collaboration supports the "We the UAE 2031" national vision, particularly the "Forward Economy" initiative, which focuses on new strategic areas and enhancing the UAE's role in the digital economy [3][4]. - NWTN's CEO emphasized the alignment of this partnership with Dubai's D33 economic agenda and the company's aspirations in the new energy sector and future industries [4]. Group 3: Company Background - NWTN is a UAE-based global intelligent technology company focusing on smart mobility, smart manufacturing, and smart contracts, expanding its ecosystem across MENA and Southern Europe [6]. - SEET LLC, established in 2018, aims to drive national innovation and market vitality through technology-driven investments [5].