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An announcement from Roboai ( (AIIO) ) is now available.
On September 6, 2025, Robo.ai Inc. entered into a cooperation agreement with EVT Aerotechnics to establish a joint venture, ‘RoVTOL,’ in the UAE, focusing on the global sales and development of eVTOL aircraft. Robo.ai will hold a 51% equity interest and contribute facilities, regulatory support, and market development, while EVT will provide eVTOL technology and training, holding a 49% stake. The joint venture aims to build a competitive edge in the eVTOL market by leveraging both companies’ strengths, with plans for global sales, local production, and a robust product lineup, including the ET series of eVTOL aircraft. This collaboration is expected to enhance Robo.ai’s positioning in smart mobility and contribute to Dubai’s vision of becoming a ‘World Smart City.’
More about Roboai
Robo.ai Inc. is a technology company focused on developing a globally leading AI robotics network platform. It aims to pioneer an intelligent future by integrating smart devices, creating a unified AI operating system, and establishing a blockchain-enabled ecosystem. The company is dedicated to transforming into a decentralized AI platform that connects all AI endpoints and empowers users worldwide, contributing to the AIoT (Artificial Intelligence of Things) era.
Average Trading Volume: 415,305
Technical Sentiment Signal: Hold
Current Market Cap: $467.5M
Find detailed analytics on AIIO stock on TipRanks’ Stock Analysis page.