Autozi Internet sets $500M revenue goal with European partner Velocar

Autozi Internet (AZI) has further deepened its cooperation with Velocar, advancing an M&A-oriented collaboration focused on European cross-border automotive supply chain operations. As part of this strengthened cooperation, the parties have set a shared objective to achieve approximately $500M in revenue within the next three years. The parties formally established a business partnership around three months ago and commenced cooperation in areas including cross-border vehicle supply, channel coordination, and localized services. The parties recently aligned on the overall approach to the proposed M&A cooperation and entered into a memorandum of understanding as a transitional arrangement to facilitate the next phase of collaboration. The proposed cooperation aims to combine Velocar Ltd.’s strengths in vehicle circulation, distribution networks, and end-market services in Europe with Autozi’s capabilities in digital supply chain platforms, industry resource integration, and capital operations.