Burkhan Capital and Robo.ai jointly announce a strategic investment. An investment consortium led by Burkhan has committed $300M in investment to empower and accelerate Robo.ai’s growth and transformation. The transaction is expected to close within the next 30 calendar days subject to meeting customary conditions precedent. The investment will be used to build out Robo.ai’s global platform, which integrates smart devices into a AI enabled ecosystem populated by blockchain. This strategic capital injection follows Robo.ai’s recent investment in decentralized physical infrastructure networks platform Arkreen. Robo.ai’s investments in smart devices and Arkreen mark its strategic Web3 positioning, leverarging blockchain to transform smart device management and promote machine economy. Robo.ai will also use the funding to strengthen its market presence in the Middle East region and potentially expand into the global markets including North America, Europe, and South Asia.
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