Robo.ai and Ewatt Aerospace establish RoVTOL joint venture

Robo.ai (AIIO) and Ewatt Aerospace Technology officially announced the establishment of “RoVTOL”, a joint venture in the UAE, focused on the global deployment of electric vertical take-off and landing, or eVTOL, aircraft. The companies simultaneously announced key management appointments: Benjamin Zhai, CEO of Robo.ai, will serve as Chairman of RoVTOL, and Steven Wang, Chief Product Officer of Ewatt Aerospace, will assume the role of CEO of RoVTOL. This collaboration marks another substantial step forward for Robo.ai in the fields of “Smart Mobility, Smart Devices, and Smart Contracts”. Robo.ai will contribute local capabilities, support for regulatory approval and market access in the Middle East, and global market development, laying the foundation for RoVTOL’s global operations. Ewatt Aerospace grants Robo.ai exclusive licensing rights for its eVTOL technology and products overseas, while providing concurrent technical support and personnel training to ensure the technological leadership of the joint venture’s core products. Following its establishment, RoVTOL will focus on three core business areas: global sales of eVTOL aircraft, to establish an advanced eVTOL assembly facility in the UAE to achieve localized production and rapid delivery, and build a global sales network under the exclusive “RoVTOL” brand and conduct localized market adaptation development based on existing products to optimize performance for regions like the Middle East and Europe.