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Robo.ai Announces Joint Venture with Ewatt Aerospace to Establish Dubai eVTOL Company "RoVTOL"
DUBAI, UAE, Sept. 10, 2025 /PRNewswire/ -- Robo.ai Inc. (NASDAQ: AIIO), a Nasdaq-listed company, and Ewatt (Nanjing) Aerospace Technology Co., Ltd. ("Ewatt
About this update from Robo.ai Inc.
[{"type":"text","content":"DUBAI, UAE, Sept. 10, 2025 /PRNewswire/ -- Robo.ai Inc. (NASDAQ: AIIO), a Nasdaq-listed company, and Ewatt (Nanjing) Aerospace Technology Co., Ltd. (\"Ewatt Aerospace\") today officially announced the establishment of \"RoVTOL\", a joint venture in the UAE, focused on the global deployment of electric vertical take-off and landing (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\".\n\n \n \n\n \nDeep Synergy of Resources and Technology to Build a Global Competitive Edge in eVTOL\nThis joint venture represents a precise integration of both parties' core strengths:\nRobo.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.\nEwatt 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.\nFollowing its establishment, RoVTOL will focus on three core business areas to fully unlock market potential:\nRoVTOL will engage in global sales of eVTOL aircraft, initially focusing on advanced models such as the ET1, ET2, ET3, and ET9, catering to diverse scenario requirements. Plans are also underway to establish an advanced eVTOL assembly facility in the UAE to achieve localized production and rapid delivery. The joint venture will 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. This \"Technology + Resources + Localization\" model will enable RoVTOL to quickly establish competitive barriers in the global eVTOL market.\nThe future product lineup of the joint venture expects to include:\nET1 (including single-seat light and high-mobility variants): Features intelligent fully autonomous control (auto takeoff/landing, route navi...