Robo.ai Announces Joint Venture with Ewatt Aerospace to Establish Dubai eVTOL Company "RoVTOL"

Rhea-AI Summary

Robo.ai (NASDAQ: AIIO) and Ewatt Aerospace have announced the formation of RoVTOL, a joint venture in Dubai focused on electric vertical take-off and landing (eVTOL) aircraft deployment. Benjamin Zhai, Robo.ai's CEO, will serve as RoVTOL's Chairman, while Steven Wang from Ewatt Aerospace will be CEO.

The venture combines Robo.ai's Middle East market access and global development capabilities with Ewatt's exclusive eVTOL technology licensing. RoVTOL will focus on global sales of various eVTOL models including ET1, ET2, ET3, and ET9, with plans to establish an assembly facility in UAE. The product lineup ranges from single-seat light aircraft to the flagship ET9 Electric Passenger Aircraft, capable of carrying five people for urban air mobility applications.

Positive

• Exclusive licensing rights for Ewatt's eVTOL technology in overseas markets
• Plans for local UAE assembly facility to enable rapid production and delivery
• Diverse product portfolio covering multiple market segments
• Strategic entry into the growing UAE and Middle East markets
• Complementary partnership leveraging both companies' core strengths

Negative

• High capital investment required for assembly facility setup
• Complex regulatory approval process needed for multiple markets
• Potential competition from established aerospace manufacturers
• Technology implementation and adaptation risks for different regions

News Market Reaction

+1.91% 1.6x vol

18 alerts

+1.91% News Effect

+2.3% Peak Tracked

-21.1% Trough Tracked

+$11M Valuation Impact

$590M Market Cap

1.6x Rel. Volume

On the day this news was published, AIIO gained 1.91%, reflecting a mild positive market reaction. Argus tracked a peak move of +2.3% during that session. Argus tracked a trough of -21.1% from its starting point during tracking. Our momentum scanner triggered 18 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $11M to the company's valuation, bringing the market cap to $590M at that time. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

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".

Deep Synergy of Resources and Technology to Build a Global Competitive Edge in eVTOL

This joint venture represents a precise integration of both parties' core strengths:

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 to fully unlock market potential:

RoVTOL 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.

The future product lineup of the joint venture expects to include:

ET1 (including single-seat light and high-mobility variants): Features intelligent fully autonomous control (auto takeoff/landing, route navigation, return-to-home) with the ability to switch freely to manual mode. Suitable for rapid deployment in multiple scenarios such as security, event tracking, and efficient emergency response.

ET2 two-seat light model: Combines intelligent control with high payload capacity, supports automatic/manual dual-mode switching and precise ultra-low altitude operations. Efficiently executes tasks such as low-altitude tourism, agricultural/forestry/pastoral patrols, and emergency rescue.

ET3-e Pure Electric Version: Utilizes all-electric power for ultra-long endurance. Boasts an IP54 protection rating and all-weather capability. Applicable for surveying, monitoring, and public safety sectors, supporting vertical takeoff/landing and automated flight patrols.

ET3-h Hydrogen-Lithium Hybrid Version: Integrates clean and efficient energy sources, offers strong adaptability for high-frequency takeoffs/landings, and features ultra-long endurance. A full composite material design ensures low maintenance costs. Adaptable for multi-scenario applications like power line inspection and border monitoring.

ET9 Electric Passenger Aircraft: As the flagship model, it leverages an all-electric powertrain and technologically advanced safety design to provide point-to-point mobility solutions. Designed for high-frequency use and high airspeed, it supports a payload of five people (four seats). Suitable for urban air mobility (UAM), emergency rescue, and specialty tourism. Combined with an intelligent, user-friendly passenger cabin interface, it delivers a comfortable and convenient 3D mobility experience.

Derivative models based on the ET9 platform (e.g., ET9C cargo version) feature unmanned operation, large payload capacity, and long endurance, suitable for material delivery and 3D logistics networks.

Benjamin Zhai, CEO of Robo.ai and Chairman of RoVTOL, stated: "The establishment of RoVTOL is a significant milestone in Robo.ai's transformation and upgrading. Leveraging the technical strength of the ET series and the global sales network, we are confident in establishing RoVTOL as a key player in the global eVTOL market. Simultaneously, we will promote the synergistic implementation of 'Smart Mobility, Smart Devices, and Smart Contracts,' contributing to Dubai's vision of becoming a 'World Smart City'."

Ren Wenguang, Chairman of Ewatt Aerospace, noted: "Ewatt's accumulated expertise in the eVTOL field is highly complementary to Robo.ai's global resources. Together, we will accelerate the transformation of technological achievements into market competitiveness. We look forward to partnering with Robo.ai to bring eVTOL technology to the world through RoVTOL and jointly build a new ecosystem for smart low-altitude mobility."

About Ewatt (Nanjing) Aerospace Technology Co., Ltd.

Ewatt Aerospace focuses on the R&D and manufacturing of manned eVTOL (electric vertical take-off and landing) aircraft, dedicated to future air mobility solutions. As a leading eVTOL R&D and manufacturing enterprise in China, it holds multiple independent intellectual property rights in core eVTOL technology areas and possesses mature product development and industrialization capabilities.

About Robo.ai Inc.

Robo.ai Inc. (Nasdaq: AIIO) is a technology company dedicated to building a globally leading AI robotics network platform. Our mission is to pioneer an intelligent future by integrating smart devices, constructing a unified AI operating system, and a blockchain-enabled ecosystem. We aim to transform the company into a decentralized AI platform that connects all AI endpoints, empowers users worldwide, and ushers in a new era of the AIoT (Artificial Intelligence of Things).

*This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Actual results may differ materially from expectations. For details, please refer to the documents filed by the Company with the U.S. Securities and Exchange Commission.*

Media Contact:

Robo.ai Inc. Corporate Communications
Email: pr@roboai.io
Website: www.roboai.io

 

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SOURCE Robo.ai Inc.

FAQ

What is the new joint venture between Robo.ai (NASDAQ:AIIO) and Ewatt Aerospace?

The joint venture is called RoVTOL, based in Dubai, UAE, focused on the global deployment of electric vertical take-off and landing (eVTOL) aircraft. It combines Robo.ai's market access with Ewatt's technology.

What are the main eVTOL models that RoVTOL will offer?

RoVTOL will offer multiple models including the ET1 (single-seat), ET2 (two-seat), ET3 (electric and hybrid versions), and ET9 (five-person passenger aircraft).

Who will lead the RoVTOL joint venture?

Benjamin Zhai, CEO of Robo.ai, will serve as Chairman of RoVTOL, while Steven Wang, Chief Product Officer of Ewatt Aerospace, will serve as CEO.

What is the ET9 Electric Passenger Aircraft's capacity?

The ET9 is designed to carry five people (four passengers) and is intended for urban air mobility (UAM), emergency rescue, and specialty tourism applications.

How will RoVTOL manufacture its eVTOL aircraft?

RoVTOL plans to establish an advanced eVTOL assembly facility in the UAE to achieve localized production and rapid delivery capabilities.

What markets will RoVTOL initially target?

RoVTOL will focus on the Middle East and European markets, with plans for global expansion through its exclusive 'RoVTOL' brand network.