A major step into smart technologies
Robo.ai Inc., a technology company with a market capitalization of $427 million and shares up 108% so far this year, announced Monday that it has finalized a joint venture agreement with JW Group and Ferox Investments L.L.C.** to establish Robo.ai Industrial City in Dubai Industrial City.
Strategic hub for smart manufacturing
The new industrial hub will serve as Robo.ai’s manufacturing base, focusing on smart mobility, smart city solutions, and intelligent assets, according to the company’s press release. Its location will provide access to major trade routes, including Jebel Ali Port, Al Maktoum International Airport, Etihad Rail’s cargo terminal, and key highways.
Shared expertise and resources
Under the joint venture agreement, Robo.ai will contribute its technological expertise and intellectual property, JW Group will provide land and industrial facilities, and Ferox Investments will support with business scenarios and market expansion strategies.
Expanding into eVTOL and beyond
The industrial city’s authorized business scope includes the production of advanced smart vehicles, electric vertical takeoff and landing (eVTOL) aircraft, smart logistics hardware, and other intelligent devices. This development follows Robo.ai’s earlier announcement of RoVTOL, a joint venture dedicated to the eVTOL sector. The new site will provide the manufacturing capacity for that project and future initiatives.
Aligned with UAE’s national vision
The company emphasized that the project supports the UAE’s “We the UAE 2031” vision, which aims to position the country as a global hub for innovation and future technologies.
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