Robo.ai CEO addresses shareholders on revenue and strategy

DUBAI - Robo.ai Inc., a Dubai-based technology group traded on Nasdaq, released a shareholder letter from its CEO Benjamin Zhai on Friday, discussing recent financial performance and future plans. The company reported revenue surpassing $280 million for the June to September quarter, with a goal of achieving approximately $600 million in annual revenue for 2026.

Zhai outlined three primary focus areas for the upcoming phase of operations. Robo.ai aims to maintain control over delivery costs, cash collection, and operating efficiency in existing operations. The company's AI data processing subsidiary, Neurovia AI, will concentrate on advancing product development and commercialization. Additionally, ALIF Holding, its industrial group, will prioritize production readiness and customer development.

Neurovia AI will exhibit its solutions at GITEX Global, a major technology event in Dubai from December 7th to 11th. This subsidiary specializes in processing visual data for various sectors, including public safety, transportation, energy, and municipal services. ALIF Holding recently commenced construction of its Umm Al Quwain industrial park on September 25th.

The park's focus includes the proposed ALIF Maritec oil spill response system and the ALIF Composites project. In terms of financing, Zhai announced that Robo.ai has no plans to initiate new equity-linked, variable-price financing arrangements where issuance or conversion price is contingent on future market prices for a period following the letter's release date.

The company will adhere to its obligations under previously announced agreements. Zhai emphasized in the letter that long-term value is created through operations. Robo.ai operates across four key platforms: artificial intelligence, robotics and smart mobility, advanced manufacturing, and capital.