Robo.ai (AIIO) investor relations material

Company overview and business model

• Operates as a Cayman Islands holding company headquartered in Dubai, UAE, focusing on AI-powered smart mobility, intelligent hardware, and asset-light manufacturing through strategic partnerships.

• Transitioned from electric vehicle (EV) manufacturing to a decentralized AI asset platform integrating smart vehicles, robotics, and blockchain.

• Key products include MUSE (SPV), GHIATH (public service vehicle), and Astra (autonomous logistics vehicle), with expansion into eVTOL and smart logistics.

• Employs an asset-light model, leveraging external partners for manufacturing and R&D, and targets the Middle East, Africa, and Asia-Pacific markets.

• Strategic partnerships include W Motors (30,000 vehicle procurement over five years), JW Global, EVT Aerotechnics, and DaBoss.AI for joint ventures in mobility, eVTOL, and data centers.

Financial performance and metrics

• Net revenue declined 92.1% from $12.0M in 2024 to $1.0M in 2025 due to business transformation and Rabdan line discontinuation.

• Net losses: $266.7M (2023), $172.7M (2024), $167.6M (2025); accumulated deficit of $904.4M as of Dec 31, 2025.

• Negative operating cash flows: $(138.0)M (2023), $33.6M inflow (2024), $(5.1)M (2025); working capital deficit of $116.6M at end of 2025.

• Significant share-based compensation ($117.0M in 2025), high general/admin expenses, and recurring impairment and litigation costs.

• Going concern risk highlighted by auditors due to recurring losses, negative cash flows, and unresolved litigation.

Use of proceeds and capital allocation

• No proceeds from resale of shares by the selling shareholder; proceeds from convertible notes used for general corporate purposes and working capital, with restrictions on debt repayment and equity repurchase.

• Up to $80M convertible note facility and $100M equity purchase facility available, subject to conditions.

• Capital allocation focused on R&D, production ramp-up, and strategic investments/acquisitions (e.g., Aitos.io, Neurovia AI, Chinasky Car Trading FZE).