Dubai - Sharikat Mubasher: Robo.ai, a UAE-based technology company focusing on building a global AI robotics network platform, entered into an agreement to acquire 100% of the equity interests of QC Capital.
Under the agreement, the total consideration for the proposed transaction is $60 million, payable in newly issued Class B ordinary shares of Robo.ai, the company stated in a press release yesterday.
Through the proposed integration of QC Capital, Robo.ai expects to strengthen its capabilities in technology company sourcing, capital allocation, venture incubation, cross-border mergers and acquisitions, post-investment operations, and global commercialization.
The transaction consideration is structured to align with long-term performance targets. The consideration shares will be released in stages and linked to the achievement of multi-year revenue targets.
Robo.ai expects that, subject to the successful closing of the transaction, successful business integration, and the recognition of related revenue in accordance with applicable accounting standards, QC Capital may become an incremental platform for the Company's medium- to long-term revenue growth, industrial synergies, and global AI ecosystem commercialization.
Benjamin Zhai, Chief Executive Officer of Robo.ai, stated: “QC Capital is expected to bring capabilities in AI investment decision-making, data asset accumulation, venture building, M&A integration, and global resource networks. Following the completion of the transaction, QC Capital is expected to serve as Robo.ai's platform for strategic holdings, venture building, investment development, and data asset growth, supporting the Company's continued expansion across artificial intelligence, robotics, digital infrastructure, smart cities, intelligent mobility, low-altitude economy, and the next-generation digital economy."
Pursuant to the performance-based release mechanism stipulated in the acquisition agreement, the shares issued to QC Capital will be released over the next eight years, subject to achieving specified revenue targets. These include, but are not limited to, a cumulative revenue milestone of around $2.4 billion across 2026 and 2027.