DUBAI, UAE, Nov. 6, 2026 /PRNewswire/ -- Robo.ai Inc. (Nasdaq: AIIO) ("Robo.ai" or the "Company") today released a letter from Chief Executive Officer Benjamin Zhai to shareholders, discussing the Company’s progress since restarting operations, its approach to capital allocation and its priorities for the next phase.
Dear Shareholders,
Robo.ai’s shares will begin trading on a split-adjusted basis on Nasdaq on November 6. I would like to take this opportunity to share what we have accomplished over the past few months, our priorities for the next phase and why I remain confident in the Company’s future.
At midyear, our immediate priority was clear: to get the business operating again. Over the past few months, that work has begun to yield results. Unaudited revenue for June through September totaled US$280 million, and we estimate full-year 2026 revenue of approximately US$600 million.
This progress gives us a foundation to continue developing our businesses and gradually advance our plans for the future. Public safety, transportation, energy and municipal services generate large volumes of visual data on an ongoing basis, creating a practical need for more efficient data processing. Neurovia AI is working to make visual data more efficient to transmit, store and use. We are developing its technologies and solutions around these practical needs.
ALIF Holding is steadily developing local manufacturing and systems integration capabilities in the UAE. Ground was broken on Phase I of its Umm Al Quwain industrial park on September 25. The proposed ALIF Maritec oil spill response system concept and ALIF Composites project have further defined the park’s product focus. The Abu Dhabi government’s 2025–2027 digital strategy and the support for local manufacturing through Make it in the Emirates also point to opportunities for these businesses in the UAE. A supportive environment is only a starting point, however. We still have to earn customers’ business through our products and services.
In the next phase, our priority is to put the businesses on a firmer footing. For our existing operations, that means focusing on delivery costs, cash collection and operating efficiency to improve the quality of the business. Neurovia AI will focus on product development and commercialization, while ALIF’s priorities are production readiness and customer development. We will allocate capital carefully as the businesses develop, directing funds where they are most needed and keeping spending aligned with our operating plans.
We also recognize that many shareholders are concerned about how we finance the Company and the potential for dilution. Based on our current operating position and funding arrangements, we do not intend to enter into new equity-linked, variable-price financing arrangements, in which the issuance or conversion price is tied to the future market price of our shares, for a period following the date of this letter. We will continue to honor our obligations and retain our rights under previously disclosed agreements. Our aim is to support the business through prudent capital management and create long-term value for shareholders.
The reverse stock split is an adjustment to our capital structure. It does not change the fundamentals of our business. Long-term value must still be created through the development of the business. Our task is clear: serve our customers well, improve our products and strengthen each of our businesses. I remain confident in Robo.ai’s future. That confidence comes from our team’s work over the past few months and the progress we have already made. There is much more to do, and we will move forward steadily, with patience and a disciplined approach to running the business. Thank you for your continued trust and support.
Benjamin Zhai
Chief Executive Officer
Robo.ai Inc.
About Robo.ai Inc.
Robo.ai Inc. (Nasdaq: AIIO), headquartered in Dubai, United Arab Emirates, is a Nasdaq-listed technology group building intelligent infrastructure across four platforms: artificial intelligence; robotics and smart mobility; advanced manufacturing; and digital assets and capital. Its industrial group, Alif Holding, is dedicated to building intelligent industries through the development, integration and manufacturing of AI systems, serving government, public sector and mission-critical domains. Through its subsidiary Neurovia AI, the Company develops AI software and visual data infrastructure. Quantum Core Capital ("QC Capital"), its AI-powered deep-tech holding and venture-building platform, incubates, invests in and operates businesses across artificial intelligence, robotics, digital infrastructure and the next-generation digital economy.
Forward-Looking Statements
This press release and the accompanying shareholder letter contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding the reverse stock split and continued listing compliance; financing policies; the Company’s full-year 2026 revenue outlook; acquisition integration; AI technology and applications; the development of ALIF Holding’s industrial park and related projects; product development; local manufacturing and delivery capabilities; and anticipated strategic benefits. Words such as "expects," "plans," "believes," "intends," "will" and similar expressions may identify these statements. These statements are based on management’s current expectations, estimates and assumptions. The revenue outlook is preliminary and subject to change. These statements are not guarantees of future results. Actual results could differ materially due to risks and uncertainties, including the Company’s ability to satisfy Nasdaq’s continued listing requirements; market and financing conditions; obligations and potential dilution under existing financing agreements; convertible note pricing adjustments and other contractual terms; business integration and execution; the limited operating history of the Company’s current businesses; customer demand and competition; technology development and commercialization; the Company’s financial condition and ability to generate profits and positive cash flow; cash usage, working capital and capital expenditure requirements, debt servicing obligations, the liquidity and availability of cash and investments, and the timing and availability of financing; and the availability of site rights, funding, refurbishment, company formation, licenses and approvals, equipment, personnel and operational readiness required for its projects, as well as changes in relevant policies. Revenue alone does not establish profitability or positive operating cash flow. Further information regarding these and other risks is included in Robo.ai’s filings with the U.S. Securities and Exchange Commission. The forward-looking statements in this release speak only as of its date. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
For investor inquiries
Robo.ai Inc. Investor Relations
E-mail: ir@roboai.group
For media inquiries
Robo.ai Inc. Corporate Communications
E-mail: pr@roboai.group
Website: www.roboai.group
SOURCE Robo.ai Inc.