Robo.ai’s wholly owned subsidiary Astra Mobility has entered into a commercial agreement with Dubai-headquartered W Motors to co-develop and produce a new generation of intelligent electric last mile and autonomous multi-purpose vehicles. Under the agreement, following the successful development and testing of the vehicles, W Motors plans to procure no fewer than 30,000 vehicles from Astra over the next five years. The collaboration covers end-to-end vehicle design, development, validation, and production for multiple use cases including last-mile delivery, shared mobility, smart logistics and autonomous vehicles. Astra will lead product design, development, prototyping, components manufacturing, safety certification, systems integration, and after-sales support. W Motors will handle local manufacturing and assembly in the UAE within its factory in Dubai Silicon Oasis along with full customization to align with market requirements, operational data, and customer testing feedback to ensure regulatory alignment and commercial fit for the Middle East. The parties expect a 12-month development cycle, with start of production targeted for 2026. The deployment of the first proof-of-concept vehicle is expected within three months of signing.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AIIO:
- Robo.ai Inc. Announces Extraordinary General Meeting for Strategic Resolutions
- Trump announces lumber tariffs, Exxon Mobil to cut 2,000 jobs: Morning Buzz
- Burkhan Capital-led consortium commits to investing $300M in Robo.ai
- Robo.ai Secures $300 Million Convertible Note Agreement with Burkhan Capital
- Robo.ai Reports Significant Revenue Decline Amidst Market Challenges