Robo.ai Acquires 100% Equity of QC Capital for $60M
Robo.ai Inc. announced that it has entered into an agreement to acquire 100% of the equity interests of QC Capital Limited. The proposed acquisition represents a strategic step in Robo.ai's development of a global artificial intelligence robotics network platform. QC Capital is positioned as an AI-driven technology holding and venture-building platform with capabilities across technology development, venture building and industrial investment. Under the agreement, the total consideration for the proposed transaction is $60M, payable in newly issued Class B ordinary shares of Robo.ai. The consideration shares will be subject to a vesting and release schedule of up to eight years. The transaction is expected to close within 30 business days following, subject to customary closing conditions and other applicable requirements.
