Robo.ai Inc. (AIIO) closed a $180 million financing package with ATW Partners on December 12, 2025. The deal consists of $80 million in convertible notes and a $100 million equity purchase facility commitment, with the first tranche of the notes completed on December 11, 2025.
The proceeds will be deployed across three strategic priorities: accelerating the company’s eVTOL joint venture, building an industrial park in the United Arab Emirates, and expanding its machine‑economy digital infrastructure. These initiatives are intended to strengthen Robo.ai’s balance sheet, support a broader transformation into a smart‑technology platform, and create new revenue streams in high‑growth mobility and AI‑enabled asset management markets.
Robo.ai’s financial position remains challenging. The company reported a net loss of $173 million and negative equity, while its current ratio sits at a low 0.3, indicating that short‑term obligations exceed liquid assets. The financing provides much-needed liquidity, but the company will still need to generate positive cash flow to move toward a balanced balance sheet.
Market data shows that Robo.ai’s stock has declined 71 % over the past six months and 46 % over the past year, a trend that reflects investor concerns about the company’s ongoing losses and liquidity profile. The recent financing announcement has not yet altered that trajectory, as the market reaction continues to be dominated by the broader financial health narrative rather than the capital raise itself.
CEO Benjamin Zhai said, “The establishment of RoVTOL is a significant milestone in Robo.ai’s transformation and upgrading. Leveraging the technical strength of the ET series and the global sales network, we are confident in establishing RoVTOL as a key player in the global eVTOL market.” ATW Partners, a private‑equity firm focused on early‑stage technology companies, cited Robo.ai’s long‑term growth potential and the strategic fit of its AI, smart‑device, and smart‑asset capabilities as the basis for its investment.
The financing gives Robo.ai a critical liquidity cushion to pursue its ambitious projects, but the company’s negative equity and low current ratio mean that it must still demonstrate operational improvements and revenue growth to restore financial stability. The capital raise is a positive step, yet it does not eliminate the need for disciplined cost management and successful execution of the eVTOL and industrial park initiatives.
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