NWTN Inc. announced on July 16, 2025, the execution of an agreement with SEET LLC, a subsidiary of Medad Holding, a leading UAE investment institution. Under this agreement, SEET will invest US$100 million to acquire newly issued NWTN shares, becoming NWTN's largest single shareholder.
This strategic equity investment marks a new phase in NWTN's transformation towards 'Smart Mobility, Smart Device, Smart Contract' solutions. SEET and its affiliated companies will also partner with NWTN in strategic initiatives spanning urban mobility, AI, smart energy, and blockchain technology.
The partnership aligns with the newly launched 'We the UAE 2031' national vision, particularly its 'Forward Economy' initiative, aiming to position the UAE at the forefront of the digital economy. This investment is expected to bolster NWTN's position as a UAE leader in clean energy, mobility, and high-end manufacturing.
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