The transaction is expected to close within the next 30 calendar days, provided customary conditions are met, the company said.
Shares of Robo.ai (AIIO) jumped 25% on Tuesday morning after the company announced that a consortium led by Burkhan Capital has committed $300 million in investment into the company.
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The transaction is expected to close within the next 30 calendar days, provided customary conditions are met, the company said. The investment will be used for U.A.E.-based Robo.ai’s platform, which integrates smart devices into an AI-enabled ecosystem populated by blockchain, it added.
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