Robo.ai Books $280M in Four Months, Rules Out Variable-Price Deals
Dubai – November 06, 2026 -- Robo.ai Inc. (Nasdaq: AIIO) generated more than US$280 million in revenue from June through September and is targeting about US$600 million for full-year 2026, CEO Benjamin Zhai told shareholders in an open letter. The company also said it does not intend to enter new equity-linked, variable-price financing arrangements for a period following the letter's date.
Robo.ai pledges to tie every dollar of capital to operating plans
The financing pledge covers arrangements in which the issuance or conversion price is tied to the future market price of Robo.ai's shares. Zhai said the decision rests on the company's current operating position and funding arrangements. Robo.ai will keep honoring obligations and retain its rights under previously disclosed agreements.