- Robo.ai Inc. and EVT Aerotechnics (Nanjing) Co., Ltd. (Ewatt Aerospace) announced the establishment of **RoVTOL**, a joint venture focused on the global deployment of electric vertical take-off and landing (eVTOL) aircraft, on **September 10, 2025**.  **[1932737_0001213900-25-086828_ea025692501ex99-1_roboai.htm:0]** **[1932737_0001213900-25-086828_ea0256925-6k_roboai.htm:1]** 
- The cooperation agreement for the joint venture was signed on **September 6, 2025**.  **[1932737_0001213900-25-086828_ea025692501ex10-1_roboai.htm:0]** **[1932737_0001213900-25-086828_ea0256925-6k_roboai.htm:1]** 
- Robo.ai Inc. will hold a **51%** equity interest in RoVTOL, contributing assembly facilities, government relations, market access, global market development, and R&D funding.  **[1932737_0001213900-25-086828_ea025692501ex10-1_roboai.htm:0]** **[1932737_0001213900-25-086828_ea0256925-6k_roboai.htm:1]** **[1932737_0001213900-25-086828_ea025692501ex99-1_roboai.htm:1]** 
- EVT Aerotechnics will hold a **49%** equity interest, contributing an exclusive **five-year license** for eVTOL technology and products outside mainland China, along with technical support and personnel training.  **[1932737_0001213900-25-086828_ea025692501ex10-1_roboai.htm:0]** **[1932737_0001213900-25-086828_ea0256925-6k_roboai.htm:1]** **[1932737_0001213900-25-086828_ea025692501ex99-1_roboai.htm:1]** 
- **Benjamin Zhai**, CEO of Robo.ai, will serve as Chairman of RoVTOL, and **Steven Wang** of Ewatt Aerospace will be its President.  **[1932737_0001213900-25-086828_ea025692501ex99-1_roboai.htm:0]**

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