Reaffirm the annual revenue forecast for 2026 to be approximately $600 million.
Appoint Ralf R and Debbas as presidents; advance industrial and artificial intelligence initiatives.
Dubai, United Arab Emirates, November 9th / PRNewswire / -- Robo.ai Inc. (Nasdaq ticker: AIIO) ("Robo.ai" or "the Company") announced today that its preliminary unaudited total revenue for October 2026 exceeded 100 million US dollars, driven mainly by its subsidiary Quantum Core Capital Limited ("QC Capital"). The Company reiterated its forecast for total annual revenue of approximately 600 million US dollars for 2026.
Since the update in September, the company has appointed W Motors founder Ralf R Debbas as President. Its industrial subsidiary ALIF Holding has announced plans to establish a composite materials manufacturing business ALIF Composites and proposed a comprehensive oil spill emergency response system concept. The company's subsidiary Neurovia AI has launched the NeuroStream ™ platform and completed on-site technical demonstrations, which were subsequently showcased at the Third Government Artificial Intelligence Summit held in Abu Dhabi.
The revenue contribution of QC Capital supports the annual outlook.
Unaudited total revenue exceeded $100 million in October, marking the second consecutive month that revenue has surpassed this level. As previously disclosed, QC Capital manages and delivers operations for corporate clients through its operational services, and charges fees after each delivery order is completed and accepted. Since being acquired by the company on June 15, 2026, QC Capital has maintained stable operations and service delivery, continuously contributing to revenue.
The company believes that this performance reflects a smooth integration and has laid a foundation for further development. Revenue alone does not indicate the company's profitability or operating cash flow. The outlook for the whole year reflects the current estimates of the management and may change.
The president will lead the industrial strategy and partnerships.
On November 2, 2026, the company appointed Ralf R and Debbas as presidents, with the appointment taking effect immediately. In this role, Mr. Debbas will drive the industrial strategy and international cooperation of Robo.ai, and coordinate its portfolio companies, with a focus on developing artificial intelligence and advanced manufacturing businesses.
Debbas founded W Motors in 2012 and subsequently led the company to grow into an integrated automotive firm that encompasses design, research and development, engineering, and manufacturing. He also oversaw the development of a comprehensive automotive manufacturing facility in Dubai and spearheaded the GHIATH intelligent patrol car project in collaboration with the Dubai Police, enabling local production and delivery of these vehicles. Mr. Debbas plans to share more directly with shareholders and investors about the company's business progress and milestones through video updates.
ALIF Holding Plans to Carry Out Composite Material Manufacturing and Oil Spill Emergency Response Services
On October 12, 2026, the company announced that its majority-owned subsidiary ALIF Holding plans to establish ALIF Composites in the United Arab Emirates and will hold a majority stake in the new company. The company aims to start production in the fourth quarter of 2026, with a target manufacturing capacity of 10 million square meters of composite material raw materials for the year 2027. ALIF Composites plans to operate in the ALIF Holding Group industrial park in Um Ghaif, with the first phase of the park breaking ground on September 25, 2026. The planned product portfolio includes carbon fiber composites, prepregs, custom parts, as well as engineering services for maritime, transportation, energy, and industrial customers. This production capacity target represents the planned annual manufacturing capacity and does not constitute a commitment to production, sales, or revenue for 2027.
On October 8, 2026, ALIF Holding presented a comprehensive oil spill emergency response system concept for its proposed ALIF Maritec joint venture project, which is expected to become the first project to settle in the first phase of the industrial park. The system is aimed at ports, oil and gas terminals, offshore facilities, shipyards, and coastal industrial sites, and is designed to connect oil spill monitoring, containment, recovery, and post-event assessment, with additional support for engineering, training, and maintenance services. ALIF Holding plans to evaluate pilot opportunities for this system in the United Arab Emirates. Both projects are still subject to site and partner arrangements, technical verification, financing, licensing, and other approvals.
Neurovia AI showcased NeuroStream™ at the Government AI Summit.
On November 3, 2026, the company's subsidiary Neurovia AI participated as an official government AI partner at the third Abu Dhabi Government Artificial Intelligence Summit, where it showcased NeuroStream ™. This is an intelligent visual data optimization platform designed to reduce the volume of visual data transmitted, processed, and stored in AI applications. Neurovia AI is adopting a path driven by specific use cases, with a focus on technical validation and integration with governments, smart infrastructure, and corporate environments.
Strategic Transformation Towards Delivery
"QC Capital continues to provide stable income and has laid a solid foundation for our expansion into the industrial and AI businesses," said Benjamin Zhai, the CEO of Robo.ai. "Our focus now is to turn plans into reality. Ralf has advanced the production of industrial products in the UAE from design to local manufacturing, which is precisely the experience we need as we move from concept and validation to delivery in ALIF Holding and Neurovia AI. We are confident about the direction and will continue to focus on building a stronger operational foundation to enable technology to play a role in industry and create long-term value for shareholders."
Regarding Robo.ai and Inc.
Robo.ai Inc. (Nasdaq ticker: AIIO) Headquartered in Dubai, United Arab Emirates, it is a Nasdaq-listed technology group that builds intelligent infrastructure around four platforms: artificial intelligence, robotics and intelligent mobility, advanced manufacturing, as well as digital assets and capital. Its industrial group ALIF Holding is committed to building intelligent industries by developing, integrating, and manufacturing AI systems to serve governments, public sectors, and critical mission areas. Through its subsidiary Neurovia AI, the company develops AI software and visual data infrastructure. Quantum Core Capital ("QC Capital") is its deep-tech holding and startup incubation platform driven by AI, responsible for incubating, investing in, and operating businesses in the fields of artificial intelligence, robotics, digital infrastructure, and the next-generation digital economy.
Forward-looking Statements
This press release contains statements that may constitute “forward-looking” statements under the “Safe Harbor” provisions of the 1995 Private Securities Litigation Reform Act, including: estimates regarding the company’s unaudited October 2026 revenue and full-year 2026 revenue outlook; acquisition integration; responsibilities of the president; plans to establish ALIF Composites, its target capacity, and capacity for 2027; phased development of the ALIF Holding Group industrial park; plans to establish and locate in ALIF Maritec and its proposed oil spill emergency response system; development and commercialization of NeuroStream ™; product development; local manufacturing and delivery capabilities; and expected strategic benefits. These forward-looking statements can be identified by words such as “will”, “expect”, “anticipate”, “intend”, “future”, “plan”, “believe”, “estimate”, “target”, “possible”, “challenge”, and similar expressions. These statements are based on management’s current expectations, estimates, and assumptions. The unaudited October revenue information and revenue outlook are preliminary figures based on management’s current estimates and may change, and do not guarantee future performance. Robo.ai may also make written or oral forward-looking statements in its periodic reports filed with the U.S. Securities and Exchange Commission (“SEC”), annual reports to shareholders, press releases, and other written materials, as well as in oral statements made by its executives, directors, or employees to third parties. Statements other than historical facts, including beliefs, plans, and expectations regarding Robo.ai, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties.Multiple factors may lead to significant differences between the actual results and the content of any forward-looking statements, including but not limited to: Robo.ai's strategy, future business development, as well as financial condition and operating results; Robo.ai's limited operating history in the current business; Robo.ai's ability to generate positive cash flow and profits; Robo.ai's ability to compete successfully; Robo.ai's ability to build a brand and withstand negative public opinion; as well as changes in customer demand and government incentives, subsidies, or other favorable government policies. For more information regarding these and other risks, please refer to the documents submitted by Robo.ai to SEC. All information provided in this press release is as of the date of release, and except as required by applicable laws, Robo.ai assumes no obligation to update any forward-looking statements.
Contact Information for Investors and Media
Investor Relations: ir @ roboai.group
Media: pr @ roboai.group
Website: www.roboai.group
