Robo.ai Inc. (NASDAQ:AIIO) reported preliminary unaudited revenue exceeding $100 million for October 2026, marking the second consecutive month in which the Dubai-based technology company reached that level.
The company attributed the revenue primarily to its subsidiary Quantum Core Capital Limited (QC Capital), which generates revenue by charging enterprise customers for completed and accepted delivery orders.
Robo.ai also reaffirmed its full-year 2026 revenue forecast of approximately $600 million, while announcing management changes and developments across its industrial and artificial intelligence businesses.
Robo.ai said its October revenue figures were preliminary and had not been audited.
The company maintained its expectation of approximately $600 million in revenue for the full year, based on management’s current estimates.
Robo.ai cautioned that revenue performance does not necessarily indicate profitability or operating cash flow. The company also noted that its annual forecast remains subject to revision.
Robo.ai appointed Ralf R. Debbas as President, effective November 2, 2026, with responsibility for overseeing industrial strategy and international partnerships.
Debbas founded automotive company W Motors in 2012 and led its expansion into vehicle design, engineering and manufacturing operations in the United Arab Emirates.
His appointment comes as Robo.ai develops its industrial operations and international business relationships.
Robo.ai’s industrial subsidiary, ALIF Holding, announced plans to establish ALIF Composites, a manufacturing operation focused on composite raw materials in the UAE.
The company is targeting initial production during the fourth quarter of 2026, followed by annual manufacturing capacity of 10 million square metres in 2027.
The proposed facility will be located at ALIF Holding Group Industrial Park in Umm Al Quwain, where the first phase of development broke ground on September 25, 2026.
The production schedule and capacity targets remain dependent on site arrangements, technical validation, financing, permits and other required approvals.
ALIF Holding also presented a proposed integrated oil spill response system through its planned ALIF Maritec venture.
The concept is intended to serve ports, offshore installations and coastal industrial facilities in the UAE. Development remains conditional on funding, technical assessments and regulatory requirements.
Separately, Robo.ai subsidiary Neurovia AI participated as the Official Government AI Partner at the third Government AI Summit in Abu Dhabi on November 3, 2026.
During the event, Neurovia AI presented NeuroStream™, its visual data optimisation platform.
The announcements reflect Robo.ai’s activities across industrial manufacturing, marine technology and artificial intelligence, alongside its existing revenue-generating operations.
Robo.ai continues to target approximately $600 million in full-year revenue following two consecutive months with preliminary revenue above $100 million.
The company’s industrial expansion plans include proposed composite materials production and marine response technologies, while its AI subsidiary continues to present its technology to potential government and enterprise customers.
The financial outlook and planned industrial developments remain subject to operational, funding and regulatory conditions.
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