Stock Track | Robo.ai Soars 6.67% Pre-market on Launch of Smart Vehicle Digital Wallet

Stock Track10-03

Robo.ai Inc (AIIO) saw its stock surge 6.67% in pre-market trading on Friday, following the announcement of its joint launch of Roboy339, a digital wallet for smart vehicles, in collaboration with Changer.ae.

The Roboy339 digital wallet is designed to revolutionize financial transactions for smart vehicles. It enables autonomous real-time payments for various vehicle-related expenses, including tolls, charging, maintenance, and leasing. Additionally, the wallet can process authorized income and transactions, potentially streamlining the financial aspects of vehicle ownership and operation.

This launch is a result of a strategic agreement between Robo.ai and Changer.ae, which was established in August to co-innovate in the infrastructure of compliant wallets and digital accounts. The positive market reaction suggests that investors see significant potential in this new product, viewing it as a step forward in integrating financial technology with the rapidly evolving smart vehicle industry.

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