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UAE Firm NWTN Secures $100mln Investment from SEET for Smart Mobility Solutions
ByAinvest
Wednesday, Jul 16, 2025 1:05 pm ET1min read
NWTN Inc., a UAE-based technology firm, has secured a $100 million investment from SEET LLC, a subsidiary of Medad Holding. The investment will support the deployment of "Smart Mobility, Smart Device, Smart Contract" solutions in urban transport, AI, clean energy, and blockchain. SEET will become NWTN's largest shareholder, reinforcing its leadership in high-end manufacturing and sustainable technologies. NWTN is currently trading at $1.84, down 3.20% on the Nasdaq.
NWTN Inc., a UAE-based technology and manufacturing firm, has announced a significant strategic investment from SEET LLC, a subsidiary of Medad Holding. The investment amounts to $100 million, which will be used to acquire newly issued NWTN shares. Upon completion of the transaction, SEET LLC will become NWTN's largest single shareholder, underscoring its commitment to the company's growth and strategic direction.The investment will support the deployment of "Smart Mobility, Smart Device, Smart Contract" solutions across various sectors, including urban transport, artificial intelligence, clean energy, and blockchain. This strategic partnership aims to reinforce NWTN's leadership in high-end manufacturing and sustainable technologies, aligning with the company's vision to innovate and deliver cutting-edge solutions.
The stock of NWTN Inc. is currently trading at $1.84 on the Nasdaq, down by 3.20% from its previous close. The market's reaction to the news reflects the potential impact of this investment on the company's future prospects and its ability to execute its strategic objectives.
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3TD0EX:0-nwtn-inc-announces-execution-of-agreement-with-seet-llc/
[2] https://www.nasdaq.com/articles/nwtn-secures-100-mln-uae-strategic-investment-seet
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