Robo.ai Inc (NASDAQ:AIIO) shares continued their upward trajectory, surging 5.73% in pre-market trading on Wednesday. This follows an impressive 35.75% gain during Tuesday's regular trading session, as investors react positively to recent developments.

The primary catalyst for this surge appears to be a substantial $300 million investment commitment from a consortium led by Burkhan Capital LLC, a UAE-based company. This deal, announced on Tuesday, is expected to close within 30 days, subject to customary conditions. The investment is aimed at growing Robo.ai's AI-driven system, which connects smart devices with blockchain technology. Additionally, the company recently revealed a joint venture with Pakistan's JW Group to develop commercial vehicles and expand into green mobility.

Benjamin Zhai, CEO of Robo.ai, expressed enthusiasm about the funding, stating it will "turbocharge our ability to scale our platform and deliver on our mission to usher in a new era of the intelligent Internet of Things." The company, which has dual headquarters in Miami and Dubai, plans to boost its presence in the Middle East and may explore expansion into North America, Europe, and South Asia. With a market capitalization of $884.53 million and a 296.97% gain over the past year, Robo.ai appears to be attracting significant investor interest in the AI and robotics sector.