Robo.ai (AIIO) said Friday that it has jointly launched Roboy339, a digital wallet for smart vehicles, with Changer.ae.
This comes after the companies entered a strategic agreement in August to co-innovate in the infrastructure of compliant wallets and digital accounts.
The Roboy339's compliant digital wallet enables autonomous real-time payments for tolls, charging, maintenance, and leasing, while also processing authorized income and transactions, the company said.
Robo.ai shares were up more than 7% in recent Friday premarket activity.