NWTN: SEET Buys Strategic Stake
By Amit Chowdhry ● Today at 11:05 PM
UAE-based NWTN has announced an agreement with SEET, a subsidiary of Medad Holding. This deal marks a significant step in NWTN's transformation towards "Smart Mobility, Smart Device, and Smart Contract" solutions. Under the Share Purchase Agreement, SEET will invest $100 million to acquire newly issued NWTN shares and collaborate on initiatives in urban mobility, AI, smart energy, and blockchain technology.