Lianhe Sowell International Group – also known as Sowell Robot – has signed a non-binding term sheet for $105 million in financing with Excellent Capital Investments (ECI), a European infrastructure investment fund, to establish its first artificial intelligence-powered robot manufacturing and research and development base in the United Arab Emirates.
According to the company, the planned investment marks “a significant step” in Lianhe Sowell’s global intelligent manufacturing strategy.
Total investment in the UAE project is estimated at about $132.5 million, with Lianhe Sowell contributing 20 percent as cornerstone investment and ECI providing the remaining 80 percent, or $105 million, in the form of structured senior secured credit support. The term sheet remains subject to due diligence, documentation, and final approval. [Read more…] about Lianhe Sowell signs $105 million funding deal to build AI robot manufacturing and R&D base in UAE
