EHang Holdings Restricted (“EHang” or the “Firm”) (Nasdaq: EH), the world’s main city air mobility (“UAM”) know-how platform firm, immediately introduced that the Firm is partnering with the main fintech group within the MENA area Multi Degree Group (“MLG”) and the Abu Dhabi Funding Workplace (“ADIO”) to drive eVTOL improvement within the UAE and past. Throughout Abu Dhabi’s inaugural DRIFTx occasion, a world platform to debate and interact improvements that can form the way forward for mobility, ADIO and MLG signed a trilateral settlement with EHang.
EHang is seeking to arrange their regional headquarters in Abu Dhabi to advertise enterprise actions with native companions together with manufacturing, flight operations, analysis and improvement, coaching and Upkeep, Restore, and Overhaul (“MRO”) services.
ADIO will likely be offering EHang with a complete vary of growth-enabling help, together with offering knowledge and data associated to establishing and working a producing and industrial companies enterprise in Abu Dhabi; organising enablement and hyperlinks with the Abu Dhabi ecosystem and worldwide commerce alternatives.
Badr Al-Olama, Director Normal of Abu Dhabi Funding Workplace (ADIO), stated: “ADIO continues to work with main world gamers to speed up the adoption of good and autonomous automobiles throughout air, land and sea. Our collaboration with Multi Degree Group, and air mobility leaders resembling EHang, will play a key position in driving Abu Dhabi’s efforts in selling eVTOLs to remodel the way in which individuals and items are transported and in advancing the way forward for mobility globally.”
EHang (Nasdaq: EH) is among the world’s main city air mobility (UAM) know-how platform corporations. It gives prospects in numerous industries with pilotless eVTOL plane and unmanned aerial car (UAV) techniques and options. EHang’s EH216-S has obtained the world’s first kind certificates, manufacturing certificates and normal airworthiness certificates for passenger-carrying pilotless eVTOL plane issued by the Civil Aviation Administration of China.
Mr. Abdul Jabbar Al Sayegh, Chairman of Multi Degree Group (MLG) expressed enthusiasm concerning the groundbreaking collaboration between MLG, ADIO and world chief EHang, aimed toward driving ahead the way forward for autonomous aerial automobiles improvement.
He stated: “This partnership marks a major milestone in our collective efforts to revolutionise the way in which individuals and items are transported. By becoming a member of forces with EHang, a pioneer in city air mobility know-how, and with the help of ADIO, we’re poised to ascertain Abu Dhabi as a hub for the development of eVTOLs and unmanned aerial automobiles. It underscores MLG’s dedication to driving ahead innovation and shaping the way forward for mobility within the UAE and past.”
Mr. Huazhi Hu, Founder, CEO and Chairman of EHang, stated: “Abu Dhabi is on the forefront of the revolutionary applied sciences, and presents probably the greatest ecosystems globally for UAM options. We’re thrilled to have MLG and ADIO as our companions to convey our eVTOLs and develop our footprint into the MENA area. EHang stays steadfast in shaping the way forward for air transportation and contributing to Abu Dhabi’s journey in direction of turning into a world chief within the UAM sector.”
SAVI helps the innovation and the commercialisation of good and autonomous car applied sciences within the UAE by offering state-of-the artwork services and value-added companies inside an enabling regulatory surroundings. The cluster is positioned in Abu Dhabi’s Masdar Metropolis and can embody R&D labs. It would utilise the present infrastructure inside Abu Dhabi for testing and certification, giant scale workshops, hangars and manufacturing services, which is linked by means of Abu Dhabi’s world logistics community.
Supported by ADIO and SAVI, Abu Dhabi’s inaugural DRIFTx is a world platform and exhibition to showcase the newest in superior city mobility functions throughout air, land, and sea. Being held from 25-26 April 2024 at Yas Marina Circuit, the occasion options partaking discussions, a never-before-seen show of flying taxis, driverless automobiles, and autonomous boats, and one-of-a-kind experiences.
About ADIO
The Abu Dhabi Funding Workplace (ADIO) allows native, regional and worldwide traders to thrive and develop within the UAE capital by means of its shut collaboration with authorities companions, sovereign traders, and nationwide champions.
ADIO is Abu Dhabi’s premier platform that empowers the non-public sector to develop, associate and compete globally by offering entry to development alternatives, strategic partnerships and new markets throughout key sectors that vary from actual property and infrastructure, to industries and agribusiness, enhancing the nation’s funding in expertise, innovation and sustainability.
With a rising community of worldwide places of work, traders can contact ADIO by visiting its head workplace in Abu Dhabi or worldwide places of work positioned in Beijing, Frankfurt, London, New York, Paris, San Francisco, Seoul, and Tel Aviv.
Go to https://www.investinabudhabi.gov.ae/ for extra info.
About Multi Degree Group (MLG)
MLG, a premier fintech and digital transformation options supplier within the MENA area with a powerful give attention to cutting-edge applied sciences, MLG makes a speciality of a big selection of revolutionary companies, starting from Digital Transformation and Software program Growth to System and Course of Automation, {Hardware} Design, and In-house Manufacturing. Moreover, MLG presents Self-Service Platforms, Banking and Monetary Options, and Turnkey Built-in Options, guaranteeing complete help tailor-made to our shoppers’ wants.
MLG’s dedication facilities on seamlessly incorporating cutting-edge applied sciences, clever autonomous drones, eVTOLs, and car applied sciences, in addition to prolonged infrastructure together with Vports, throughout the realms of passenger transportation, good logistics, and good metropolis administration.
Our mission is to pioneer sustainable and clever mobility and logistics that propel the UAE right into a future the place effectivity, connectivity, and environmental consciousness converge seamlessly.
About EHang
EHang (Nasdaq: EH) is the world’s main city air mobility (“UAM”) know-how platform firm. Our mission is to allow secure, autonomous, and eco-friendly air mobility accessible to everybody. EHang gives prospects in numerous industries with unmanned aerial car (“UAV”) techniques and options: air mobility (together with passenger transportation and logistics), good metropolis administration, and aerial media options. EHang’s EH216-S has obtained the world’s first kind certificates, manufacturing certificates and normal airworthiness certificates for passenger-carrying pilotless eVTOL plane issued by the Civil Aviation Administration of China. Because the forerunner of cutting-edge UAV applied sciences and business options within the world UAM business, EHang continues to discover the boundaries of the sky to make flying applied sciences profit our life in good cities. For extra info, please go to www.ehang.com