Cyvn is a majority-owned investment institution of Abu Dhabi government in the United Arab Emirates, focusing on the smart travel industry. Founded in 2022, the organization aims to invest in global industry leaders, especially focusing on advanced, intelligent and sustainable mobile travel. Cyvn is part of Abu Dhabi government's strategy to diversify its economy and reduce its dependence on hydrocarbons, and is committed to cooperating with industry leaders in this field around the world.
According to public information, Cyvn invested in Weilai Automobile in China. From June 5438 to February 2023, Weilai Automobile announced that it had signed a new round of share subscription agreement with CyvnHoldingsL. Through its subsidiary CYVN Investment SRCLTD ("CYVN").
In addition to Weilai Automobile, Cyvn may also invest in other smart travel enterprises, but the specific information has not been publicly disclosed. Generally speaking, Cyvn's investment strategy is to pay attention to the advanced, intelligent and sustainable mobile travel field, and cooperate with industry leaders in this field around the world to promote the economic diversification of Abu Dhabi government and realize its strategy of reducing its dependence on hydrocarbons.
Brief introduction of CYVN characteristics
1, Cyvn's investment philosophy is deeply influenced by Warren Buffett, and it takes a fancy to the cash technology and market prospect in the field of new energy vehicles, as well as its strong brand strength and innovation ability. Cyvn invested in Weilai Automobile in China, holding about 20. 1% of the total issued and issued shares of Weilai, with voting rights of about 13%, and having the right to nominate directors to the board of directors of the company.
2.Cyvn is an important institution directly under Abu Dhabi for strategic investment and layout in the field of intelligent and mobile travel, and plays an important role. Its chairman, JassemAlZaabi, is also the finance minister of Abu Dhabi, and serves as the vice chairman of the Central Bank and the vice chairman of the ADQ Sovereign Fund. These identities and positions fully show his profound background and influence in Abu Dhabi's political and business circles.