Ayro Inc Stock Price, News & Analysis

AYRO, Inc. (Nasdaq: AYRO), a manufacturer of electric vehicles, announced that CEO Rod Keller will present at the Maxim Group’s Inaugural Emerging Growth Virtual Conference on March 17-18, 2021. Investors can access the presentation post-registration and request one-on-one meetings with Keller after the conference. AYRO specializes in purpose-built electric vehicles aimed at sustainable fleets, including the AYRO 411 Club Car and AYRO 311 EV, which offer eco-friendly alternatives for logistics and urban transport.

AYRO has announced the launch of the Electric Vaccine Vehicle (EVV) in partnership with Element, Club Car, and Gallery Carts to enhance vaccine delivery amid ongoing distribution challenges. The EVV is designed for efficient, zero-emissions transportation of vaccines and testing. Key features include medical-grade storage, a compact size for better accessibility, and the ability to operate without specialized charging infrastructure. This initiative aims to improve access to vaccines for high-risk populations, especially in areas lacking transportation options.

AYRO, Inc. (NASDAQ: AYRO) announced a registered direct offering of 4,400,001 shares of common stock at $9.50 per share, raising approximately $41.8 million before expenses. Investors will also have the option to purchase an additional 3,300,001 shares at $11.50 per share within a year. The offering is expected to close around February 16, 2021. Proceeds will be used for working capital and general corporate purposes.

AYRO, Inc. (Nasdaq: AYRO) announced a registered direct offering of 3,333,334 shares of common stock at $6.00 per share, expecting to raise approximately $20 million before fees. The company will grant warrants for another 3,333,334 shares at $6.93, which are exercisable after six months. The offering is set to close around January 27, 2021. Proceeds will be used for working capital and corporate purposes. This offering follows a shelf registration declared effective by the SEC.

AYRO, a manufacturer of short-haul electric vehicles, will participate in the Benzinga Global SmallCap Conference on December 8-9, 2020. CEO Rod Keller will present at 4:45 p.m. ET on December 8 and join an EV Panel on December 9 at 2:35 p.m. ET, discussing key topics like the impact of the Biden administration on the EV sector. Investors can schedule one-on-one meetings and register for the conference for free, gaining access to the full agenda. AYRO is focused on providing eco-friendly urban EV solutions tailored to sustainable fleets.

AYRO, Inc. (Nasdaq: AYRO) has successfully closed a registered direct offering, raising $10 million in gross proceeds. This investment, led by Carnegie Hudson Resources, part of Wanxiang America, aims to enhance AYRO's operations in the electric vehicle (EV) market. The capital will support increased production capacity beyond 600 vehicles per month and strengthen AYRO's market presence, especially in urban delivery solutions. AYRO is focused on sustainable fleets and aims to leverage Wanxiang's global supply chain for future growth.

AYRO, Inc. announced a strategic financing agreement led by Carnegie Hudson Resources, an investment arm of Wanxiang America. The offering comprises approximately 1,650,165 shares of common stock priced at $6.06 per share, aiming for gross proceeds of about $10 million. Investors will also receive warrants to acquire additional shares at higher prices. AYRO intends to use the funds for manufacturing, operations, and market expansion. The offering is expected to close on November 24, 2020, subject to customary conditions.

AYRO, Inc. (Nasdaq: AYRO) reported its Q3 2020 financial results with revenues of $388,654 and a net loss of $3.1 million. The adjusted EBITDA loss was $2.1 million, with total debt at $241,399 and cash reserves of $27.9 million as of September 30, 2020. The company expanded its Austin facility to increase production from 200 to 600 vehicles monthly and established a partnership with Karma Automotive aiming to deliver 20,000 vehicles over three years.

AYRO also announced $24.25 million raised through equity offerings and received initial orders worth $584,000 for mobile food trucks.

AYRO announces its third quarter 2020 financial results will be reported on November 6, 2020, before market open. CEO Rod Keller and CFO Curt Smith will lead a conference call at 8:30 a.m. ET to discuss the results and corporate developments. Interested attendees can submit questions via email and will have the opportunity to join the live conference call or listen to a webcast. AYRO focuses on manufacturing light-duty electric vehicles for urban and short-haul use, targeting sustainable fleet solutions in various sectors.