Ayro Inc Stock Price, News & Analysis

AYRO, Inc. (NASDAQ:AYRO) is hosting its first live event featuring the new 2023 AYRO Vanish, a low-speed electric vehicle (LSEV), on February 13, 2023, at 1:30 PM EST. The Vanish bridges the gap between full-sized trucks and small utility vehicles, built with a lightweight aluminum frame for optimal payload. During the event, CEO Tom Wittenschlaeger and the engineering team will discuss the vehicle's design and technology. The live stream will be available via AYRO's social media channels, with a recording posted later for those who miss it. This event marks the start of a series of product launches aimed at sustainable transportation solutions.

AYRO has secured a significant milestone with the issuance of U.S. Patent No. D975591 for the design of the AYRO Vanish, marking its entry into intellectual property protection. This patent is the first among several pending filings, including two additional design patents and six utility patents centered on sustainability. AYRO aims to revitalize the stagnant low-speed electric vehicle (LSEV) market by offering customizable vehicle configurations that blend functionality with innovation. CEO Tom Wittenschlaeger emphasizes the importance of intellectual property in enhancing enterprise value and advancing sustainable solutions.

AYRO, Inc. (NASDAQ:AYRO) has partnered with Masters Golf and Utility Vehicles in Ontario, Canada, marking the first collaboration under AYRO's new Dealer Program. This partnership will allow the AYRO Vanish to be available throughout Ontario and in Toronto, as the city looks to transition to electric fleet vehicles. Masters Golf, based in Oshawa, offers various utility cart solutions and has a fleet of 700 rental vehicles. The Dealer Program provides territory exclusivity, training, volume discounts, and financing options. Pre-orders for the AYRO Vanish will commence soon, signaling growth potential in the region.

AYRO, Inc. (NASDAQ:AYRO) will present a corporate overview at the Sidoti & Co. Micro Cap Virtual Conference on January 19, 2023, at 11:30 am ET. CEO Tom Wittenschlaeger will be available for one-on-one meetings during the event. The conference aims to showcase AYRO's electric delivery vehicles and sustainability-focused solutions. Interested attendees can register for the conference and request a meeting through the provided links. For more details on AYRO's zero-emission vehicles, visit www.ayro.com.

AYRO, Inc. (NASDAQ:AYRO) has completed the pre-production model of the AYRO Vanish, its first low-speed electric vehicle (LSEV) designed for utility applications. This vehicle features an all-aluminum chassis, allowing for both light-duty and heavy-duty configurations. CEO Tom Wittenschlaeger highlighted this milestone as crucial for further development and production planned for 2023. Alongside this, AYRO announced a new dealer program aimed at expanding market reach for the Vanish, targeting sectors like education, corporate, and urban delivery.

AYRO, Inc. announces an exclusive dealer program for its new AYRO Vanish, a low-speed electric vehicle (LSEV), enhancing market reach across North America. The Vanish features a corrosion-resistant all-aluminum chassis, versatile payload options, and is designed for various applications, including fleet operations for education, corporate campuses, and more. Dealers will benefit from territory exclusivity, training, volume discounts, and financing options. Pre-orders for the Vanish will start early next year, with production ramping up in 2023, positioning AYRO for expanded market presence.

AYRO, Inc. (Nasdaq:AYRO) will present a corporate overview at the Planet MicroCap Showcase: Virtual 2022 from December 6-8, 2022. CEO Tom Wittenschlaeger is scheduled to speak on December 7, 2022, at 10:30am ET. Interested parties can attend the conference and request one-on-one meetings with the CEO on the first day. AYRO focuses on designing zero-emission vehicles aimed at sustainable delivery solutions. For further information, visit www.ayro.com.

AYRO, Inc. (NASDAQ:AYRO) reported its 3Q22 financial results, revealing revenue of approximately $373,000 and a net loss of ($5.7) million, an improvement from ($12.0) million in 3Q21. The adjusted EBITDA loss was ($4.8) million, down from ($8.2) million in the prior year. The company holds $55.2 million in cash and marketable securities with no debt. AYRO also launched the Vanish, a new low-speed electric vehicle designed for urban delivery. Manufacturing is expected to ramp up in early 2023.