AYRO Receives $2 Million Acquire Buy for New Club Vehicle Recent EV Pursuing Start

The purchase get is for the Club Automobile Recent for 2021, demonstrating large demand from

The purchase get is for the Club Automobile Recent for 2021, demonstrating large demand from customers for the new light-weight-duty EV drop.

AUSTIN, TEXAS, June 08, 2021 (Globe NEWSWIRE) — AYRO, Inc. (NASDAQ: AYRO), a designer and company of light-weight-duty, brief-haul, and final-mile delivery electric powered vehicles (EVs), right now introduced the receipt of an preliminary obtain order valued at $2 million, matter to the conditions and problems of the Grasp Procurement Settlement executed March 13, 2019. This promptly follows the launch of the 2022 Club Car or truck Current, the next era of the Club Car or truck 411 that characteristics new selections for enhanced basic safety and consolation in the same compact, customizable style that universities, places to eat, governments, hospitals, lodge resorts, sports stadiums, and airports throughout the U.S. have appear to love. This very first acquire get indicators the powerful, and fast, demand for the Club Auto Current as small business sustainability aims and EV adoption raise.

The Club Car or truck Current fills the hole concerning full-sized vans and smaller utility carts, which makes it perfect for low-pace logistics and cargo expert services in campus and urban environments. Very similar to the previous generation, it is engineered for various mattress options and add-ons – van box, pickup truck with sides, flatbed configurations – for fleet versatility. It is also deemed street protected by the U.S. Department of Transportation and accredited underneath California’s California Air Source Board (CARB) Certification Application with “cleanest” scores for international warming and air excellent of zero emission cars. Gallery Carts will customize the Club Auto Present to help a large range of on-board foods and retail selections, and Component Fleet Management will offer this vehicle alongside its financing, routine maintenance, roadside support, and other fleet services and options.

This 2022 motor vehicle gives new features and enhancements which provide owners and operators with the pursuing:

  • New entire body panel material composition, increasing energy and longevity for demanding environments

  • All new appear constant with the Club Automobile model

  • Redesigned taxi interior optimizing driver and passenger comfort—focus on making more area and improved temperature administration

  • Increased protection characteristics conforming to FMVSS standards—e.g., pedestrian lower-pace warning procedure

  • Tested and licensed to SAE J2258 (LSV) and J2358 (Non-LSV) expectations

  • All new accessory suite and mattress selections to grow use cases

“Club Car or truck has been a sturdy husband or wife for having our light-weight-responsibility, lower-speed EVs to customers that require them, and this order order is a terrific instance of our effective collaboration,” mentioned Rod Keller, CEO of AYRO. “The Club Vehicle Existing navigates campuses and slender city streets seamlessly though also carrying sizeable masses for meeting last-mile distribution challenges—this is one thing most other EV’s are not designed to cope with.”

When as opposed to tiny gasoline- or diesel-powered vans or vans, the Club Car Existing options a 50% reduction in fat, close to 49% reduction in yearly functioning expenses and 47% reduction in over-all volume or size, allowing it to maneuver tight spaces and go where other vehicles are unable to. The compact, effective and sustainable layout bodes properly for assorted use situations. Multipurpose plenty of for any microdistribution undertaking, the Club Automobile Recent can provide food items on university campuses, aid neighborhood supply for places to eat, or move items and products around govt or company campuses, hospitals, resort resorts, sporting activities stadiums, and airports.

Karma Automotive will assemble the Club Car Recent at its state-of-the-artwork Innovation and Customization Centre (KICC) in Moreno Valley, California as section of its strategic partnership with AYRO declared past year. KICC’s source chain capabilities and methods let AYRO to fast respond to shopper and sector requires for one of a kind, endeavor-oriented configurations and construct-outs of the Club Auto Present.

ABOUT AYRO, INC.

Texas-centered AYRO, Inc., engineers and manufactures objective-built electric motor vehicles to help sustainable fleets. With fast, customizable deployments that meet up with distinct purchaser desires, AYRO’s agile EVs are an eco-welcoming microdistribution choice to gasoline motor vehicles. The AYRO Club Car 411 and Existing are the only zero-emission, light obligation EVs regarded to AYRO that can be optimized for the desires of any sustainable fleet. AYRO innovates with pace, self-control, and agility, and was founded in 2017 by business owners, investors and executives with a enthusiasm for making sustainable urban electric automobile solutions for micromobility. For extra information and facts, visit: www.ayro.com.

ABOUT CLUB Vehicle

Club Auto has been 1 of the most highly regarded names in the golf industry for much more than fifty percent a century. The Club Automobile product or service portfolio has grown to include things like a lot a lot more than golfing cars, now encompassing golfing and professional cars, multi-passenger shuttle cars, tough-terrain and off-highway utility vehicles and avenue authorized small-speed motor vehicles for business and customer marketplaces. For much more data, visit www.clubcar.com.

Ahead Wanting STATEMENTS

This push release may well have forward-seeking statements. These ahead-searching statements contain recognised and unfamiliar hazards, uncertainties and other components which could induce true effects, efficiency or achievements to be materially distinctive from any predicted long run effects, efficiency, or achievements. Words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “may,” “plan,” “will,” “would” and their opposites and similar expressions are meant to establish ahead-hunting statements and consist of the expected worth of the order get and the assembly, customization and giving of automobiles by AYRO’s strategic associates. These forward-hunting statements are based mostly on the beliefs of administration as well as assumptions created by and data at the moment readily available to administration. Important aspects that could result in real final results to differ materially from those indicated by these kinds of ahead-wanting statements include, devoid of limitation: the ability of AYRO’s suppliers to produce areas and assemble motor vehicles the means of the purchaser to terminate or lower buy orders AYRO has a history of losses and has never ever been financially rewarding, and AYRO expects to incur extra losses in the future and may never ever be worthwhile the impact of public health epidemics, including the COVID-19 pandemic the market for AYRO’s goods is creating and might not acquire as expected and AYRO, appropriately, might under no circumstances fulfill its targeted output and revenue aims AYRO’s restricted functioning history will make assessing its enterprise and foreseeable future prospects tough and could boost the danger of any investment decision in its securities AYRO may knowledge decreased-than-anticipated industry acceptance of its autos developments in substitute technologies or improvements in the inner combustion motor could have a materially adverse result on the demand from customers for AYRO’s electric automobiles the marketplaces in which AYRO operates are remarkably aggressive, and AYRO could not be prosperous in competing in these industries AYRO relies on and intends to proceed to depend on a one 3rd-bash supplier in China for the sub-assemblies in semi-knocked-down condition for all of its automobiles AYRO may perhaps come to be topic to products liability claims, which could harm AYRO’s monetary condition and liquidity if AYRO is not ready to efficiently defend or insure versus this kind of promises will increase in charges, disruption of supply or lack of raw resources, in particular lithium-ion cells, could harm AYRO’s small business AYRO may well be required to raise more cash to fund its operations, and these types of money raising may be expensive or tough to receive and could dilute AYRO stockholders’ possession pursuits, and AYRO’s prolonged expression capital demands are matter to several threats AYRO may perhaps fall short to comply with environmental and security regulations and regulations and AYRO is subject matter to governmental export and import controls that could impair AYRO’s means to compete in worldwide market place due to licensing requirements and subject matter AYRO to liability if AYRO is not in compliance with applicable laws. A dialogue of these and other variables with respect to AYRO is set forth in our most latest Annual Report on Form 10-K and subsequent reviews on Form 10-Q. Forward-seeking statements discuss only as of the date they are made and AYRO disclaims any intention or obligation to revise any ahead-hunting statements, no matter if as a outcome of new details, long run functions or normally.

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Media Inquiries:
AYRO, Inc.
Chelsea Lauber
Media Relations Speak to
[email protected]

Club Motor vehicle
Trent Bailey
704-430-6759
[email protected]

Trader Inquiries:
AYRO, Inc.
CoreIR
Joseph Delahoussaye III
Vice President of Trader Relations
516-222-2560
[email protected]