AYRO Receives $2 Million Acquire Order for New Club Vehicle

The invest in get is for the Club Auto Present-day for 2021, demonstrating high desire

The invest in get is for the Club Auto Present-day for 2021, demonstrating high desire for the new light-duty EV drop.

AUSTIN, TEXAS, June 08, 2021 (Globe NEWSWIRE) — AYRO, Inc. (NASDAQ: AYRO), a designer and manufacturer of light-responsibility, brief-haul, and past-mile supply electric powered motor vehicles (EVs), today declared the receipt of an initial obtain order valued at $2 million, matter to the conditions and conditions of the Master Procurement Arrangement executed March 13, 2019. This instantly follows the launch of the 2022 Club Vehicle Existing, the upcoming era of the Club Car or truck 411 that options new alternatives for improved safety and consolation in the exact compact, customizable style that universities, eating places, governments, hospitals, resort resorts, sporting activities stadiums, and airports across the U.S. have appear to really like. This very first buy order indicators the strong, and rapid, need for the Club Automobile Present as organization sustainability objectives and EV adoption boost.

The Club Motor vehicle Existing fills the gap involving comprehensive-sized vans and modest utility carts, which helps make it best for minimal-pace logistics and cargo expert services in campus and city environments. Similar to the past era, it is engineered for multiple bed choices and components – 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 below California’s California Air Source Board (CARB) Certification Method with “cleanest” scores for worldwide warming and air good quality of zero emission autos. Gallery Carts will personalize the Club Car Present-day to assist a vast assortment of on-board food and retail choices, and Component Fleet Management will offer you this auto along with its financing, maintenance, roadside guidance, and other fleet expert services and remedies.

This 2022 car gives new characteristics and advancements which give homeowners and operators with the subsequent:

  • New overall body panel product composition, bettering toughness and longevity for hard environments
  • All new seem reliable with the Club Car or truck manufacturer
  • Redesigned taxi interior optimizing driver and passenger comfort—focus on producing a lot more area and improved temperature management
  • Increased safety options conforming to FMVSS standards—e.g., pedestrian minimal-speed warning program
  • Tested and qualified to SAE J2258 (LSV) and J2358 (Non-LSV) benchmarks
  • All new accessory suite and mattress possibilities to increase use circumstances

“Club Vehicle has been a powerful partner for finding our mild-responsibility, small-velocity EVs to consumers that require them, and this acquire get is a terrific example of our successful collaboration,” reported Rod Keller, CEO of AYRO. “The Club Car or truck Latest navigates campuses and slim urban streets seamlessly while also carrying sizeable loads for conference very last-mile distribution challenges—this is a thing most other EV’s are not intended to handle.”

When in comparison to tiny gas- or diesel-run trucks or vans, the Club Automobile Present characteristics a 50% reduction in pounds, about 49% reduction in yearly operating expenses and 47% reduction in over-all quantity or dimension, making it possible for it to maneuver restricted spaces and go wherever other vehicles are unable to. The compact, economical and sustainable design bodes properly for varied use circumstances. Versatile sufficient for any microdistribution activity, the Club Vehicle Existing can serve foods on college campuses, help area shipping and delivery for dining establishments, or go products and tools all-around authorities or corporate campuses, hospitals, hotel resorts, athletics stadiums, and airports.

Karma Automotive will assemble the Club Car or truck Present-day at its condition-of-the-art Innovation and Customization Center (KICC) in Moreno Valley, California as section of its strategic partnership with AYRO announced last yr. KICC’s source chain abilities and sources let AYRO to fast answer to consumer and marketplace needs for one of a kind, job-oriented configurations and construct-outs of the Club Car Latest.

ABOUT AYRO, INC.

Texas-based mostly AYRO, Inc., engineers and manufactures purpose-crafted electrical motor vehicles to empower sustainable fleets. With quick, customizable deployments that meet up with particular buyer requires, AYRO’s agile EVs are an eco-welcoming microdistribution option to gasoline motor vehicles. The AYRO Club Car 411 and Present-day are the only zero-emission, light obligation EVs recognised to AYRO that can be optimized for the demands of any sustainable fleet. AYRO innovates with pace, discipline, and agility, and was launched in 2017 by business people, investors and executives with a enthusiasm for creating sustainable urban electric powered car answers for micromobility. For more info, pay a visit to: www.ayro.com.

ABOUT CLUB Vehicle

Club Car has been just one of the most highly regarded names in the golf sector for extra than fifty percent a century. The Club Auto product portfolio has developed to include a great deal more than golf autos, now encompassing golfing and commercial autos, multi-passenger shuttle motor vehicles, tough-terrain and off-highway utility vehicles and road authorized low-pace cars for commercial and client marketplaces. For much more details, stop by www.clubcar.com.

Forward Seeking STATEMENTS

This push release may perhaps contain forward-looking statements. These ahead-hunting statements entail recognised and mysterious dangers, uncertainties and other aspects which may perhaps induce genuine outcomes, performance or achievements to be materially diverse from any expected upcoming benefits, performance, or achievements. Words and phrases these kinds of as “anticipate,” “believe,” “could,” “estimate,” “expect,” “may,” “plan,” “will,” “would” and their opposites and comparable expressions are supposed to detect forward-searching statements and include the anticipated price of the purchase buy and the assembly, customization and presenting of cars by AYRO’s strategic associates. Such forward-hunting statements are dependent on the beliefs of management as properly as assumptions designed by and data at this time obtainable to administration. Critical elements that could lead to precise effects to vary materially from individuals indicated by these types of ahead-searching statements include, with out limitation: the capacity of AYRO’s suppliers to produce pieces and assemble motor vehicles the capacity of the purchaser to terminate or minimize purchase orders AYRO has a historical past of losses and has hardly ever been financially rewarding, and AYRO expects to incur added losses in the upcoming and may well hardly ever be financially rewarding the influence of public health and fitness epidemics, like the COVID-19 pandemic the market place for AYRO’s merchandise is producing and may possibly not create as expected and AYRO, accordingly, may under no circumstances satisfy its focused generation and product sales goals AYRO’s constrained working heritage helps make assessing its organization and future potential clients tough and may well boost the chance of any financial investment in its securities AYRO could encounter lessen-than-predicted marketplace acceptance of its autos developments in substitute systems or advancements in the inside combustion engine may well have a materially adverse outcome on the demand from customers for AYRO’s electric automobiles the marketplaces in which AYRO operates are remarkably competitive, and AYRO may not be successful in competing in these industries AYRO relies on and intends to go on to count on a solitary third-social gathering provider in China for the sub-assemblies in semi-knocked-down state for all of its vehicles AYRO may turn into topic to product or service legal responsibility statements, which could harm AYRO’s money ailment and liquidity if AYRO is not in a position to correctly protect or insure towards these statements raises in prices, disruption of source or shortage of raw resources, in specific lithium-ion cells, could harm AYRO’s organization AYRO may perhaps be expected to raise extra money to fund its operations, and such cash raising could be costly or hard to obtain and could dilute AYRO stockholders’ possession pursuits, and AYRO’s very long time period cash prerequisites are matter to numerous hazards AYRO may perhaps fail to comply with environmental and basic safety guidelines and laws and AYRO is subject to governmental export and import controls that could impair AYRO’s capability to compete in worldwide current market owing to licensing specifications and subject matter AYRO to legal responsibility if AYRO is not in compliance with applicable legislation. A dialogue of these and other things with regard to AYRO is set forth in our most recent Yearly Report on Sort 10-K and subsequent reports on Type 10-Q. Forward-on the lookout statements speak only as of the date they are built and AYRO disclaims any intention or obligation to revise any forward-hunting statements, no matter whether as a outcome of new details, upcoming occasions or normally.

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Media Inquiries:
AYRO, Inc.
Chelsea Lauber
Media Relations Get in touch with
[email protected]

Club Automobile
Trent Bailey
704-430-6759
[email protected]

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