AYRO Receives More $2.9 Million Buy Order for

The order orders for the Club Motor vehicle Recent complete $4.9 million to date, demonstrating

The order orders for the Club Motor vehicle Recent complete $4.9 million to date, demonstrating fast expanding need for the recently-introduced, purpose-developed electrical delivery vehicle in 2021

AUSTIN, TEXAS, Aug. 10, 2021 (World NEWSWIRE) — AYRO, Inc. (NASDAQ: AYRO), a designer and maker of goal-developed, small-haul, and previous-mile shipping and delivery electric automobiles (EVs), now declared the receipt of an supplemental invest in purchase valued at $2.9 million for the 2022 Club Motor vehicle Present-day. This comes approximately two months right after the announcement of the original $2 million buy purchase for the Club Automobile Existing and delivers complete orders to $4.9 million to date considering the fact that the product’s introduction in June 2021, demonstrating powerful demand for this compact and customizable shipping and delivery EV.

The Club Auto Present fills the gap amongst full-sized trucks and compact utility carts, which makes it ideal for reduced-pace logistics and cargo providers for universities, dining establishments, governments, hospitals, resorts, sports activities stadiums, and airports. The all-electric powered layout is engineered for a number of configurations – pickup, flatbed, and van box – and add-ons – ladder rack and Tommy Gate – for fleet versatility and improved efficiency. That includes a 50% reduction in pounds, somewhere around 49% reduction in yearly working costs, and 47% lesser footprint as opposed to traditional gasoline- or diesel-driven trucks or vans, the Club Motor vehicle Present-day is a practical alternative from quite a few factors of check out. This objective-developed EV is presently offered, which is noticeably faster than competing professional electric vehicles set to strike the market subsequent yr. Immediately after its start in North The united states in June, the Club Car Present released in Latin America and the Caribbean to aid the escalating e-commerce sector and defeat community past-mile supply worries in all those regions.

“We are fired up to build upon our thriving partnership with Club Car or truck with this extra buy buy for the Club Vehicle Latest,” mentioned Rod Keller, CEO of AYRO. “It is obvious that as corporations perform to electrify their fleets, there is robust demand for the Club Vehicle Present-day for its compact style and design, flexibility, and affordable price tag.

The Club Auto Existing is being assembled by Karma Automotive at the point out-of-the-artwork Karma Innovation and Customization Centre (KICC) in Moreno Valley, California. KICC’s provide chain capabilities and resources enable AYRO to fast respond to client and market demands irrespective of market-large offer chain shortages.

Gallery is customizing the Club Vehicle Present to support the rising need for on-board food stuff and retail delivery possibilities. Their innovative alternatives and patent-pending energy system make it possible for customers to convey goods instantly to the place of demand, enabling buyers to extend their footprint even though meeting sustainability goals across corporate and bigger schooling campuses, stadiums, lodges, and far more.

Element Fleet Management is also giving the Club Car or truck Latest together with its financing, maintenance, roadside support, and other fleet providers and methods.

ABOUT AYRO, INC.

Texas-based AYRO, Inc., engineers and manufactures reason-created electrical automobiles to allow sustainable fleets. With speedy, customizable deployments that fulfill specific buyer wants, AYRO’s agile EVs are an eco-friendly microdistribution option to gasoline vehicles. The AYRO Club Car or truck Latest is the only zero-emission, intent-constructed EV acknowledged to AYRO that can be optimized for the demands of any sustainable fleet. AYRO innovates with speed, discipline, and agility, and was started in 2017 by entrepreneurs, investors and executives with a enthusiasm for creating sustainable city electric powered car answers for micromobility. For extra information, check out: www.ayro.com.

ABOUT CLUB Car

With over 60 decades of encounter of innovation and style and design in generating little-wheel automobiles, Club Vehicle is a main company of gas and electric golfing, utility and particular transportation autos. Launched in 1958, the Club Auto product portfolio has developed to involve a lot extra than golf cars and trucks, now encompassing motor vehicles for industrial and buyer marketplaces, developed with an uncompromised wish for excellent effectiveness. As an marketplace leader in electrification and sustainability, Club Motor vehicle is very pleased to be on the forefront of environmentally dependable Zero Emission Automobile (ZEV) systems. For extra information, visit www.clubcar.com.

ABOUT GALLERY

With 40 decades of expertise as the foremost producer of cellular food, beverage, and merchandising carts and kiosks for use in stadiums, arenas, airports, purchasing malls, and campuses, Gallery is groundbreaking the use of customized electric cars for retail and concession delivery in these environments. Based in Denver, Colorado, the relatives-run business has developed a lot more than 30,000 carts for about 5,000 venues in all 50 states and around the world. Locate Gallery on the net at www.gallerycarts.com.

Ahead Hunting STATEMENTS

This press release might comprise ahead-looking statements. These forward-seeking statements include acknowledged and not known pitfalls, uncertainties and other things which might induce genuine results, effectiveness or achievements to be materially unique from any envisioned foreseeable future results, efficiency, or achievements. Phrases these kinds of as “anticipate,” “believe,” “could,” “estimate,” “expect,” “may,” “plan,” “will,” “would” and their opposites and identical expressions are intended to detect forward-on the lookout statements and consist of the intended use of web proceeds from the registered immediate giving. This kind of ahead-searching statements are primarily based on the beliefs of management as very well as assumptions manufactured by and details at present obtainable to management. Important elements that could result in true results to vary materially from these indicated by these forward-on the lookout statements consist of, without having limitation: AYRO has a background of losses and has in no way been profitable, and AYRO expects to incur extra losses in the future and could by no means be profitable the marketplace for AYRO’s products is establishing and could not create as anticipated and AYRO, appropriately, may perhaps never ever satisfy its targeted creation and product sales aims AYRO’s minimal functioning background makes analyzing its enterprise and upcoming prospects challenging and may enhance the hazard of any expenditure in its securities AYRO may well encounter reduce-than-expected current market acceptance of its motor vehicles developments in alternative technologies or advancements in the inside combustion motor might have a materially adverse outcome on the demand from customers for AYRO’s electric powered motor vehicles the marketplaces in which AYRO operates are extremely aggressive, and AYRO may perhaps not be successful in competing in these industries AYRO depends on and intends to continue to depend on a single 3rd-get together provider for the sub-assemblies in semi-knocked-down for all of its vehicles AYRO may perhaps turn out to be issue to merchandise legal responsibility promises, which could damage AYRO’s fiscal affliction and liquidity if AYRO is not equipped to properly protect or insure in opposition to such statements boosts in fees, disruption of provide or shortage of uncooked materials, in unique lithium-ion cells, could harm AYRO’s small business AYRO will be necessary to elevate extra capital to fund its operations, and these kinds of cash boosting may possibly be highly-priced or complicated to acquire and could dilute AYRO stockholders’ possession passions, and AYRO’s extended expression funds demands are subject to quite a few pitfalls AYRO may well are unsuccessful to comply with environmental and basic safety laws and polices and AYRO is matter to governmental export and import controls that could impair AYRO’s capacity to compete in global marketplace due to licensing needs and issue AYRO to legal responsibility if AYRO is not in compliance with applicable regulations. A discussion of these and other variables with respect to AYRO is established forth in our most the latest Once-a-year Report on Form 10-K and subsequent stories on Variety 10-Q. Forward-wanting statements discuss only as of the day they are made and AYRO disclaims any intention or obligation to revise any ahead-searching statements, regardless of whether as a final result of new information, long run events or normally.

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

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

Gallery Carts
Holly Sprague
[email protected]

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