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AYRO Announces Completion of Pre-Production Model of AYRO Vanish

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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.

Positive
  • Completion of pre-production model of AYRO Vanish, enhancing product development timeline.
  • First low-speed electric vehicle in new strategic product roadmap.
  • New dealer program to expand market reach across various sectors.
Negative
  • None.

With both light-duty and heavy-duty bed configurations, the AYRO Vanish is a unique electric vehicle offering for a variety of applications.

ROUND ROCK, TX / ACCESSWIRE / December 20, 2022 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility, and last-mile delivery, announces the completion of the pre-production model, also known as the "first article," of the AYRO Vanish. The Vanish is the first low-speed electric vehicle (LSEV) in the company's new strategic product roadmap and is a utility LSEV unlike any other on the market. Designed with an all-aluminum chassis for lighter weight and corrosion resistance, the Vanish offers highly adaptable bed configurations to support both light-duty and heavy-duty needs while also limiting the vehicle's impact on the environment.

AYRO, Inc., Monday, December 19, 2022, Press release picture

"The completion of the first article represents a significant milestone in development of the Vanish," said Tom Wittenschlaeger, CEO of AYRO. "We will soon have test articles for further evaluation and homologation prior to entering production in 2023."

"What we have done in just the past 10 months is incredible," noted Drew Arnberg, senior vice president of programs at AYRO. "We're so excited about what we are developing here at AYRO. From our initial concepts to where we are today, our team is making sure every detail is considered."

This milestone follows the announcement last week of a new dealer program for the AYRO Vanish. The new dealer program will allow AYRO to bring the Vanish and future products to additional markets, including fleet and operations managers for facilities in education, corporate and medical campuses, hotels and resorts, golf courses, stadiums, marinas, governments, municipalities and urban delivery. The program offers a range of benefits for prospective dealers. Interested parties can request more information at ayro.com/dealer-program.

For more information on AYRO or the AYRO Vanish, visit ayro.com.

About AYRO

AYRO designs and produces zero emission vehicles and systems that redefine the very nature of sustainability. Our goal is to craft solutions in a way that leaves minimal impact on not only carbon emissions, but the space itself. From tire tread, fuel cells, sound and even discordant visuals, we apply engineering and artistry to every element of our product mix. The AYRO Vanish is the first in this new product roadmap. For more information, visit ayro.com.

Media Inquiries:
Nick Kastner
Forum Communications
678-943-3859
nick@forumspeaks.com

SOURCE: AYRO, Inc.



View source version on accesswire.com:
https://www.accesswire.com/732501/AYRO-Announces-Completion-of-Pre-Production-Model-of-AYRO-Vanish

FAQ

What is the AYRO Vanish and what makes it unique?

The AYRO Vanish is a low-speed electric vehicle designed for utility applications, featuring an all-aluminum chassis and adaptable bed configurations.

When is AYRO planning to enter production with the Vanish?

AYRO plans to enter production in 2023 following further evaluations and homologation of the vehicle.

What benefits does the new dealer program for the AYRO Vanish offer?

The new dealer program is designed to help AYRO expand its market reach, providing benefits for dealers targeting fleet and operations managers in various sectors.

What is AYRO's stock symbol?

AYRO's stock symbol is AYRO, traded on NASDAQ.

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