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AYRO, Inc. - AYRO STOCK NEWS

Welcome to our dedicated page for AYRO news (Ticker: AYRO), a resource for investors and traders seeking the latest updates and insights on AYRO stock.

AYRO, Inc. (NASDAQ: AYRO), founded in 2017 and headquartered in Round Rock, Texas, is a progressive company specializing in the design and manufacture of light-duty, emissions-free electric vehicles. AYRO's core business revolves around developing sustainable transportation solutions for urban and community transport, local delivery, and closed campus mobility. Their product line includes notable models like the AYRO 311, a versatile 3-wheeled vehicle for both professional and personal use; the Club Car 411, designed for low-speed logistics and cargo services on campuses; and the AYRO 511 4×4 concept vehicles.

AYRO's mission is to redefine sustainability through innovative electric vehicles. Their latest offering, the AYRO Vanish, leverages a new Common Core Chassis design platform, making it adaptable for various applications. This low-speed electric vehicle (LSEV) has garnered significant attention, especially after receiving all necessary regulatory certifications and entering Low-Rate Initial Production (LRIP). The Vanish is already in use by hospitality provider Cruising Kitchens and has been approved for easy import into Canada.

AYRO's commitment to innovation is underscored by their recent achievements, including the recognition of their first revenue from Vanish sales and the award of four additional patents. Financially, AYRO maintains a strong balance sheet with nearly $48 million in cash and marketable securities, positioning them well for future growth. The company is focused on optimizing its production processes to transition from LRIP to full production and aims to reach break-even per-unit costs by the second half of 2024.

Recent news highlights AYRO's strategic moves, such as their first fleet order for a Fortune 100 retailer and their inclusion in Transport Canada's Appendix G Pre-clearance Program, facilitating easier import of their vehicles into Canada. Additionally, AYRO's feature on the Viewpoint television series hosted by Dennis Quaid will further showcase their commitment to sustainable transportation solutions.

For more information, visit www.ayro.com.

News

AYRO Now Registered on Transport Canada Appendix G Pre-clearance Program as a Foreign Manufacturer of New Low-Speed Vehicles

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AYRO, Inc. (NASDAQ: AYRO) has announced its registration on Transport Canada's Appendix G Pre-clearance Program as a foreign manufacturer of new Canadian specification low-speed vehicles, making it easier for Canadian importers to bring in AYRO's electric vehicles. The approval allows for the importation of the AYRO Vanish LSEV, the company's utility LSEV with adaptable bed configurations, into Canada. This move is expected to expand AYRO's reach and usage of low-speed electric fleet throughout North America.
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AYRO Announces Third Quarter 2023 Financial Results and Provides Corporate Update

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AYRO, Inc. (NASDAQ: AYRO) announces financial results for Q3 2023, including first revenue from new AYRO Vanish units. Adjusted EBITDA was ($5.2) million. $47.9 million in cash and equivalents, marketable securities, and restricted cash at September 30, 2023. CEO Tom Wittenschlaeger highlights significant milestones including regulatory certifications for AYRO Vanish and additional patents. Focus on manufacturing additional AYRO Vanish units and transitioning to full production. Expecting cost of goods sold to decline and forecast reaching break-even on a per-unit basis during the second half of 2024. Third Quarter 2023 Earnings Conference Call scheduled for November 21, 2023.
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AYRO Receives w3 Award For New Website

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AYRO, a designer and manufacturer of electric vehicles, partnered with Forum Communications and won a silver award at the 18th Annual w3 Awards. The award recognizes the new AYRO.com website in the General Websites - Environmental & Sustainability category. The website was developed as part of the re-brand and launch of the 2023 AYRO Vanish, a low-speed electric vehicle with adaptable configurations. The partnership with Forum Communications has been successful in aligning marketing strategies.
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AYRO Completes Test Drive Event

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AYRO, Inc. hosted a live test drive event for its new AYRO Vanish low-speed electric vehicle. Attendees praised the vehicle's drivability and comfort. For more information, visit ayro.com.
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AYRO Secures Patent for Vehicle Acceleration Control

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AYRO secures new patent for vehicle environmental impact reduction
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AYRO, Inc. Regains Compliance with NASDAQ Listing Requirements

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AYRO regains compliance with Nasdaq's minimum bid price listing requirement.
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AYRO Awarded Patent for User-Tailored Vehicle Seat Fabrication Technology

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AYRO, Inc. has been issued U.S. Patent No. 11752902 for a vehicle seating system, representing a milestone for the company's innovative designs. The patent allows for the fabrication of custom seat bolsters to enhance user comfort and vehicle utilization. AYRO aims to set the standard for sustainability while maintaining functionality and aesthetics. This innovation could elevate the understanding of how sustainability intersects with low-speed electric vehicles (LSEVs).
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AYRO Ships First Production Vanish Units to Cruising Kitchens

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AYRO announces shipment of first production Vanish units to Cruising Kitchens, a key channel partner. AYRO believes this positions them well to reach broader fleets as they transition to electric vehicles.
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AYRO to Host Test Drive Event at Texas Headquarters

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AYRO to host exclusive test drive event for its electric vehicle, the Vanish, on October 19, 2023. The Vanish offers adaptable payloads for fleet, commercial, and personal use. The vehicle has completed testing certification and homologation in the US and Canada. Availability for dealers and partners expected soon. Participants must register to attend.
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AYRO Secures Second Electric Vehicle Design Patent

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AYRO, Inc. has been issued a design patent for additional components of the AYRO Vanish, which further differentiates the vehicle from its industry peers. The patent protects the innovation of the reconfigurable cargo subsystem and is a complement to the design patent already granted on the core chassis. AYRO has also received two prominent awards and has secured multiple patents for the Vanish, demonstrating its commitment to innovation and sustainability.
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FAQ

What is the current stock price of AYRO (AYRO)?

The current stock price of AYRO (AYRO) is $0.71 as of December 20, 2024.

What is the market cap of AYRO (AYRO)?

The market cap of AYRO (AYRO) is approximately 4.7M.

What does AYRO, Inc. specialize in?

AYRO, Inc. specializes in designing and manufacturing light-duty, emissions-free electric vehicles for urban and community transport, local delivery, and closed campus mobility.

What are some of AYRO's key products?

Some of AYRO's key products include the AYRO 311, a 3-wheeled vehicle, the Club Car 411 for low-speed logistics, and the AYRO Vanish, a low-speed electric vehicle (LSEV) designed for various applications.

Where is AYRO, Inc. headquartered?

AYRO, Inc. is headquartered in Round Rock, Texas.

When was AYRO, Inc. founded?

AYRO, Inc. was founded in 2017.

What recent achievements has AYRO made?

Recent achievements include the launch of the AYRO Vanish, receiving regulatory certifications, entering low-rate initial production, and receiving their first fleet order from a Fortune 100 retailer.

What is the AYRO Vanish?

The AYRO Vanish is a low-speed electric vehicle (LSEV) designed for various applications, including fleet, commercial, and personal use. It is the first vehicle on AYRO's new Common Core Chassis design platform.

How is AYRO performing financially?

AYRO maintains a strong financial position with nearly $48 million in cash and marketable securities, and they are on track to reach break-even per-unit costs by the second half of 2024.

Has AYRO expanded internationally?

Yes, AYRO is now registered on Transport Canada's Appendix G Pre-clearance Program, making it easier for Canadian importers to import AYRO's low-speed electric vehicles.

How does AYRO contribute to sustainability?

AYRO designs and produces zero-emission vehicles that minimize environmental impact, focusing on reducing carbon emissions and promoting sustainable transportation solutions.

Where can I find more information about AYRO?

More information about AYRO can be found on their official website at www.ayro.com.

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AYRO, Inc.

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4.67M
4.17M
21.68%
4.47%
8.34%
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