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home / news releases / AYRO - AYRO raises $22M to complete manufacturing of flagship electric vehicle

AYRO - AYRO raises $22M to complete manufacturing of flagship electric vehicle

AYRO Inc.

2023-08-08 13:55:03 ET

  • Electric, purpose-built delivery vehicles manufacturer AYRO, Inc. ( NASDAQ: AYRO ) fell 5.6% to $0.68 as it announced an agreement to raise proceeds of about $22 million in a private placement of convertible preferred stock and warrants.
  • "...It (Financing) should ensure we can complete the development, manufacturing ramp up and marketing of the Vanish, our lead low speed electric vehicle (LSEV) and meet its anticipated growth in demand," commented Tom Wittenschlaeger, AYRO's CEO.
  • Source: Press Release

For further details see:

AYRO raises $22M to complete manufacturing of flagship electric vehicle
Stock Information
Company Name: AYRO Inc.
Stock Symbol: AYRO
Market: NASDAQ
Website: ayro.com
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