Ayro, Inc. (AYRO) has recently delivered terrific stock returns and obtained a significant amount of cash from investors. The company, which sells electric vehicles (EVs), is targeting a market of more than $23.9 billion by 2026, and expects to become a multimillion dollar corporation. In my view, it is the right moment to look at the company's business model as factories are being developed, and new agreements were sold recently.
Business Overview
AYRO manufactures and designs electric vehicles for different needs. The company intends to sign agreements with universities, governments as well as