AYRO Inc (NASDAQ:AYRO) is moving higher again in the pre-market session on Tuesday, extending its yesterday’s gain of 8.50%.
Major Trigger:
AYRO Receives $2 Million Purchase Order for New Club Car Current EV Following Launch
Key Highlights:
- announced the receipt of an initial purchase order valued at $2 million, subject to the terms and conditions of the Master Procurement Agreement executed March 13, 2019.
- This immediately follows the launch of the 2022 Club Car Current, the next generation of the Club Car 411 that features new options for improved safety and comfort in the same compact, customizable design that universities, restaurants, governments, hospitals, hotel resorts, sports stadiums, and airports across the U.S. have come to love.
- This first purchase order signals the strong, and immediate, demand for the Club Car Current as business sustainability goals and EV adoption increase.
- The Club Car Current fills the gap between full-sized trucks and small utility carts, which makes it ideal for low-speed logistics and cargo services in campus and urban environments. Similar to the previous generation, it is engineered for multiple bed options and accessories – van box, pickup truck with sides, flatbed configurations – for fleet versatility. It is also deemed road safe by the U.S.
Key Quote
“Club Car has been a strong partner for getting our light-duty, low-speed EVs to customers that need them, and this purchase order is a great example of our successful collaboration,” said Rod Keller, CEO of AYRO. “The Club Car Current navigates campuses and narrow urban streets seamlessly while also carrying significant loads for meeting last-mile distribution challenges—this is something most other EV’s are not designed to handle.”
Market Reaction
As of 8:23, AYRO stock jumped 4.30% to $5.82. So far the stock has traded 40K shares traded hands.
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