EVmo, Inc formerly YayYo, Inc, announces a Fleet Acquisition of Tesla Vehicles
EVmo, Inc to go all electric by the end of 2021
BEVERLY HILLS, Calif., March 10, 2021 (GLOBE NEWSWIRE) EVmo, Inc, formerly YayYo, Inc (“EVmo” or the “Company”) (
OTC:
YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, acting through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, today announced that it is partaking in a fleet acquisition of Tesla (
NASDAQ:TSLA) vehicles, and has committed to go all electric by year end of 2021.
Steven Sanchez, CEO of EVmo said “The future of mobility is electric. Tesla is an obvious choice and we are excited to be one of the first Tesla rideshare fleet partners in the US that will deploy electric vehicles rather than gasoline-powered vehicles, for services like Uber and Lyft. Our EV commitment provides outsized climate benefits. The explosive growth in the gig economy and evidence that it’s cannibaliz
UPDATE: EVmo, Inc (formerly YayYo, Inc ) Becomes a Tesla Fleet Partner
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News Category Global Banking & Finance Reviews
RideShare Rental, Inc., formerly YayYo, Inc., announces $2 million extension of ACME Auto Leasing LLC line of credit
BEVERLY HILLS, Calif., Jan. 21, 2021 RideShare Rental, Inc., formerly YayYo, Inc. (“RSR” or the “Company”) (
Other OTC:YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, acting through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, today announced that ACME Auto Leasing LLC has increased their line of credit to the Company by $2 million.
The extension will be used to fund additional passenger vehicles for the rideshare industry, including the purchase of transit high top cargo vans for last -mile logistics. The bulk of the funds will be allocated towards the purchase of electric vehicles (EV) to launch RSR’s EV strategy for the rideshare space.
News Category Global Banking & Finance Reviews
RideShare Rental, Inc, formerly YayYo, Inc, announces that its CEO has increased his common stock position in YAYO by 5,000,000 shares
BEVERLY HILLS, Calif., Jan. 13, 2021 RideShare Rental, Inc., formerly YayYo, Inc (“RSR” or the “Company”) (
Other OTC:YAYO), which, acting through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, is a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced that its Chief Executive Officer, Ramy El-Batrawi, has increased his ownership position in YAYO common stock by five million (5,000,000) shares. Mr. El-Batrawi received these shares through an exchange transaction (valued at $3 a share for a total of $15,000,000) with RSR’s largest stockholder, the Gray Mars Venus Trust, Arizona 2015 (the “Trust”). The shares will be held as an asset of X, LLC, a Delaware limited liability company, of which Mr. El-Batrawi is managing member and Mr.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
John Gray, principal of one of the largest shareholders of Rideshare Rental, Inc. (formerly .
RideShare Rental, Inc.January 12, 2021 GMT
BEVERLY HILLS, Calif., Jan. 12, 2021 (GLOBE NEWSWIRE) Rideshare Rental, Inc., formerly YayYo, Inc. (“RSR” or the “Company”) ( Other OTC:YAYO ), which, acting through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, is a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced that John Gray, the principal of one of the Company’s largest shareholders, the Gray Mars Venus Trust, Arizona 2015, has agreed to extend a loan to the Company in the amount of $500,000, in return for which he will receive a convertible note issued by RSR (the “Note”). The Note will mature after twelve (12) months and the loan will bear interest at a fixed rate of six percent (6%). If the debt represented by the Note i
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