Ayro, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023

AYRO, Inc. designs and manufactures compact, sustainable electric vehicles for closed campus mobility, low speed urban and community transport, local on-demand and last mile delivery and government use. Its four-wheeled purpose-built electric vehicles are geared toward commercial customers, including universities, business and medical campuses, last mile delivery services and food service providers. Its vehicles provide the end user an alternative to internal combustion engine vehicles (cars powered by gasoline or diesel oil), for light duty uses, including low-speed logistics, maintenance services, cargo services, and personal/group transport in a quiet, zero emissions vehicle with a lower total cost of ownership. Its product, AYRO Vanish, offers three configurations, such as the Vanish Cargo Van Box, the Vanish Flatbed truck, and the Vanish Pickup Bed truck. The Vanish Cargo Van Box is a fully enclosed cargo box. The Vanish Pickup Bed truck is utilized for open air hauling.