AYRO Announces Release of Configurable Electric Utility Vehicle

AYRO, Inc. (NASDAQ: AYRO) has recently announced the launch of its newest product – the AYRO Vanish. Making its debut as the first low-speed electric vehicle (LSEV) in the company’s strategic product roadmap, the AYRO Vanish is designed with an innovative lightweight architecture. This design curtails the overall vehicle weight, thus maximizing payload capacity. The vehicle is versatile, featuring adaptable bed configurations that can cater to both light-duty and heavy-duty requirements. The AYRO Vanish not only revolutionizes efficiency in utility vehicles but is also mindful of its environmental footprint. This launch signifies AYRO, Inc.’s commitment to sustainable and effective automotive solutions.

The AYRO Vanish is the ideal solution for electric vehicle fleets and showcases the engineering prowess and artistry that customers have come to expect from the innovative AYRO team. This new zero emissions LSEV targets a segment of the electric vehicle space where electrification offers the most compelling advantages and where there are few alternatives. The Vanish stands as a significant milestone in the future of AYRO. In addition to designing a next-generation base vehicle, AYRO is also developing a customized family of swappable payloads and embedded software operator aids. This makes the Vanish platform much more than just a truck – it is a leap towards sustainable and efficient vehicle solutions.

In line with AYRO Inc.’s innovative endeavors, the development of the AYRO Vanish has led to the filing of two new design patents, further cementing their cutting-edge contributions to sustainable automotive solutions. In addition, the company has multiple seminal patents pending in the realm of sustainability, underscoring their commitment to eco-friendly technologies. Moreover, AYRO’s inventive prowess is also reflected in their possession of four U.S. Utility Patents, with an additional two U.S. Utility Patent Applications currently in the process. These developments not only demonstrate AYRO’s continuous drive for technological advancement but also their dedication to creating a sustainable future in the automotive industry.

“We designed the AYRO Vanish from the ground up,” said Tom Wittenschlaeger, CEO of AYRO. “From concept to production to implementation, we wanted to make sure every detail was considered. Also, the vehicle is primarily sourced from North America and Europe, with vehicle final assembly and integration in our Round Rock, Texas facility, thus eliminating concerns regarding rising costs of trans-Pacific shipping, shipping times, import duties and quality.”

The growing demand for sustainable, cost-effective transportation in various industries, especially where full-size trucks or vans are excessive, has brought low-speed vehicles (LSVs) into the spotlight. The North America Low Speed Vehicle Report further corroborates this trend, projecting a market growth of $5.5 billion from 2021 to 2027. This burgeoning market can be attributed to stringent emission standards and the cost-effectiveness of electric LSVs, making short-distances and on-location fleet management more eco-friendly and economically viable.

In response to this trend, AYRO, with its innovative approach towards sustainable automotive solutions, designed the AYRO Vanish. This electric LSV, a product of the company’s unrelenting commitment to technological advancement, not only fills the gap within the industry but also aligns with the shift towards sustainability. The Vanish is the perfect fit for industries where traditional pickup trucks are oversized and golf/utility carts inadequate. It finds ideal applications in sectors such as education, corporate and medical campuses, hotels and resorts, golf courses, stadiums, marinas, governments, municipalities, and urban delivery. These industries, with their increasing environmental consciousness, are also aligned with AYRO’s corporate goal of leaving virtually no mark on their environment. This alignment underscores the strategic relevance and potential impact of the AYRO Vanish in fostering a sustainable future in the automotive industry.

“Our goal at AYRO is to redefine the nature of sustainability,” Wittenschlaeger said. “We at AYRO, working in concert with our customers, are working toward a future where our solutions move beyond just limiting carbon emissions. As we developed the AYRO Vanish, and our future product roadmap, we’re considering tire tread, fuel cells, toxic fluids, discordant sound and even harsh visuals in our designs. It’s everything – sustainability isn’t just a destination, it’s a constantly evolving journey.”