Ayro, Inc. announced the first channel partners to order the 2023 AYRO Vanish (the "Vanish"). U.S. Fleet Source, a vehicle and fleet service provider for commercial, government, and municipal fleets; Cruising Kitchens, a custom food truck builder and mobile business fabricator; and Masters Golf and Utility Vehicles, a dealer and fleet solutions provider for the Ontario Province of Canada, have placed orders and will receive their initial Vanish units in September 2023. U.S. Fleet Source receives orders for 20,000 vehicles annually, with 95% of these orders coming from the government sector.

Electric vehicle (EV) orders currently represent approximately 10% of all U.S. Fleet Source orders, but the Company expects this number to increase as EVs become more readily available. Cruising Kitchens is based in San Antonio, Texas, and specializes in custom food trucks and trailers, kitchen trucks and trailers, shipping container trailers, multimedia trucks and trailers, mobile office trucks and trailers, and more. Masters Golf and Utility Vehicles is based in Oshawa, Ontario, and provides versatile golf and compact utility cart solutions, ranging from customized vehicles to full-scale fleet solutions and rental vehicles.