EVmo Expands Fleet through Agreements with Leading OEMs to Supply Vehicles in Support of Growth Quarterly Plans
March 24, 2022 at 09:00 am EDT
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EVmo, Inc. announced a agreements with leading automobile manufacturers to supply the Company with approximately 400 new vehicles quarterly. Gig economy drivers with ICE vehicles who work for ride-hailing and delivery companies like Uber, Lyft and DoorDash have been hit hard by rising gas prices in recent weeks. EVmo's growing EV fleet provides a much-needed solution for these drivers to address the challenges of increasing fuel costs.
YayYo, Inc. is a holding company engaged in the ridesharing and transportation industry. The Company operates through its subsidiaries, Distinct Cars, LLC and Rideshare Car Rentals LLC, and is a provider of standard rental vehicles to drivers in the ridesharing industry. It operates in two business segments, Rideshare Platform, and Fleet Management. Through the Rideshare platform, the Company develops a peer-to-peer online booking platform to rent standard passenger vehicles to self-employed ridesharing drivers. It serves as a central marketplace that connects the Company's fleet management vehicles, other fleet owners and selected individual car owners with Rideshare drivers seeking rental vehicles. Through the Fleet Management segment, the Company focuses on the maintenance of a fleet of standard passenger vehicles that are commercially available through the Rideshare platform. The Company's subsidiaries also include Savvy LLC, and Rideyayyo LLC.
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