AYRO - Club Car Partnership Announce First Deliveries to Canada and Mexico
AYRO, Inc. (”AYRO” or the “Company”), a designer and manufacturer of purpose-built compact, light-duty emissions-free electric vehicles for urban, commercial, consumer and government markets, announces the Company’s first vehicle deliveries of its Club Car 411 to Canada and Mexico through its strategic partnership with Club Car, Inc. (“Club Car”).
The all-electric Club Car 411 utility trucks are the first AYRO-built sustainable vehicles to be exported to both countries bordering the U.S. With the new USMCA trade agreement in place, the potentially lucrative Canadian and Mexico markets are opening up, which may benefit U.S.-made vehicles like the Club Car 411 electric truck. With the new agreement, “Made in the U.S.” products, including light-duty electric vehicles, should be well positioned to increase market share throughout North America.
“With new international deliveries beginning and a global low speed electric vehicle (“LSEV”) market predicted to reach 23.9 billion by 2026 according to Navigant Research, AYRO’s strategic relationship with Club Car makes it possible for our purpose-built electric fleet vehicles to reach beyond the U.S. market and into Canada and Mexico,” said Rod Keller, CEO of AYRO. “With its ability to reduce operating expenses by 49% and Co2 emissions by 44% compared to comparable gas powered vehicles, the Club Car 411 should make it easier for these countries to achieve their sustainability goals for carbon reduction, urban congestion and cost-effective electric last mile vehicles.”
AYRO’s other all-electric vehicle, the AYRO 311 autocycle, is also expected to be marketed to Canada and Mexico fleet opportunities for larger radius delivery and promotional applications. With a top speed of up to 80 km/h (50 mph), AYRO management anticipates that the AYRO 311 may provide an attractive alternative to gas powered vehicles, particularly with respect to restaurant delivery.
AYRO management additionally views the AYRO 311 as a potential solution for urban and suburban customers looking to reduce operating costs while at the same time offering AYRO opportunities to enhance brand exposure through the AYRO 311’s distinct 3-wheeled design.
About Club Car and Ingersoll Rand:
Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands – including Club Car, work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a $13 billion global business committed to a world of sustainable progress and enduring results. Club Car has been one of the most respected names in the golf industry for more than half a century and its product portfolio has grown to include much more than golf cars, now encompassing consumer and commercial utility vehicles, multi-passenger shuttle vehicles, rough-terrain and off-road utility vehicles and street legal low-speed vehicles for commercial and consumer markets. For more information, visit www.ingersollrand.com or www.clubcar.com. Club Car is part of Ingersoll Rand, and is based in Augusta, GA.