AYRO Enters Low-Rate Initial Production of the Vanish

Low-Speed EV Expected to be Delivered to Initial Channel Partners Within Weeks.

ROUND ROCK, TX / ACCESSWIRE / September 12, 2023 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility, and last-mile delivery, announces that the AYRO Vanish (the "Vanish"), a utility low-speed electric vehicle (LSEV), has successfully entered low-rate initial production ("LRIP").

Foto: Accesswire

LRIP is a limited manufacturing run that is intended to validate the efficiency of the production processes and systems designed to build the Vanish. Training, tools, processes, and quality measures are evaluated as the Company prepares to ramp up to higher production rates.

"We believe entering LRIP for the Vanish is a major milestone for AYRO," noted Tom Wittenschlaeger, CEO of AYRO. "Within a few weeks, we anticipate being able to deliver the first vehicles to our dealers and partners so they can begin showing and selling the Vanish beyond pre-orders."

The Vanish features a lightweight architecture that limits vehicle weight and maximizes payload. The Vanish offers highly adaptable configurations and is designed to serve as a sustainable alternative to gas-powered vehicles typically used in commercial fleets. Last month, the Vanish received initial approval of homologation and compliance with Federal Motor Vehicle Safety Standards, Canada Motor Vehicle Safety Standards and SAE J2358 requirements.

"We've worked tirelessly to reach this point in our processes," continued Wittenschlaeger. "Our partners and dealers are incredibly excited to share the Vanish with their customers. We're also looking forward to seeing the Vanish in action with customers and fleets as this is just the first vehicle in our planned portfolio."

AYRO has been honored with two prominent awards in 2023, the Red Dot Award for Product Design and the Frost and Sullivan North American New Product Innovation Award. Additionally, AYRO has secured two design patents and two utility patents for the Vanish and has filed several others, along with numerous foundational patents in the field of sustainability.

About AYRO

AYRO designs and produces zero emission vehicles and systems that redefine the very nature of sustainability. Our goal is to craft solutions in a way that leaves minimal impact on not only carbon emissions, but the space itself. From tire tread, fuel cells, sound and even discordant visuals, we apply engineering and artistry to every element of our product mix. The AYRO Vanish is the first in this new product roadmap. For more information, visit ayro.com.